Hi-Tech Pipes - Standalone HY1-FY21 Net profit Shrinks to Rs.4.07 crore against Rs.8.86 crore in HY1-FY20
Hi-Tech Pipes– Standalone HY1-FY21 Revenue stood at Rs.395.71 crore against Rs.481.82 crore in HY1-FY20
Company : Hi-Tech Pipes Limited
Hi-Tech Pipes announced its Standalone financial results for the quarter and half year ended on 30th Sept 2020.
Following are the Standalone financial details of HY1 FY20-21 at Hi-Tech Pipes:- Revenue stood at Rs.395.71 crore whereas in the previous year, same period revenue was Rs.481.82 crore. - Net profit falls to Rs.4.07 crore against profit of Rs.8.86 crore in the corresponding period last year. - Earning per share reached at Rs.3.73 against Rs.8.27 in a year ago period.
Financials for Standalone Q2 at Hi-Tech Pipes in FY20-21 are as follows:- Revenue reached at Rs.299.23 crore while previous year corresponding period it was Rs.215.85 crore. - Net profit was of Rs. 3.86 crore against Rs.3.83 crore in a year ago period. - Earning per share was Rs. 3.54 against Rs.3.58 in a year ago period.
Standalone annual revenue in FY19-20 reached Rs.968.31crore with net profit of Rs.14.03 crore and Earning per share was Rs.12.97 at Hi-Tech Pipes.
Consolidated HY1 and Q2 financials at Hi-Tech Pipes in FY20-21 are as follows:- HY1 revenue stood at Rs.533.50 crore against Rs. 599.16 crore in a year ago period. - HY1 profit was Rs. 7.02 crore against Rs.11.51 crore in the corresponding period, last year. - HY1 Earning per share was Rs.6.43 against Rs.10.75 in the previous year same period. - Q2 Revenue reached at Rs.381.60 crore against Rs.275.56 crore in a year ago period. - Q2 PAT reached Rs.6.50 crore against Rs.4.48 crore in the same period last year. - Q2 EPS was Rs.5.95 against Rs.4.18 in the previous year same period.
By the end of financial year 2019-20, Hi-Tech Pipes earned consolidated revenue of Rs. 1210.86 crore with net profit of Rs 20.40 crore and Earning per share of Rs.18.86