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Hi-Tech Pipes Q1FY25 Sales Volume Rises 45% YoY

Hi-Tech Pipes reported a 45% year-on-year increase in Q1FY25 sales volume to 1,22,155 MT, driven by strategic expansions and operational efficiencies, bolstered by the new Sanand Unit II Phase 1 facility in Gujarat.

by Damodharan N

Updated Jul 18, 2024

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Hi-Tech Pipes Q1FY25 Sales Volume Rises 45% YoY

Hi-Tech Pipes, one of India's leading steel tubes and pipes manufacturers, has achieved its highest ever sales volume in Q1FY25. The company recorded a remarkable 45% year-on-year increase in sales volume, reaching 1,22,155 metric tonnes (MT) compared to 84,489 MT in the same period last year.

Additionally, there was a 13% quarter-on-quarter growth from 1,07,721 MT in Q4FY24. This significant achievement is attributed to Hi-Tech Pipes' strategic initiatives, including expanding product lines, enhancing marketing efforts, and optimizing processes.

Mr. Ajay Kumar Bansal, Chairman and Managing Director of Hi-Tech Pipes Ltd., stated, “We are thrilled to reach this major milestone, which demonstrates our team's dedication and hard work. Our focus on quality, customer-centric approach, and continuous improvement has enabled us to achieve this record-breaking sales volume. We are confident that this momentum will continue, driving our growth and success in the industry."

A key contributor to this achievement is the new manufacturing facility, Sanand Unit II Phase 1 in Gujarat, which became operational at the end of Q4FY24. This facility has significantly enhanced the company’s production capacity and efficiency, further cementing Hi-Tech Pipes' leadership position in the western market.

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Hi-Tech Pipes 

Hi-Tech Pipes Limited is a prominent steel processing company in India, known for its innovative products across various sectors for nearly four decades. The company specializes in manufacturing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures, GP/GC Sheets, Color Coated Coils, and other galvanized products.

Hi-Tech Pipes operates six state-of-the-art integrated manufacturing facilities in Sikandrabad (Uttar Pradesh), Sanand (Gujarat), Hindupur (Andhra Pradesh), and Khopoli (Maharashtra), with a combined installed capacity of 7,50,000 metric tonnes per annum (MTPA).

The company has a strong market presence with direct marketing in over 20 states and a wide network of more than 450 dealers and distributors across India. Hi-Tech Pipes is on track to expand its capacity to 1 million tonnes in FY25, aiming to further strengthen its position in the industry.


Hi-Tech Pipes Q1FY25 Sales Volume Rises 45% YoY - FAQs

1. What is Hi-Tech Pipes' achievement in Q1FY25?       

Hi-Tech Pipes achieved a significant milestone with a 45% year-on-year increase in sales volume to 1,22,155 MT.

2. How does Hi-Tech Pipes' Q1FY25 sales volume compare to previous periods?

The company recorded a 13% quarter-on-quarter growth from 1,07,721 MT in Q4FY24.

3. What factors contributed to Hi-Tech Pipes' sales volume increase?   

Strategic expansions, enhanced marketing efforts, and operational efficiencies were key contributors.

4. Where is Hi-Tech Pipes' new manufacturing facility located?

The new facility, Sanand Unit II Phase 1, is located in Gujarat.

5. How has the new manufacturing facility impacted Hi-Tech Pipes' operations?   

It has significantly enhanced the company’s production capacity and efficiency.

6. What products does Hi-Tech Pipes specialize in?   

Hi-Tech Pipes specializes in manufacturing steel pipes, hollow sections, tubes, cold rolled coils, road crash barriers, solar mounting structures, GP/GC Sheets, Color Coated Coils, and other galvanized products.

7. Where are Hi-Tech Pipes' integrated manufacturing facilities located?   

The facilities are located in Sikandrabad (Uttar Pradesh), Sanand (Gujarat), Hindupur (Andhra Pradesh), and Khopoli (Maharashtra).

8. What is Hi-Tech Pipes' current installed capacity?   

The company's installed capacity is 7,50,000 metric tonnes per annum (MTPA) across its facilities.

9. How many states does Hi-Tech Pipes have direct marketing presence in?   

The company has direct marketing presence in over 20 states across India.

10. What is Hi-Tech Pipes' expansion plan for FY25?   

Hi-Tech Pipes aims to expand its capacity to 1 million tonnes in FY25, aiming to strengthen its market position further.

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