Hi-Tech Pipes Limited announced its highest-ever sales volume for the second quarter of fiscal year 2027 (Q2FY27), clocking 1,65,016 MT. This represents a 32% year-on-year (YoY) growth compared to the previous year's corresponding quarter.

The company disclosed these operational metrics in a press release dated October 5, 2026, filed with the National Stock Exchange and BSE under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The strong volume performance underscores robust demand for the company's steel pipes and hollow sections across domestic markets.

Quarterly and Half-Year Performance

The manufacturer of ERW steel pipes achieved significant momentum in both the quarterly and half-yearly segments. In Q2FY27, sales volumes grew by 6% on a quarter-on-quarter (QoQ) basis from 1,56,136 MT recorded in Q1FY27. For the first half of FY27 (H1FY27), the company recorded a total sales volume of 3,21,152 MT, marking a 29% YoY increase against 2,49,245 MT in H1FY26.

What the Numbers Show

The divergence between the stronger YoY growth rate (32%) and the more moderate QoQ growth (6%) suggests that while the annual comparison base was significantly lower, sequential momentum has stabilized at a higher absolute level. The H1FY27 volume of 3,21,152 MT is nearly double the Q2FY27 figure, indicating consistent production capacity utilization throughout the first half. This steady sequential progression from Q1 to Q2 supports the company's stated goal of reaching a 2 million tonne capacity by FY29, as current run rates are aligning with expansion targets.

Company Profile and Capacity

Hi-Tech Pipes operates eight integrated manufacturing facilities located in Sikandrabad (Uttar Pradesh), Sanand (Gujarat), Hindupur (Andhra Pradesh), Khopoli (Maharashtra), and Kathua (Jammu & Kashmir). The company has an installed capacity of 10,50,000 MTPA on a consolidated basis. Its product portfolio includes MS pipes, hollow sections, GI and GP pipes, CR coils, and solar mounting structures, supported by a distribution network of over 550 dealers across more than 20 states.

Hi-Tech Pipes Limited shareholders approved all three agenda items at the 42nd Annual General Meeting held on September 28, 2026, with a voting majority exceeding 99.99% on each resolution.

The meeting, conducted via Video Conferencing, commenced at 11:45 am and concluded at 12:50 pm. A total of 175 members attended the virtual session. The proceedings complied with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key resolutions and voting outcomes

The Board tabled three primary items for shareholder approval, all decided via e-voting. The consolidated voting results, filed on September 29, 2026, confirm the adoption of FY26 financial statements, the reappointment of Kamleshwar Prasad as Whole-Time Director, and the ratification of cost auditor remuneration.

One shareholder, M/s Quadrature Capital Vector SP Limited, holding 1,00,729 shares, abstained from voting on all resolutions. These votes were treated as invalid/no voting. No votes were cast against the adoption of financial statements, while minimal dissent was recorded for the director reappointment and auditor ratification.

Leadership and attendance

The meeting was chaired by Ajay Kumar Bansal, Chairman and Managing Director. Several key managerial personnel and independent directors were present to address shareholder queries regarding the company's performance and future outlook.

• Ajay Kumar Bansal: Chairman and Managing Director
• Anish Bansal: Whole-Time Director; Chairperson of Risk Management and CSR Committees
• Neerja Kumar: Non-Executive Independent Director; Chairperson of Audit Committee
• Prashant Kumar Saxena: Non-Executive Independent Director; Chairperson of Stakeholder Relationship Committee
• Vivek Goyal: Non-Executive Independent Director; Chairperson of Nomination and Remuneration Committee
• Arvind Kumar Bansal: Chief Financial Officer
• Arun Kumar: Company Secretary and Compliance Officer

Kamleshwar Prasad, Whole-Time Director, and Mukesh Kumar Garg, Non-Executive and Independent Director, were unable to attend due to unavoidable circumstances. Statutory auditors from M/s. A. N. Garg & Co. Chartered Accountants and scrutinizer Naveen Shree Pandey from M/s. NSP & Associates also participated.

Management commentary

During the address, management highlighted the company's strong growth trajectory. Anish Bansal provided an overview of the company’s performance during the year, while Ajay Kumar Bansal shared views on future prospects. The Chairman thanked shareholders for their continued support and trust in the organization.

The e-voting facility remained open for 30 minutes post-meeting to allow present members to cast their votes. Results and the scrutinizer's report have been disclosed to stock exchanges and posted on the company website.