India's Hi-Tech Pipes falls on quarterly profit drop

Hi-Tech Pipes

26/05/2025 09:44

** Shares of Hi-Tech Pipes HITC.NS fall 2% to 95 rupees

** Steel tubes and pipes maker posts 8% y/y drop in Q4 consolidated net profit, rev falls 4%

** Stock was up 1% before the results announcement

** Over 4.5 mln shares traded, 3x their 30-day avg

** YTD, HITC is down 40%

 (Reporting by Nishit Navin in Bengaluru)

 ((nishit.navin@thomsonreuters.com))