gross sales volumes: New Hl: Hello-Tech Pipes Q2 Outcomes: Web revenue grows two-fold to Rs 10.53 crore

Hello-Tech Pipes has posted over two-fold bounce in consolidated internet revenue at Rs 10.53 crore within the September quarter, on larger earnings. It had clocked Rs 4.34 crore internet revenue within the July-September interval of the previous 2022-23 fiscal, the corporate stated in a regulatory submitting on Saturday.

The corporate’s complete earnings rose to Rs 746.73 crore within the quarter underneath assessment, from Rs 599.40 crore within the year-ago quarter.

In a separate assertion, Hello-Tech Pipes stated complete gross sales volumes elevated by 17.45 per cent to 1 lakh tonnes, as in comparison with 0.85 lakh tonnes in Q2 FY23, led by higher demand for metal tubes/structural metal merchandise and value-added merchandise.

Hello-Tech Pipes’ Managing Director Ajay Kumar Bansal stated throughout this quarter the corporate reported its highest ever income from operations. The wholesome order ebook from authorities tasks like Jal Jeevan Mission helped in sustaining a superb momentum.

“We are going to proceed to extend the share of value-added merchandise in our product basket and enhance the general market share of the corporate in metal piping,” he stated.

The corporate’s greenfield facility of enormous diameter pipes at Sanand in Gujarat is in superior phases and is more likely to begin business manufacturing from the third quarter of FY24, Bansal stated.

Hello-Tech Pipes owns and operates built-in manufacturing services at Sikandrabad in Uttar Pradesh, Sanand in Gujarat and Hindupur in Andhra Pradesh with a complete put in capability of 5.80 lakh tonnes.

Moreover metal pipes, the corporate additionally produces hole sections, tubes, cold-rolled coils and strips, highway crash obstacles, photo voltaic mounting buildings and a wide range of different galvanised merchandise.

(What’s transferring Sensex and Nifty Observe newest market information, inventory ideas and skilled recommendation on ETMarkets. Additionally, ETMarkets.com is now on Telegram. For quickest information alerts on monetary markets, funding methods and shares alerts, subscribe to our Telegram feeds.)

Obtain The Financial Occasions Information App to get Each day Market Updates & Reside Enterprise Information.

Prime Trending Shares: Sensex At present Reside, SBI Share Worth, Axis Financial institution Share Worth, HDFC Financial institution Share Worth, Infosys Share Worth, Wipro Share Worth, NTPC Share Worth