NEW DELHI: Hello-Tech Pipes has posted over two-fold soar in consolidated web revenue at Rs 10.53 crore within the September quarter, on increased earnings. It had clocked Rs 4.34 crore web 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 beneath overview, 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 guide from authorities tasks like Jal Jeevan Mission helped in sustaining a great momentum.
“We’ll proceed to extend the share of value-added merchandise in our product basket and improve the general market share of the corporate in metal piping,” he stated.
The corporate’s greenfield facility of huge diameter pipes at Sanand in Gujarat is in superior levels and is prone 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.
Apart from metal pipes, the corporate additionally produces hole sections, tubes, cold-rolled coils and strips, street crash limitations, photo voltaic mounting buildings and quite a lot of different galvanised merchandise.
The corporate’s complete earnings rose to Rs 746.73 crore within the quarter beneath overview, 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 guide from authorities tasks like Jal Jeevan Mission helped in sustaining a great momentum.
“We’ll proceed to extend the share of value-added merchandise in our product basket and improve the general market share of the corporate in metal piping,” he stated.
The corporate’s greenfield facility of huge diameter pipes at Sanand in Gujarat is in superior levels and is prone 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.
Apart from metal pipes, the corporate additionally produces hole sections, tubes, cold-rolled coils and strips, street crash limitations, photo voltaic mounting buildings and quite a lot of different galvanised merchandise.
