Hi-Tech Pipes Limited
The topline and the bottomline of Hi-Tech Pipes has grown significantly in the December quarter. What factors gelled well for the company?
During the 9 months ended December 2018, the net revenue of the company has increased from 733.4 cr to 980 cr., with the growth of 34% and profit after tax of the company has increased from 15.9 cr. to 19.2 cr., with the growth of 21%.
Further, during Q4FY19, the volumes of the company crossed 80,000 MT with a growth of 45%. During FY18-19, the volumes of the company crossed 2,69,000MT with the growth of 19%. In 2018-19, the volume of galvanized tubes and the volume of pre-galvanized tubes increased significantly.
Massive infrastructure creation in the country such as pan-India water grids, gas distributions network, affordable housings, renewable energies, transmission and telecom, aviation, agriculture, and irrigation, etc. has contributed significantly for the growth.
How are the new developments in the industry being incorporated into the company's products?
Our industry has witnessed incredible growth and expansion. The continuous evolution in the product range resulted in the introduction of hollow section pipes for infrastructure. Gradually this segment has grown manifold replacing angles, channels, wood, etc. With increased awareness, numerous applications of the product are being explored and added continuously, viz., structures of telecom towers, toll plazas, metro stations, solar mountings, greenhouses, water and gas supplies, airports, and many others.
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
