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Hi- Tech Pipes - Standalone Q3- Net profit rises to Rs.6.35 crore against Rs. 3.86 crore in Q3-FY20


Hi- Tech Pipes – Standalone Q3-FY21 Revenue reached Rs. 328.99 crore against Rs. 299.23 crore in Q3-FY20.

Company : Hi-Tech Pipes Limited

Hi- Tech Pipes announced its Standalone and consolidated financial results for the quarter and period ended on 31st December, 2020.

Financials for Standalone Q3 at Hi- Tech Pipes in FY20-21 are as follows:

- Revenue reached Rs. 328.99 crore while previous year corresponding period it was Rs. 299.23 crore.

- Net profit rises to Rs.6.35 crore against Rs. 3.86 crore in a year ago period.

- Earning per share was Rs.5.82 against Rs.3.54 in a year ago period.

Standalone financials for the 9 months period ended on 31st December 2020 at Hi- Tech Pipes are as follows:

- Revenue was Rs.724.70 crore whereas in the last year same period it was Rs.733.01 crore.

- Net profit was Rs. 10.42 crore against Rs. 12.15 crore in a year ago period

- Earning per share was Rs. 9.54 against Rs.11.27 in the corresponding period previous year.

Standalone annual revenue in FY19-20 reached Rs. 968.31 crore with net profit of Rs.14.03 crore and Earning per share was Rs.12.97 at Hi- Tech Pipes.

Following are the consolidated Q3 financials at Hi- Tech Pipes in FY20-21:

- Revenue reached Rs.415.99 crore whereas previous year corresponding period it was Rs.381.60 crore

- PAT rises to Rs.9.26 crore against Rs.6.50 crore in a year ago period.

- EPS was Rs. 8.48 while preceding year same period it was profit of Rs 5.95 per share.

Consolidated financials for the first 9 months period in FY20-21 at Hi- Tech Pipes are given below:

- Revenue stood at Rs.949.49 crore whereas previous year corresponding period it was Rs.910.16 crore.

- PAT reached at Rs.16.28 crore against Rs.16.23 crore in a year ago period.

- EPS reached Rs.14.90 while preceding year same period it was Rs.15.60 per share.

Consolidated annual revenue at Hi- Tech Pipes in FY20-21 reached Rs.1210.86 crore with Net profit of Rs.20.38 crore and Earning per share was Rs. 18.85.

STANDALONE FINANCIAL RESULTS FOR THE QUARTER & NINE MONTHS ENDED DECEMBER 31,2020

Result
Rs. in Lacs
Quarter
Ended
Quarter
Ended
Nine Months Ended Nine Months Ended Year
Ended
31/12/2020 31/12/2019 31/12/2020 31/12/2019 2019-2020
Income Statement
Revenue 41569.58 38155.35 94912.58 90984.00 120961.50
Other Income 29.73 5.02 37.18 32.20 125.19
Total Income 41599.31 38160.37 94949.76 91016.2 121086.69
Expenditure 39247.76 36241.03 89762.99 86503.03 115038.88
Interest 878.54 815.42 2347.38 2144.11 3003.75
PBDT 1473.01 1103.92 2839.38 2369.06 3044.06
Depreciation 206.62 195.57 598.19 453.50 657.16
PBT 1266.39 908.35 2241.20 1915.56 2386.70
Tax 340.19 258.05 612.74 292.30 347.88
Net Profit 926.20 650.31 1628.47 1623.78 2038.81
Equity 1092.61 1092.61 1092.61 1092.61 1092.61
EPS 8.48 5.95 14.90 15.06 18.85

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