Hi-Tech Pipes sales volume rises 26% YoY to 1,56,136 MT in Q1FY27

Hi-Tech Pipes Limited reported a record sales volume of 1,56,136 MT in Q1FY27, reflecting a 26% year-on-year growth driven by demand from infrastructure and construction sectors.

The company achieved its highest-ever quarterly sales volume during the period, compared to 1,24,027 MT in Q1FY26. On a quarter-on-quarter basis, sales volume grew by 6% from 1,47,127 MT in Q4FY26.

Operational Performance

The growth in volumes was supported by the company's diversified product portfolio, expanded capacities, and strong customer relationships. Hi-Tech Pipes operates 8 state-of-the-art integrated manufacturing facilities with an installed capacity of 10,50,000 MTPA on a consolidated basis.

Metric	Value
Sales Volume (Q1FY27)	1,56,136 MT
YoY Growth	26%
QoQ Growth	6%
Installed Capacity	10,50,000 MTPA

The company aims to reach a capacity of 2 million tonnes by FY29. It maintains a direct marketing presence in over 20 states with more than 550 dealers and distributors across India.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.01%	-0.46%	+3.60%	-5.74%	-9.87%	+116.14%

Hi-Tech Pipes has corrected a clerical error in the explanatory statement of its postal ballot notice regarding the preferential issuance of 90,00,000 fully convertible equity warrants to promoter group persons. The company clarified that the percentage of post-issue offer capital for proposed allottees Aks Buildcon Private Limited and Hi-tech Agrovision Private Limited was inadvertently interchanged in the notice dated May 28, 2026.

The preferential issue of 90,00,000 warrants was approved by shareholders through a remote e-voting process that concluded on June 28, 2026. The special resolution received 84.26% of the total valid votes in favour, with 97,501,116 votes supporting the resolution against 18,219,754 votes opposing it. The voting results were scrutinized by M/s. NSP & Associates.

Corrected Allotment Details

The company has provided the revised breakdown of the warrant allocation and the corrected percentage of post-issue offer capital for each allottee. The total issue size remains unchanged at 90,00,000 warrants.

Name of the Proposed Allottee(s)	No. of Fully Convertible Warrants	% of the post issue offer capital
Mr. Vipul Bansal	20,00,000	0.94
Aks Buildcon Private Limited	40,00,000	1.89
Hi-tech Agrovision Private Limited	30,00,000	1.41

The company confirmed that the post-preferential holding calculations assuming full conversion, detailed in point Q of the explanatory statement, were accurate and remain unchanged. The calculations indicate that Aks Buildcon Private Limited will hold 5.90% of the post-preferential capital, while Hi-tech Agrovision Private Limited will hold 5.26%.