Integrated Filing — IndAS



General information about company
Scrip Code 543411
NSE Symbol HITECH
MSEI Symbol NOTLISTED
ISIN INE106T01025
Name of company HI-TECH PIPES LIMITED
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 17-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Manufacaturing of Erw Steel Tubes and Pipes
Start date and time of board meeting 26-May-2025   11:30:00
End date and time of board meeting 26-May-2025   13:36:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? Yes
Latest Date on which RPT policy is updated 2024-05-11
Indicate Company website link for updated RPT policy of the Company www.hitechpipes.in
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? Yes
No. of times funds raised during the quarter 1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NOT APPLICABLE



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 5715331000 25501928000
Other income 384000 16353000
Total income 5715715000 25518281000
2 Expenses
(a) Cost of materials consumed 4452448000 21153624000
(b) Purchases of stock-in-trade 751234000 2406501000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 37731000 -390182000
(d) Employee benefit expense 61002000 246824000
(e) Finance costs 46161000 337787000
(f) Depreciation, depletion and amortisation expense 38531000 179699000
(f) Other Expenses
1 Other Expenses 108539000 726406000
Total other expenses 108539000 726406000
Total expenses 5495646000 24660659000
3 Total profit before exceptional items and tax 220069000 857622000
4 Exceptional items 0 0
5 Total profit before tax 220069000 857622000
6 Tax expense
7 Current tax 49665000 185167000
8 Deferred tax 7383000 36178000
9 Total tax expenses 57048000 221345000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations 163021000 636277000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period 163021000 636277000
17 Other comprehensive income net of taxes -1449000 -1449000
18 Total Comprehensive Income for the period 161572000 634828000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 203108000 203108000
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve 11669116000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.88 3.47
Diluted earnings (loss) per share from continuing operations 0.88 3.47
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.88 3.47
Diluted earnings (loss) per share from continuing and discontinued operations 0.88 3.47
24 Debt equity ratio 0.0011 0.0011
25 Debt service coverage ratio 0.0331 0.0331
26 Interest service coverage ratio 0.0349 0.0349
27 Disclosure of notes on financial results



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Standalone
Assets
1 Non-current assets
Property, plant and equipment 3114481000
Capital work-in-progress 1516484000
Investment property
Goodwill 0
Other intangible assets 2941000
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 35020000
Non-current financial assets
Non-current investments 28628000
Trade receivables, non-current 0
Loans, non-current 2186522000
Other non-current financial assets 48217000
Total non-current financial assets 2263367000
Deferred tax assets (net) 0
Other non-current assets 632856000
Total non-current assets 7565149000
2 Current assets
Inventories 3099304000
Current financial asset
Current investments 0
Trade receivables, current 2342254000
Cash and cash equivalents 322008000
Bank balance other than cash and cash equivalents 1468232000
Loans, current 0
Other current financial assets
Total current financial assets 4132494000
Current tax assets (net)
Other current assets 1098030000
Total current assets 8329828000
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 15894977000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 203108000
Other equity 11669116000
Total equity attributable to owners of parent 11872224000
Non controlling interest
Total equity 11872224000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 17615000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 36229000
Total non-current financial liabilities 53844000
Provisions, non-current 15039000
Deferred tax liabilities (net) 237694000
Deferred government grants, Non-current
Other non-current liabilities
Total non-current liabilities 306577000
Current liabilities
Current financial liabilities
Borrowings, current 1175825000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 4763000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 2345566000
Total Trade payable 2350329000
Other current financial liabilities 77102000
Total current financial liabilities 3603256000
Other current liabilities 7070000
Provisions, current 48284000
Current tax liabilities (Net) 57566000
Deferred government grants, Current
Total current liabilities 3716176000
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 4022753000
Total equity and liabilites 15894977000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Unaudited Audited
Nature of report standalone or consolidated Standalone Standalone
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurements of post employment benefit obligation -1936000 -1936000
Total Amount of items that will not be reclassified to profit and loss -1936000 -1936000
2 Income tax relating to items that will not be reclassified to profit or loss -487000 -487000
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0 0
5 Total Other comprehensive income -1449000 -1449000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 857622000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 337787000
Adjustments for decrease (increase) in inventories -428415000
Adjustments for decrease (increase) in trade receivables, current 32496000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -773040000
Adjustments for decrease (increase) in other non-current assets -75000
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current 1158803000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities -18060000
Adjustments for increase (decrease) in other non-current liabilities 22508000
Adjustments for depreciation and amortisation expense 179699000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current 0
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 16064000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) 0
Other adjustments for non-cash items -1937000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) 493702000
Net cash flows from (used in) operations 1351324000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 155411000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities 1195913000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 75000
Purchase of property, plant and equipment 1338967000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 1980581000
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 16064000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -1655916000
Net cash flows from (used in) investing activities -4959325000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 4724138000
Proceeds from issuing other equity instruments 1361078000
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 0
Repayments of borrowings 1675631000
Payments of lease liabilities 0
Dividends paid 4004000
Interest paid 337787000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 1054000
Net cash flows from (used in) financing activities 4068848000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 305436000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents 305436000
Cash and cash equivalents cash flow statement at beginning of period 16572000
Cash and cash equivalents cash flow statement at end of period 322008000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 M/s A.N. Garg And Co., Chartered Accoutants Yes 30-Nov-2026


Statement on Deviation or Variation for proceeds of Public Issue, Rights Issue, Preferential Issue, Qualified Institutions Placement Etc. (1)
Mode of Fund Raising QIP
Description of mode of fund raising (Applicable in case of others is selected)
Date of Raising Funds 11-Oct-2024
Amount Raised 5007900000
Report filed for Quarter ended 31-Mar-2025
Monitoring Agency Applicable
Monitoring Agency Name, if applicable CRISIL RATINGS LIMITED
Is there a Deviation / Variation in use of funds raised No
If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders
If Yes, Date of shareholder Approval
Explanation for the Deviation / Variation NA
Comments of the Audit Committee after review NA
Comments of the auditors, if any NA
Sr. Original Object Modified Object, if any Original Allocation Modified allocation, if any Funds Utilised Amount of Deviation/Variation for the quarter according to applicable object Remarks if any
1 Funding capital expenditure requirement for expansion of the existing manufacturing unit at Sanand, Gujarat and setting up a new manufacturing unit at Sri Citv (Chinnapandru), Andhra Pradesh NA 1400000000 0 161200000 0
2 Repayment and/or prepayment, in full or in part, of certain outstanding borrowings availed by our Company NA 2500000000 0 2500000000 0
3 General corporate purposes# NA 818600000 832900000 832900000 0 During the quarter ended December 31, 2024, actual utilisation towards offer related expenses was less than the estimated amount disclosed in the Placement Document, hence the surplus amount of Rs 14.29 million from offer related expenses were transferred to GCP object resulting in increase in GCP amount to Rs 832.89 million and consequential increase in the net proceeds amount.


Signatory Details
Name of signatory ARUN KUMAR
Designation of person Company Secretary
Place NEW DELHI
Date 26-May-2025




Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 HITECH PIPES LTD AJAY KUMAR BANSAL Key Managerial Personal Remuneration 7200000 NO REMARK 7200000 0 0
2 HITECH PIPES LTD ANISH BANSAL Key Managerial Personal Remuneration 6000000 NO REMARK 6000000 0 0
3 HITECH PIPES LTD ARVIND BANSAL Key Managerial Personal Remuneration 1500000 NO REMARK 1500000 0 0
4 HITECH PIPES LTD ARUN KUMAR Key Managerial Personal Remuneration 600000 NO REMARK 600000 0 0
5 HITECH PIPES LTD Mukesh Kumar Garg Independent Director Any other transaction Sitting Fees 180000 NO REMARK 180000 0 0
6 HITECH PIPES LTD Neerja kumar Independent Director Any other transaction Sitting Fees 180000 NO REMARK 180000 0 0
7 HITECH PIPES LTD PRASHANT KUMAR SAXENA Independent Director Any other transaction Sitting Fees 180000 NO REMARK 180000 0 0
8 HITECH PIPES LTD VIVEK GOYAL Independent Director Any other transaction Sitting Fees 180000 NO REMARK 180000 0 0
9 HITECH PIPES LTD HTL METAL PVT LTD Wholly Owned Subsidiary Sale of goods or services 2166000 NO REMARK 2166000 0 0
10 HITECH PIPES LTD HTL ISPAT PVT LTD Wholly Owned Subsidiary Sale of goods or services 75429000 NO REMARK 75429000 0 0
11 HITECH PIPES LTD HTL METAL PVT LTD Wholly Owned Subsidiary Loan 996954000 NO REMARK 996954000 106531000 1103485000 Textual Information(1)
12 HITECH PIPES LTD HTL ISPAT PVT LTD Wholly Owned Subsidiary Loan 650064000 NO REMARK 650064000 191051000 841115000 Textual Information(2)
13 HITECH PIPES LTD HITECH METALEX PVT LTD Wholly Owned Subsidiary Loan 23835000 NO REMARK 23835000 137576000 161411000 Textual Information(3)
14 HITECH PIPES LTD HI-TECH GLOBAL STEELS PVT LTD Wholly Owned Subsidiary Loan 37000000 NO REMARK 37000000 0 37000000 Textual Information(4)
15 HTL ISPAT PVT LTD HITECH PIPES LTD Holding Company Sale of goods or services 1465000 NO REMARK 1465000 0 0
16 HITECH PIPES LTD HITECH METALEX PVT LTD Wholly Owned Subsidiary Sale of goods or services 4020000 NO REMARK 4020000 0 0
17 HTL METAL PVT LTD ANISH BANSAL DIRECTOR Loan 0 NO REMARK 0 4100000 4100000
18 HTL METAL PVT LTD Neerja kumar Independent director Any other transaction Sitting Fees 20000 NO REMARK 20000 0 0
19 HTL METAL PVT LTD AJAY KUMAR BANSAL DIRECTOR Any other transaction Rent 180000 NO REMARK 180000 0 0
20 HTL METAL PVT LTD HTL ISPAT PVT LTD Associates Sale of goods or services 14924000 NO REMARK 14924000 0 0
21 HTL METAL PVT LTD HITECH PIPES LTD Holding Company Sale of goods or services 20358000 NO REMARK 20358000 0 0
22 HITECH METALEX PVT LTD AJAY KUMAR BANSAL DIRECTOR Loan -65000 NO REMARK -65000 65000 0
23 HITECH PIPES LTD PARVEEN BANSAL Relative of Pramoter Any other transaction Rent 990000 NO REMARK 990000 0 0
24 HI-TECH GLOBAL STEELS PVT LTD AJAY KUMAR BANSAL DIRECTOR Loan 14251000 NO REMARK 14251000 0 14251000
Total value of transaction during the reporting period 1857611000



Text Block
Textual Information(1) Loan Taken by HTL Metal Pvt Ltd from Hi-tech Pipes Ltd
Textual Information(2) Loan Taken by HTL Ispat Pvt Ltd from Hi-tech Pipes Ltd
Textual Information(3) Loan taken by Hitech Metalex Pvt Ltd from Hi-tech Pipes Ltd
Textual Information(4) Loan taken by Hi-tech Global Steels Pvt Ltd from Hi-tech Pipes Ltd