On a QoQ basis, the company's total revenue stood at Rs. 680.75 crore from Rs. 867.50 crore, an increase of about 27.50 percent QoQ.

Shares of Hi-Tech Pipes were bullish today as the company announced its financial results for the first quarter of the financial year 2024-25. The company has declared Q1 and reported a total revenue of Rs 867.75 crore, as against Rs 642.44 crore in the corresponding period of the previous fiscal. This means, the company has reported over 35 percent year-on-year growth in total revenue from April to June 2024.

On a QoQ basis, the company's total revenue stood at Rs. 680.75 crore from Rs. 867.50 crore, an increase of about 27.50 percent QoQ. The net profit of the company during the year was Rs. 8.02 crore from Rs. 18.05 crore, registering over 125 percent year-on-year growth in the first quarter of the current financial year.

The company reported a net profit of Rs 11.12 crore in the previous quarter. Therefore, the net profit of the company has increased by more than 62 percent respectively.

(Disclaimer: The information provided in this article is for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult a qualified financial advisor before making any investment decisions.)