Approval of appointment of M/s. Ravi Ladia & Co., Chartered Accountant as Internal Auditor of the Company and redesignation of individual as Senior Managerial Personnel of the Company
HARIOMPIPE · price
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Hariom Pipe Industries reported FY25 standalone revenue of Rs 1,35,704.88 lakhs, up about 18% from Rs 1,15,318.77 lakhs in FY24, with net profit rising to Rs 6,172.60 lakhs (vs Rs 5,679.95 lakhs). Q4 FY25 revenue grew 33% year-on-year to Rs 39,970.31 lakhs. The Board recommended a final dividend of Rs 0.61 per share (6.1%) subject to shareholder approval. The Board also appointed M/s. Ravi Ladia & Co. as Internal Auditor for FY25-26 and re-designated four employees as Senior Management Personnel, while extending the Ultra Pipes manufacturing facility lease from 40 to 99 years.
Strong revenue and profit growth with a modest dividend is broadly positive for shareholders. The new subsidiary for a 60 MW solar project and long-term lease extension signal capacity expansion in renewables, which could support future growth but also raise execution risk.