India: Hi-Tech Steel Pipes' revenue declines y-o-y in Q2FY'25

Hi-Tech Steel Pipes Ltd. reported a consolidated revenue of INR 705.9 crore in Q2FY'25, down 5% y-o-y from INR 746 crore in Q2FY'24. However, the company's EBITDA was INR 42.19 crore, up by 57.7% y-o-y against INR 26.76 crore in Q2FY'24. In addition, sales volumes rose by 22.5% y-o-y to 1.23 mnt in Q2FY'25 compared to 100,425 t in Q2FY'24.