Hariom Pipe Industries Limited has reported its audited financial results for the quarter and year ended March 31, 2026. The company recorded a standalone net profit of ₹30.18 crore for the quarter ended March 31, 2026, compared to ₹17.24 crore in the corresponding period of the previous year. For the full fiscal year 2026, the net profit stood at ₹75.83 crore, a 23% increase from ₹61.73 crore in FY25. Revenue from operations for the year ended March 31, 2026, rose to ₹1,666.95 crore from ₹1,357.05 crore in the previous year. The board has recommended a final dividend of ₹0.75 per equity share of face value ₹10 each for the financial year ended March 31, 2026, subject to shareholder approval.

Q4 Performance Highlights

The company's quarterly performance reflected strong year-on-year growth across key metrics. Q4 revenue stood at ₹507.27 crore compared to ₹399.70 crore in the same period of the previous year. EBITDA for the quarter stood at ₹63.87 crore versus ₹48.80 crore in the corresponding quarter, with the EBITDA margin expanding to 12.59% from 12.22% year-on-year. The following table summarises the key Q4 metrics:

Full-Year Financial Performance

The company's total income for FY26 increased to ₹1,680.15 crore from ₹1,359.94 crore in the previous year. Total expenses for the year were reported at ₹1,576.28 crore, up from ₹1,276.84 crore in FY25. The basic earnings per share (EPS) for the year improved to ₹24.49 from ₹20.25 in the prior year. Operating cash flow improved significantly to ₹192.08 crore, translating into approximately 92% EBITDA to cash conversion. The table below presents the full-year financial summary:

Operational and Corporate Developments

The company's performance during FY26 was supported by improved throughput across key manufacturing units and a continued focus on value-added products, which contributed around 98% of revenue. Working capital discipline strengthened, with inventory days reducing from 128 days to 99 days and receivable days reducing from 54 days to 41 days. Net Debt to EBITDA improved to 1.65x, while the Debt Equity Ratio stood at 0.54x as of March 31, 2026.

The Board of Directors approved the re-appointment of M/s. R Kabra & Co, LLP as Statutory Auditors for a second term of five years, subject to shareholder approval. Additionally, the board approved the re-appointment of M/s. Ravi Ladia & Co. as Internal Auditors for the financial year 2026-27. Mr. Yash Gupta has been re-designated as Vice President (VP) – Sponge Division as Senior Management Personnel effective May 22, 2026. The statutory auditors issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

Hariom Pipe Industries has notified stock exchanges of an upcoming board meeting scheduled for Friday, May 22, 2026, pursuant to Regulation 29 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was issued on May 15, 2026, and signed by Company Secretary Rekha Singh.

Board Meeting Details

The board meeting will be held at the Quorum Club, Prism - 1, Gate 6, Elixer Tower, 6th Floor, Sattva Knowledge City, Hyderabad, Telangana 500032, India. The key agenda items to be transacted at the meeting are outlined below:

Trading Window Closure

In accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, read with the company's Code of Conduct to Regulate, Monitor and Report Trading by Designated Persons and their immediate relatives, the trading window for dealing in the securities of Hariom Pipe Industries has been closed since April 01, 2026. The trading window is set to reopen on May 24, 2026 — 48 hours after the announcement of the financial results — with both days inclusive.

The company has also made available a web link for investor reference regarding the notice of the board meeting at https://www.hariompipes.com/investor-relations-notice-of-board-meeting .