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.