Shares of steel pipe maker Hi-Tech Pipes rose over 6% during the early intraday trading on Tuesday after the company announced decent financial results for Q4, or the quarter ended in March 2025. The metal company's stock opened 1 per cent higher at Rs 95.70 on NSE against the previous close of Rs 94.68, and it went on to hit an intraday high of Rs 100.40, surging over 6%.

At 11:09 AM, the shares were trading at Rs 99.90, up 5.40% against the previous day's closing price.

Q4 Results

Driven by higher income, Hi-Tech Pipes, a component of the BSE Smallcap index, reported a 59% increase in consolidated net profit to approximately Rs 18 crore for the March quarter. According to an exchange filing, the company reported a net profit of Rs 11.12 crore for the January–March quarter of 2023–2024.

A year ago, the company's total revenue was Rs 680.75 crore; this year, it was Rs 733.75 crore. Due to increased demand, Hi-Tech Pipes reported that sales volume rose 8% to 1,16,032 MT from 1,07,721 MT in Q4 FY24.

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Compared to FY24's net profit of Rs 43.93 crore, the net profit for FY25 increased 66% to Rs 72.95 crore. Thanks to record sales volumes, revenues increased by 14% during the year from Rs 2,699 crore to Rs 3,068 crore.

History of Hi-Tech Pipes' Share Price - According to BSE data, Hi-Tech Pipes' stock has dropped 23% in the past year, but the small-cap stock has produced a strong 82% return over the last three years.

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Disclaimer: This is just a piece of news about recent developments in the stock. Jagran does not advise investing. Please take an expert's opinion before investing.