Good results.
Impressive QoQ and YoY increase in revenue, ebitda, and pat.
~2.5x YOY growth in PAT - value addition gaining traction.
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To anyone tracking this company. When the company mentions value added to be increased to 50%. Exactly what does this value add comprise of? Is this the new application in construction business that does 5000 odd ebitda/ton. Or just higher grade core business products. Company never expands on this side.
Have highlighted below the products which would give higher EBITDA/ ton. There is a lot of scope for improvement, if you compare with APL, and they are on the right track.
Volatility in steel prices could play spoil sport so suggest watching out for the same.
Hi-Tech Pipes Limited reported results for Q2FY25:
• Sales Performance:
- Revenue declined 5% YoY
- Sales volume reached a record high of 123,000 tonnes, up 23% YoY
- Blended realizations fell 23% YoY and 19% QoQ to Rs 57,378/tonne, primarily due to lower HRC prices
• Profitability:
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EBITDA increasing 58% YoY
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EBITDA per tonne was Rs 3,429, up 29% YoY
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Adjusted profit after tax (PAT) grew 72% YoY
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Strong volume growth offset by lower realizations
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Operational efficiency gains helped maintain EBITDA margins despite falling HRC prices
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Company demonstrated resilience in managing inventory losses - Can fellow VP members shed light on how Hi-Tech pipes managed lower inventory losses than APL APollo?