Hi-Tech Pipes Reports 21% Revenue Growth in Q2 Despite Margin Compression

Hi-Tech Pipes , a leading manufacturer of steel pipes and tubes, has announced its financial results for the second quarter, showcasing strong revenue growth despite facing challenges in profitability.

Key Financial Highlights

Metric	Q2 Current Year	Q2 Previous Year	Year-over-Year Change
Revenue	₹8.60 billion	₹7.10 billion	+21.00%
Net Profit	₹202.00 million	₹181.00 million	+11.60%
EBITDA	₹443.00 million	₹422.00 million	+5.00%
EBITDA Margin	5.16%	5.98%	-82 basis points

Revenue Growth

Hi-Tech Pipes demonstrated robust top-line performance, with revenue surging to ₹8.60 billion in the second quarter, up from ₹7.10 billion in the same period last year. This represents a significant year-over-year growth of 21%, indicating strong demand for the company's products.

Profitability Metrics

The company's consolidated net profit showed improvement, increasing to ₹202.00 million compared to ₹181.00 million in the corresponding quarter of the previous year. This translates to an 11.60% rise in bottom-line performance.

Earnings Before Interest, Tax, Depreciation, and Amortization (EBITDA) also saw growth, reaching ₹443.00 million from ₹422.00 million year-over-year, marking a 5% increase.

Margin Pressure

Despite the growth in absolute EBITDA, Hi-Tech Pipes experienced margin compression. The EBITDA margin contracted to 5.16% from 5.98% in the previous year's corresponding quarter. This 82 basis point reduction in margin suggests that the company faced challenges in maintaining profitability levels, possibly due to increased input costs or competitive pricing pressures.

The divergence between revenue growth and margin performance indicates that while Hi-Tech Pipes successfully expanded its sales, it may need to focus on cost management and operational efficiency to improve profitability ratios in future quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.63%	+1.30%	-8.11%	+13.65%	-35.92%	+721.08%

Bandhan Mutual Fund has significantly increased its stake in Hi-Tech Pipes Limited, a move that highlights the fund's growing interest in the company. The transaction, which took place on October 23, 2025, saw Bandhan Mutual Fund acquire a substantial number of shares through open market purchases.

Key Details of the Acquisition

Aspect	Details
Shares Acquired	2,40,000 equity shares
Increase in Holding	2.08% of paid-up capital
Previous Stake	5.03%
New Total Stake	7.11%

The acquisition was executed through two of Bandhan Mutual Fund's schemes:

Bandhan Large & Mid Cap Fund
Bandhan Small Cap Fund

About Hi-Tech Pipes Limited

Hi-Tech Pipes Limited, a company listed on both the BSE Limited and National Stock Exchange of India, has an equity structure worth noting:

Aspect	Details
Equity Share Capital	Rs. 20,31,07,734
Face Value per Share	Rs. 1

Implications of the Stake Increase

This substantial increase in Bandhan Mutual Fund's stake in Hi-Tech Pipes Limited may indicate a positive outlook on the company's potential. For investors and market watchers, such moves by institutional investors often serve as signals of confidence in a company's prospects.

However, it's important to note that this transaction represents a snapshot of the fund's investment strategy at a specific point in time. Investors should always conduct their own research and consider multiple factors before making investment decisions.

As the market continues to evolve, it will be interesting to observe how this increased stake may influence both Hi-Tech Pipes' performance and Bandhan Mutual Fund's portfolio in the coming months.