Hariom Pipe Industries has reported robust quarterly results, showcasing significant growth across key metrics and expanding its footprint in the renewable energy sector.

Strong Volume and Revenue Growth

The company delivered impressive quarterly results with sales volumes reaching 78,221 metric tons, marking a substantial 35% year-on-year growth and a 5% sequential increase. This volume growth translated into a 34% surge in revenue from operations, which stood at ₹460.96 crore compared to the same quarter last year.

Profitability Metrics

Hariom Pipe Industries maintained strong profitability during the quarter:

• EBITDA (excluding other income): ₹57.58 crore
• EBITDA margin: 12.49%
• PAT (Profit After Tax): ₹23.61 crore (35% year-on-year increase)
• PAT margin: Improved to 5.11%

Pricing and Product Mix

The company's strategic focus on value-added products has yielded positive results:

• Average selling price: Improved by 9% sequentially to ₹58,931 per metric ton
• Value-added products: Contributed 98% of revenues

Expansion into Solar Sector

Hariom Pipe Industries is making strides in diversifying its product portfolio:

• Commenced trial production of solar structure products
• Secured initial orders of approximately 200 tons per month

Subsidiary's Power Project

The company's subsidiary, Hariom Power Energy, has made significant progress in the renewable energy sector:

• Signed a 25-year Power Purchase Agreement (PPA) with MSEDCL
• Agreement to supply 60 MW solar power at ₹2.96 per unit
• Project completion targeted by September 2026

Management Outlook

The management of Hariom Pipe Industries has provided a positive outlook for the company's performance:

• Confirmed annual volume growth guidance of 30%
• Expects to maintain current EBITDA per ton levels of around ₹7,362

This strong performance and strategic expansion into the solar sector position Hariom Pipe Industries for continued growth in the coming quarters.

Financial Highlights

• Revenue from operations increased by 35% to ₹4,600.64 crore, up from ₹3,431.79 crore in the same quarter last year.
• Net profit rose by 35% to ₹236.14 crore, compared to ₹175.06 crore in Q1 of the previous fiscal year.
• EBITDA improved to ₹576.00 crore from ₹446.00 crore year-over-year.
• EBITDA margin slightly declined to 12.49% from 13% in the previous year.

Quarterly Performance

Hariom Pipe Industries 's unaudited standalone financial results for Q1 reveal a robust performance:

Operational Highlights

• The company has taken on lease land, factory, plant, and machinery from Ultra Pipes, a related party, for a term of 99 years, effective April 1, 2025.
• Cost of materials consumed increased to ₹3,788.55 crore from ₹2,823.00 crore in the corresponding quarter last year.
• Employee benefits expense rose to ₹135.33 crore compared to ₹112.97 crore in Q1 FY2024-25.

Management Commentary

Rupesh Kumar Gupta, Managing Director of Hariom Pipe Industries Limited, stated, "We are pleased to report a strong start to the fiscal year with significant growth in both revenue and profitability. Our strategic initiatives and operational efficiencies have contributed to this performance, positioning us well for sustained growth."

Board Decisions

In a board meeting held on August 8, 2025, several key decisions were made:

1. Approval of unaudited financial results for Q1 FY2025-26.
2. Re-appointment of M/s. Seshadri & Associates as Cost Auditors for FY2025-26.
3. Appointment of Mr. Ansh Golas as a Whole-time Director, designated as Executive Director, for a three-year term.
4. Renaming of the Fund-Raising Committee to Finance & Business Development Committee with expanded scope.
5. Approval for the subsidiary, Hariom Power and Energy Private Limited, to raise equity capital from external investors.
6. Increase in borrowing limit to ₹2,000 crore, subject to shareholder approval.

Future Outlook

With a strong Q1 performance and strategic decisions aimed at future growth, Hariom Pipe Industries appears well-positioned to capitalize on market opportunities. The company's focus on operational excellence and expansion initiatives suggests a positive outlook for the coming quarters.