Indian Hume Pipe Q1 net profit rises 7.5% to ₹23.6 crore
Indian Hume Pipe posted a 7.5% YoY rise in Q1FY26 net profit to ₹23.57 crore, aided by a 60 bps EBITDA margin expansion to 15.43%. While revenue dipped slightly to ₹302.81 crore, reduced finance costs and higher other income boosted profitability. The order book grew to ₹4,730.69 crore, supported by new orders in Rajasthan and Telangana.
*this image is generated using AI for illustrative purposes only.
Indian Hume Pipe reported a ₹23.57 crore net profit for the quarter ended June 30, 2026, marking a 7.5% year-on-year increase from the previous year’s ₹21.92 crore. Revenue from operations remained largely stable at ₹302.81 crore, compared to ₹307.43 crore in the corresponding quarter of FY25.
The company’s operational efficiency improved despite flat top-line growth, with EBITDA rising to ₹46.73 crore from ₹45.60 crore in Q1FY25. This translated into an EBITDA margin expansion of 60 basis points to 15.43% from 14.83% in the prior year period. Profit before tax and exceptional items climbed to ₹31.55 crore, up from ₹29.07 crore previously.
Financial Performance
| Metric: | Q1FY26 | Q1FY25 | Change |
|---|---|---|---|
| Revenue from Operations: | ₹302.81 crore | ₹307.43 crore | -1.5% |
| Total Revenue: | ₹319.78 crore | ₹319.30 crore | +0.1% |
| EBITDA: | ₹46.73 crore | ₹45.60 crore | +2.5% |
| EBITDA Margin: | 15.43% | 14.83% | +60 bps |
| Net Profit: | ₹23.57 crore | ₹21.92 crore | +7.5% |
Other income contributed ₹16.97 crore in Q1FY26, an increase from ₹11.87 crore in the same quarter last year. Tax expenses rose to ₹7.98 crore from ₹7.15 crore.
What the Numbers Show
A key driver of the improved bottom line was the reduction in net finance costs. Treasury income stood at ₹12.57 crore, exceeding finance costs of ₹10.54 crore. This surplus cash flow resulted from the monetization of idle land parcels in Bangalore and Hyderabad, alongside proceeds from real estate development projects in Pune. Consequently, working capital borrowings were substantially lowered, reducing overall borrowing costs.
Order Book and Real Estate Progress
The estimated balance value of the order book increased to ₹4,730.69 crore as of August 4, 2026, from ₹3,944.87 crore as of July 31, 2025. Recent new orders worth ₹630 crore in Rajasthan and ₹459 crore in Telangana are currently at the implementation stage, with execution expected to commence in the third quarter of FY26.
In its real estate segment, progress continues on two major joint development projects in Pune:
- Dosti Greenscapes (Hadapsar): Out of 1,025 units across nine towers, 756 units have been booked with an agreement value of ₹627.05 crore. The company’s share (38%) amounts to ₹238.28 crore, with advances received totaling ₹179.32 crore. Occupation Certificates for five towers are expected in the current financial year.
- Kalpataru Blossoms (Vadgaon): Plot A comprises 470 units with a total RERA carpet area of 5,65,086 sq. ft. As of August 9, 2026, 220 units have been booked with an agreement value of ₹433.28 crore. The company’s share (32.5%) is ₹140.82 crore, with advances received of ₹67.03 crore.
Historical Stock Returns for Indian Hume Pipe
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.52% | +2.10% | -0.82% | +23.97% | +1.47% | +94.74% |
How sustainable is the current EBITDA margin expansion given the flat revenue growth, and will cost optimization efforts continue to drive profitability in Q2FY26?
What is the expected timeline for recognizing revenue from the newly added ₹1,089 crore in orders from Rajasthan and Telangana, and how will this impact FY26 top-line projections?
To what extent will the monetization of idle land parcels and real estate advances contribute to further debt reduction and interest income in the coming quarters?
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