Hi-Tech Pipes records highest sales volumes in Q3FY23

Hi-Tech Pipes Limited has recorded the highest sales volumes of 91,232 thousand tonnes in Q3 of the current fiscal. This is 40 per cent rise on Y-oY basis. The figure stood at 65,088 thousand tonnes in Q3FY22.

On Q-o-Q basis, the company reported 7 per cent growth in the sales volume. In Q2FY23, the figure stood at 85,500.

Hi-Tech Pipes, one of the leading steel processing companies in the country, also started commercial production of colour coating line at Sikandrabad in Uttar Pradesh with an installed capacity of 50,000 MTPA.

The company operates integrated manufacturing facilities at UP's Sikandrabad, Sanand in Gujarat, Hindupur in Andhra Pradesh and Khopoli in Maharashtra.

The company has a direct marketing presence in over 20 states with more than 400+ distributors across the country. 

Shares of Hi-Tech Pipes quoted Rs 864 apiece on NSE on Tuesday, up marginally by 1 per cent.