Hariom Pipe Industries Limited has announced its financial results for the third quarter ended December 31, 2024, reflecting growth in revenue and profitability amid operational cost optimization and increased production efficiencies.
Key Financial Highlights (Q3 FY25):
- Revenue from Operations: ₹299.88 crore, up 7.1% compared to ₹279.99 crore in Q3 FY24. The increase was driven by steady demand for steel products and enhanced capacity utilization.
- Total Income: ₹300.37 crore compared to ₹281.99 crore in the same period last year.
- Net Profit: The company posted a net profit of ₹11.23 crore, reflecting a 14.3% growth from ₹9.83 crore YoY.
Expense Overview:
- Cost of Materials Consumed: ₹230.34 crore, slightly down from ₹240.02 crore YoY due to efficient procurement and inventory management.
- Employee Benefits Expense: ₹12.41 crore, compared to ₹10.52 crore YoY.
- Finance Costs: ₹12.17 crore versus ₹11.16 crore in Q3 FY24.
- Depreciation and Amortization: ₹12.54 crore compared to ₹9.63 crore in the corresponding quarter.
Profitability and Margins:
- EBITDA: Supported by cost-saving measures, the company achieved an improved operating performance, contributing to its profit growth.
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Hariom Pipe Industries