Hariom Pipe Industries Limited saw its shares drop 8% to a new 52-week low of ₹393.0, despite reporting solid financial results for Q3 FY25. As of 12:46 PM, the shares were trading 8.51% lower at Rs 397.55.
The company posted a 7.1% revenue growth, reaching ₹299.88 crore, compared to ₹279.99 crore in Q3 FY24. This increase was driven by steady demand for steel products and improved capacity utilization.
Total income rose to ₹300.37 crore from ₹281.99 crore in the previous year, while net profit surged 14.3% to ₹11.23 crore, reflecting operational efficiencies and cost-saving measures. The company successfully reduced material costs to ₹230.34 crore from ₹240.02 crore YoY through optimized procurement and inventory management.
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