Hi-Tech Pipes Ltd

Hi-Tech Pipes Ltd share price inched up 0.31% to Rs 84.09 after the company's net profit registered a growth of 13.86% to Rs 20.04 crore, while revenue from operations slipped slightly by 4.56% to Rs 1412.8 crore in Q2FY26 over Q1FY26. The market capitalization of Iron & Steel Products industry group stocks on BSE stood at Rs 3.22 lakh crore, rising 0.18%. It has eased by 0.55% over last one week and moved up slightly by 4.52% in last one month while the market capitalization of Hi-Tech Pipes Ltd has slipped by 1.45% and 2.35% in the same period respectively. Profit before tax (PBT) of Hi-Tech Pipes Ltd stood at Rs 26.48 crore in Q2 FY26, declining 5.33% year-on-year, and heading higher 14.04% quarter-on-quarter. EBITDA came in at Rs 49 crore, jumping 21.75% YoY and gaining 5.99% sequentially. Total expenses softened by 4.89% to Rs 1371.21 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 1052.96 crore, growing marginally by 1.92% YoY, while employee benefits expense was at Rs 9.24 crore, slipping by 2.01% YoY. For the TTM ended FY26, revenue from operations rose 13.65% to Rs 3067.64 crore, while net profit soared by 66.06% to Rs 72.95 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 11811% to Rs 158.14 crore, and PBT surged 66.96% to Rs 97.99 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 69.83 crore in FY26, as against Rs 95.19 crore in FY25. Hi-Tech Pipes Ltd slipped 3.91% in last one year, performing in line with the benchmark BSE Sensex which has slipped by 3.04% during the same period.

Net profit of Hi-Tech Pipes declined 0.17% to Rs 17.60 crore in the quarter ended March 2026 as against Rs 17.63 crore during the previous quarter ended March 2025. Sales rose 101.76% to Rs 1480.36 crore in the quarter ended March 2026 as against Rs 733.74 crore during the previous quarter ended March 2025. For the full year,net profit rose 4.40% to Rs 76.16 crore in the year ended March 2026 as against Rs 72.95 crore during the previous year ended March 2025. Sales rose 36.92% to Rs 4200.07 crore in the year ended March 2026 as against Rs 3067.64 crore during the previous year ended March 2025. ParticularsQuarter EndedYear EndedMar. 2026Mar. 2025% Var.Mar. 2026Mar. 2025% Var. Sales1480.36733.74 102 4200.073067.64 37 OPM %3.134.76 -4.135.22 - PBDT30.8428.34 9 128.57118.91 8 PBT23.2224.08 -4 101.4797.99 4 NP17.6017.63 0 76.1672.95 4 Powered by Capital Market - Live

Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 28 May 2026.

Sequentially, volumes increased around 8% from 1,36,067 MT recorded in Q3 FY26. For the full year FY26, the company reported total sales of 5,32,437 MT, up about 10% from 4,85,447 MT in FY25. The volume growth was driven by strong demand across the company's ERW steel pipe and tube segments, supporting its ongoing expansion in both domestic and industrial markets. Ajay Kumar Bansal, managing director (MD), Hi-Tech Pipes, said: 'We are pleased to report a strong operational performance in Q4FY28, with sales volume increasing by approximately 27% YoY to 1,47,125 MT and 8% sequentially over Q3FY26, marking the highest ever quarterly sales volume achieved by the Company. For the full year FY26, the company recorded a sales volume of 5,32,437 MT, reflecting a growth of around 10% over FY25 and achieving the highest ever annual sales volume. This performance underscores our focus on operational efficiency, capacity utilization, and strengthening market presence. We remain optimistic about the demand outlook and are well-positioned to sustain this growth momentum going forward. Hi-Tech Pipes is one of the leading steel tubes and pipes manufacturers in India. It provides innovative products for nearly four decades with a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC Sheets, color coated coils and a variety of other galvanised products. Hi-Tech Pipes has reported 14.2% fall in consolidated net profit to Rs 17.38 crore despite a 24.6% increase in net revenue from operations to Rs 1,069.58 crore in Q3 FY26 as compared with Q3 FY25.

The Sikandrabad facility hosts a production capacity of 0.12 million tons. It would specialise in the production on ERW pipes and hollow sections. With the commencement of commercial production at Sikandrabad, and supported by recently commissioned capacities at other locations, the company has raised its total installed annual capacity to 1.05 million tons. Ajay Kumar Bansal, chairman and managing director, Hi-Tech Pipes, said: 'With this commissioning, we have reached the important milestone of 1 million ton of installed capacity, reflecting our disciplined execution and long-term strategic vision. As we move ahead, we are actively gearing up for the next phase of expansion, targeting an additional 1 million tons of capacity.' Hi-Tech Pipes had announced its earnings for the December quarter on Saturday (07 February 2026). The company has reported 14.2% fall in consolidated net profit to Rs 17.38 crore despite a 24.6% increase in net revenue from operations to Rs 1,069.58 crore in Q3 FY26 as compared with Q3 FY25. Total expenses for the period under review aggregated to Rs 1,046.63 crore, up 25.7% YoY. Profit before tax in Q3 FY26 stood at Rs 23.20 crore, down by 14.3% from Rs 27.06 crore recorded in Q3 FY25. Hi-Tech Pipes is one of the leading steel tubes and pipes manufacturers in India. It provides innovative products for nearly four decades with a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC Sheets, color coated coils and a variety of other galvanised products. Powered by Capital Market - Live

Hi-Tech Pipes has commenced commercial production at its 1,20,000 MTPA capacity greenfield manufacturing facility (Unit 3) at Sikandrabad, Uttar Pradesh. With this, the company has achieved a landmark milestone of 1 million tons of installed annual capacity. Powered by Capital Market - Live

Net profit of Hi-Tech Pipes declined 9.19% to Rs 17.39 crore in the quarter ended December 2025 as against Rs 19.15 crore during the previous quarter ended December 2024. Sales rose 40.55% to Rs 1069.59 crore in the quarter ended December 2025 as against Rs 761.02 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1069.59761.02 41 OPM %3.925.29 - PBDT29.8831.85 -6 PBT23.2125.59 -9 NP17.3919.15 -9 Powered by Capital Market - Live

Total expenses for the period under review aggregated to Rs 1,046.63 crore, up 25.7% YoY. Profit before tax in Q3 FY26 stood at Rs 23.20 crore, down by 14.3% from Rs 27.06 crore recorded in Q3 FY25. Hi-Tech Pipes is one of the leading steel tubes and pipes manufacturers in India. It provides innovative products for nearly four decades with a strong presence in steel pipes, hollow sections, tubes, cold rolled coils & strips, road crash barriers, solar mounting structures, GP/GC Sheets, color coated coils and a variety of other galvanised products. The scrip had shed 0.12% to end at Rs 80.79 on the BSE on Friday. Powered by Capital Market - Live

Hi-Tech Pipes will hold a meeting of the Board of Directors of the Company on 7 February 2026.Powered by Capital Market - Live

Hi-Tech Pipes announced the commencement of commercial production at its greenfield manufacturing facility at Kathua, J&K. The Kathua facility has an installed capacity of 80,000 tonnes per annum (MTPA) and is designed to manufacture ERW steel pipes as well as coated and other value-added steel products. The plant has been developed with modern manufacturing infrastructure, enhanced automation, and robust quality-control systems, enabling the Company to meet stringent customer specifications and evolving industry standards. With the commissioning of the Kathua facility, Hi-Tech Pipes is now very close to achieving 1 million tonnes of installed manufacturing capacity, reinforcing its position as one of the fastest-growing steel tube and pipe manufacturers in the country. The commissioning of this Greenfield plant aligns closely with the Company's strategic focus on increasing the share of value-added products (VAPs) in its overall sales mix. With greater emphasis on coated and specialized steel offerings, Hi-Tech Pipes expects to benefit from an improved product mix, enhanced realizations, and better EBITDA per tonne over the medium to long term. The newly commissioned capacity is expected to begin contributing meaningfully from mid of Q4FY26 onwards, supporting both volume growth and profitability.Powered by Capital Market - Live