Considered and Approved Audited Financial Results (Standalone & Consolidate) for the Quarter and Year ended March 31,2026 along with Audited Report with Unmodified opinion
HARIOMPIPE · price
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Hariom Pipe Industries reported strong FY2026 results with standalone revenue growing 22.8% to Rs 16,670 lakhs from Rs 13,570 lakhs in FY2025. Net profit increased 22.8% to Rs 758 lakhs from Rs 617 lakhs. Basic EPS improved to Rs 20.49 from Rs 20.25. The board recommended a dividend of Rs 0.75 per share (7.5% on Rs 10 face value), aggregating Rs 232.25 lakhs. The company acquired Metal Mart Private Limited as a 70% subsidiary in January 2026 for metals trading. Statutory auditors issued unmodified opinions on both standalone and consolidated results. An emphasis of matter was noted regarding Tamil Nadu Pollution Control Board issuing a temporary closure notice for the Perundurai plant on April 1, 2026; impact is unascertained but management expects it to be temporary with production being handled at the Telangana unit.
The company delivered healthy double-digit revenue and profit growth, indicating strong operational performance. The clean audit opinion and positive operating cash flow of Rs 1,920.84 lakhs are positives. However, investors should monitor the Perundurai plant closure situation and its resolution timeline, as the environmental compliance issue remains unresolved.