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Shares of Hi-Tech Pipes rallied over 3% on Tuesday, following news that Manoj Kumar Gupta, Trustee of Hi-Tech Pipes Employees Welfare Trust, acquired an additional 26,000 shares in the open market. This latest purchase follows his earlier acquisition of 20,000 shares, bringing his total holdings to 46,000 shares.
With this investment, Gupta’s stake in the company has increased from 0.08% to 0.10%, now holding 1,97,500 shares in total.
Stock Performance
- Stock opened at ₹111.80 on the BSE, up from the previous close of ₹110.50.
- It further climbed to ₹114, marking a 3.16% intraday rise.
- 52-week high: ₹210.75 | 52-week low: ₹97.10
- Current Market Capitalisation: ₹2,280.90 crore
Strong Financial Performance Driving Investor Confidence
Hi-Tech Pipes reported robust growth in its December quarter earnings, boosting investor sentiment:
Key Financial Highlights (YoY Growth for Q3 FY25)
Profit After Tax (PAT): ₹19.15 crore (+34%) (vs ₹14.33 crore last year)
Revenue from Operations: ₹761.02 crore (+20.78%) (vs ₹630.09 crore)
EBITDA: ₹40.23 crore (+27.42%)
Expanding Manufacturing & Renewable Energy Capacity
- Operates six integrated manufacturing facilities with a combined installed capacity of 7,50,000 metric tonnes per annum.
- Actively scaling its renewable energy capacity to 13.5 MW by year-end.
- Recently raised ₹500+ crore via QIP (Qualified Institutional Placement) to fund growth initiatives.
Outlook: Sustained Growth Ahead
With strong financials, operational expansion, and increasing investor confidence, Hi-Tech Pipes is well-positioned for long-term growth in the steel pipe manufacturing sector.
