Hi-Tech Pipes Limited, a leading manufacturer of steel pipes and hollow sections, has reported strong financial results for the first quarter of fiscal year 2026, with record-breaking profitability and steady progress on its expansion plans.

Financial Highlights

The company achieved its highest ever quarterly profit after tax (PAT) of ₹21.00 crore for the quarter ended June 30, 2025. This milestone underscores Hi-Tech Pipes' robust financial performance and operational efficiency.

Key financial metrics for Q1 FY26 include:

The company's EBITDA per ton showed a notable 10% improvement quarter-on-quarter, driven by a better product mix and improved realizations. Revenue decreased from ₹866.00 crore in Q1 FY25, while sales volume increased from 1.22 lakh tons year-over-year.

Expansion Plans and Capacity Enhancement

Hi-Tech Pipes is on track with its capacity expansion initiatives, which will take the company beyond 1 million tons of installed capacity post-commissioning. Two new facilities are nearing completion:

1. Greenfield plant at Sikandrabad: This advanced facility will manufacture specialized ERW pipes catering to infrastructure, defense, and renewable energy sectors. It is expected to begin commercial production in Q2 FY26.

2. Brownfield expansion at Sanand Unit-II Phase 2: Set to commence production in Q2 FY26, this facility will serve as a dedicated manufacturing hub for infrastructure and renewable energy segments.

Both new facilities will have a combined capacity of 250,000 tons annually. The company expects 50% utilization from these new capacities in the first year of operations.

Strategic Focus on Value-Added Products

Hi-Tech Pipes is strategically focusing on increasing its share of value-added products. The company aims to raise the proportion of value-added products from the current 37% to 45% of its total production. This shift is expected to enhance profitability and strengthen the company's market position in high-growth sectors.

Future Outlook

Anish Bansal, Whole-Time Director of Hi-Tech Pipes, expressed optimism about the company's future, stating, "With the commissioning of upcoming capacities, deeper penetration into value-added segments, a growing export footprint, and continued cost discipline, Hi-Tech Pipes is well-positioned to deliver sustainable, scalable, and profitable growth."

The company has set an ambitious target of achieving 2 million tons of installed capacity by FY27, aligning with India's accelerating infrastructure and industrial growth. Additionally, Hi-Tech Pipes is planning a strategic foray into API-grade pipe manufacturing, which aims to significantly increase its share of high-value, precision-engineered products.

As steel price volatility stabilizes, the company anticipates achieving an optimal EBITDA range of ₹4,500.00 to ₹5,000.00 per ton in the medium term.

Hi-Tech Pipes' strong Q1 FY26 performance and strategic expansion plans position the company for continued growth in India's evolving steel pipe and infrastructure sectors.

Hi-Tech Pipes Limited, a leading manufacturer of steel pipes and tubes, has announced its unaudited financial results for the first quarter of the fiscal year 2026, showcasing a remarkable improvement in its financial performance.

Strong Revenue Growth

The company reported a total income from operations of Rs 791.36 crore for the quarter ended June 30, 2025, marking a significant increase from Rs 733.74 crore in the corresponding quarter of the previous year. This represents a year-on-year growth of 7.85% in revenue.

Impressive Profit Surge

Hi-Tech Pipes witnessed a substantial surge in its profitability metrics:

• Net profit after tax skyrocketed to Rs 72.86 crore, up from Rs 17.49 crore in the same quarter last year, representing an impressive growth of 316.01%.
• Net profit before tax also saw a significant rise, reaching Rs 97.99 crore compared to Rs 27.97 crore in Q1 FY25, marking a 250.34% increase.

Enhanced Shareholder Value

The company's strong financial performance translated into improved returns for shareholders:

• Earnings per share (EPS) for the quarter stood at Rs 10.40, compared to Rs 3.98 in the corresponding quarter of the previous year, showcasing a substantial improvement in shareholder value.

Key Financial Metrics

Transparency and Compliance

In line with regulatory requirements, Hi-Tech Pipes has submitted its Monitoring Agency Report for the quarter ended June 30, 2025, regarding the utilization of proceeds from its Qualified Institutional Placement (QIP). The report, prepared by CRISIL Ratings Limited, indicates that the company is utilizing the funds in accordance with the stated objectives, including capital expenditure for expansion and repayment of borrowings.

Outlook

The robust first-quarter performance sets a positive tone for Hi-Tech Pipes Limited in FY26. The company's ability to significantly enhance its profitability while growing its revenue suggests improved operational efficiency and potentially favorable market conditions in the steel pipes and tubes sector.

Investors and stakeholders will likely keep a close watch on the company's performance in the coming quarters to see if this strong growth trajectory can be maintained amidst evolving market dynamics in the infrastructure and construction sectors, which are key demand drivers for Hi-Tech Pipes' products.