The shares of this iron and steel manufacturer gained up to 5% after the company announced its second-quarter result.
With a market capitalization of Rs 1,973.06 crore, Hariom Pipe Industries Ltd, On Monday, The shares were trading at Rs 713 a share, an increase of 2 percent from the previous close price of Rs 699.50 a share.
Looking into the company’s Performance, Hariom Pipe Industries Ltd’s revenue increased by 26 percent on a quarter-on-quarter basis from Rs. 241.2 crores in Q1FY24 to Rs.303.09 crores in Q2 FY24. Further, revenue increased by 138.2 percent on a year-on-year basis from Rs. 127.2 crores Q2FY23 to Rs.303.09 crores Q2FY24.
Hariom Pipe Industries Ltd’s net profit decreased by 4 percent on a quarter-on-quarter basis from Rs. 15.44 crores in Q1FY24 to Rs. 14.77 crores in Q2FY24. Further, net profit increased by 59.33 percent on a year-on-year basis from Rs. 9.27 crores Q2FY23 to Rs.14.77 crores Q2FY24.
Hariom Pipe Industries Ltd’s reported return ratios in the recent financial year with a return on equity (ROE) of 20.67 percent and a return on capital employed (ROCE) of 17.03 percent.
Hariom Pipe Industries Ltd’s recent shareholding pattern, The Promoters of the Company owns 60.91 percent while Retail shareholders own a 36.28 percent stake in the company and Foreign Institutional Investors own a 2.81 percent stake.
The company reported a decrease in the debt-equity ratio from 0.87 percent in FY 2022-23 to 0.86 percent in FY 2023-24.
Hariom Pipe Industries Limited is a well-established integrated steel producer. Their product portfolio is diverse and includes Hot Rolled (HR) Coils, Pipes and Tubes, Scaffolding Systems, and Mild Steel (MS) Billets. Our high-quality products are used in many different industrial sectors.
Written By:- Abhishek Singh
