Hi-Tech Pipes Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 6,810.28 million compared to INR 7,018.58 million a year ago. Revenue was INR 6,807.59 million compared to INR 7,021.56 million a year ago. Net income was INR 111.25 million compared to INR 158.41 million a year ago. Basic earnings per share from continuing operations was INR 0.84 compared to INR 1.29 a year ago. Diluted earnings per share from continuing operations was INR 0.69 compared to INR 0.92 a year ago.
For the full year, sales was INR 26,992.93 million compared to INR 23,858.47 million a year ago. Revenue was INR 27,004.71 million compared to INR 23,881.09 million a year ago. Net income was INR 439.31 million compared to INR 376.82 million a year ago. Basic earnings per share from continuing operations was INR 3.38 compared to INR 3.06 a year ago. Diluted earnings per share from continuing operations was INR 2.73 compared to INR 2.18 a year ago.