Stellar Q2 performance: Revenue skyrockets to Rs 302.15 crore a remarkable 138 per cent growth!
The stock has witnessed significant buying activity as it has given multibagger returns of more than 130 per cent in just 1 year.
Today, the shares of Hariom Pipe Industries Limited soared 3.38 per cent. The company's current market capitalization stands at Rs 1,872.66 crore.
Based in Hyderabad, Telangana, Hariom Pipe Industries Limited stands tall as an integrated steel manufacturer, commanding a robust presence in the South Indian market. Boasting a diverse product portfolio that includes Mild Steel (MS) Billets, Pipes and Tubes, Hot Rolled (HR) Coils, and Scaffolding Systems, our top-notch products cater to a wide array of industrial applications across various sectors.
Key Highlights
Operational Performance:
- Net production surged to 56,552 MT, marking a remarkable 121% per cent YoY increase.
- Net sales reached 50,435 MT, showing a substantial 134 per cent YoY growth.
- Sales of Value Added Products hit 45,313 MT, experiencing an impressive 176 per cent YoY increase.
Financial Performance:
- Revenue soared to Rs 302.15 crore, reflecting a substantial 138 per cent YoY growth.
- EBITDA reached Rs 36.78 crore, showcasing a robust 127 per cent YoY increase.
- Profit After Tax (PAT) stood at Rs 14.77 crore, demonstrating a notable 59 per cent YoY growth.
- Total Assets reached Rs 859.40 crore, exhibiting a substantial 134 per cent YoY increase.
Overall, the company's operational and financial performance for the quarter is very strong. This is a good sign for the company's future growth and profitability.
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The stock has witnessed significant buying activity as it has given multibagger returns of more than 130 per cent in just 1 year.
Disclaimer: The article is for informational purposes only and not investment advice.