Hariom Pipe Industries reported a decline in profitability and revenue for the first quarter of FY27, with net profit falling 26.3% year-on-year to ₹1,736.36 million on a standalone basis. The capital goods manufacturer’s topline contracted by approximately 6.7% to ₹43,122.81 million, reflecting softer operational performance compared to the same period last year. The company’s board of directors approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, on August 12, 2026.

Financial Performance

The company saw its earnings before interest, tax, depreciation, and amortisation (EBITDA) drop to ₹4,992.16 million from ₹5,758.38 million in the corresponding quarter of the previous fiscal. This decline was accompanied by a compression in operating margins, which narrowed to 11.58% from 12.45% year-ago. On a consolidated basis, revenue stood at ₹43,054.38 million, with EBITDA at ₹4,989.78 million and net profit at ₹1,659.78 million.

What the Numbers Show

The divergence between the revenue decline (-6.7%) and the sharper fall in net profit (-26.3%) indicates significant margin pressure during the quarter. While top-line growth slowed, the contraction in EBITDA margin by 87 basis points suggests that cost efficiencies or pricing power did not fully offset input cost pressures or volume declines. This operating leverage worked against the company, amplifying the impact of lower sales on the bottom line. Basic earnings per share (EPS) fell to ₹5.61 from ₹7.63 in the previous year, aligning with the broader trend of compressed profitability across both standalone and consolidated structures.

Hariom Pipe Industries Limited has informed the stock exchanges of the resignation of Sanjay Madanlalji Bhansali from the position of Chief Operations Officer (COO) and Senior Management Personnel (SMP) of the company. The resignation was submitted by Bhansali citing personal reasons, with effect from the close of business hours on August 10, 2026. The intimation was filed by the company's Company Secretary and Compliance Officer, Rekha Singh, on August 11, 2026, in accordance with applicable regulatory requirements.

Regulatory Disclosure

The company made this disclosure pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Part A of Schedule III thereto, and SEBI Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The following key details were disclosed as part of the regulatory annexure:

Resignation Letter Highlights

In his resignation letter dated August 10, 2026, addressed to the HR Head of Hariom Pipe Industries Limited, Bhansali formally tendered his resignation from the position of COO. He expressed gratitude to the management and colleagues for the opportunities, guidance, support, and professional experience extended to him during his tenure. Bhansali described his association with the organisation as a meaningful and enriching journey and extended his best wishes to the company for its continued growth and success.

Company Background

Hariom Pipe Industries Limited is headquartered at 3-4-174/12/2, 'Samarpan', 1st Floor, Near Pillar No. 125, Attapur, Rajendranagar, K.V. Rangareddy, Hyderabad, Telangana – 500048. The company's manufacturing facility is located at Survey No. 39/58/62&63, Sheriguda (V), Balanagar (M), Mahabubnagar Dist, 509202, Telangana. The intimation has also been made available on the company's website at www.hariompipes.com .