Hi-tech Pipes Ltd

Page 10 of 11 Can you just share the interest which has been more or less at flat 140 crores quarter-on-quarter, revenue has moved up by 180. So, what is the steps taken in Working Capital Cycle to improve this or how much is towards the new plant which you commissioned if you can give that break up and is this interest 14 crore likely to be sustainable or will it further increase with Working Capital needs?

Yes, Sir, I think it is towards its peak side. We have done like 45% growth in volume for this quarter. So, like proportionally it is in the same band.

No, it is not. No, that is what I am saying. Q4 revenue was 681 and Q1 is 866 whereas interest is flat at 14 crores.

Yes. So, that is what I am saying. It is like, the interest cost and the debt part is towards. It is picking out basically because the expansion the new plants are also in the advanced stages of commissioning. So, I think this is towards its peak side.

Is there any change for working capital in the 1st Quarter?

Sir on H1 basis, I think we will be meeting our maintaining net working capital cycle days at around 45 days.

Thank you. The next question is from the line of Pradeep Rawat from Yoga Capital. Please go So, do we provide any order book or bid pipeline numbers?

So, currently we are having almost like 1.5 months of order book in hand, and these are like recurring orders. So, the orders keep getting executed and they are replenishing at the same time.

So, we do not provide any order book as to say but we have a healthy like orders in hand. so, maybe from the distribution side.

Yes. So, as you said, these are recurring orders. So, we do not bid for any kind of projects, right?

So, basically the bidding is well out of the total outlay the bidding is very less where the timelines are 3 to 4 months. So, our focus is the orders, which get executed within 2 months.

Okay and do we hedge our raw material cost or is it something different. Like, I do not have an understanding on this. So, how do we maintain our margins constantly? So, can you throw some light on that?

So, sir, you are absolutely right. As we are in the conversion phase, so basically whatever orders we get in hand. So, we try to book our raw material back-to-back, so that we get at least affected by the raw material fluctuations.

Page 11 of 11 Thank you. The next question is from the line of Krishna, an individual investor. Please go Sir, our solar plant is going to be commissioned by end of October, so after commission of solar plants, so how many basis point of margin expansion can be seen in the Q4?

So, sir, yes, we will complete this solar power plant expansion by September or latest by October, given the monsoon period and there will be significant cost savings from the energy side. We expect the total Energy Cost Savings by 25 to 30% for that particular plant.

Okay, got it, Sir, actually, there are some connection issue, I could not hear your revenue guidance properly. So, you said 3500 for FY25, right, if I am not wrong? Yes, Sir.

Okay and sir, since we are from Sanand Unit , we are increasing our value-added products. So, we can expect some increase in the margin also right in this.

Yes and let us hope for the best. I think after September, the market demand will be significantly higher given the government CAPEX. After the budget, the allocations will go up and we are really optimistic, and we are bullish about the H2.

Okay, sir regarding the Bullet Train Project in your PPT, you mentioned that we are also proud supplier for the Bullet Train Project, right? So, the project is still in the process only. So, are we still supplying to this project?

Yes, sir. That is ongoing. I think it will go on till the end of this Financial Year.

So, as there are no further questions, I would now like to hand the conference over to Mr. Anish Bansal for closing comments.

So, thank you everyone in closing, I would like to say that our achievements for this quarter are a testament to the dedication and hard work of our team, the strategic foresight of our leadership and the unwavering support of our stakeholders. We are poised for a robust future and remain committed to advancing our growth, innovation and excellence. Thank you for your continued support and belief in our vision. Together, we are building a stronger and more prosperous future. Thank you.

Thank you, sir. On behalf of Hi-Tech Pipes Limited that concludes this conference. Thank you for joining us and you may now disconnect your line.