New Delhi, June 6 -- Domestic brokerage house SBI Securities has reiterated its 'Buy' rating on Hi-Tech Pipes, assigning a revised target price of Rs.138-an upside potential of 43.4 percent from the current market price of Rs.96.2. The brokerage said the company delivered a strong performance in the March 2025 quarter and remains well-placed for growth, backed by new capacity additions and a rising share of value-added products.

During the March quarter, Hi-Tech Pipes posted consolidated revenue of Rs.733.7 crore, EBITDA of Rs.34.9 crore, and profit after tax (PAT) of Rs.17.6 crore. SBI Securities said revenue and PAT grew by 7.7 percent and 55.8 percent year-on-year, respectively, while EBITDA declined slightly by 1.2 percent. Sales vol...