Considered and Approved the Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and year ended March 31,2026 along with the Audited Reports with Unmodified ....
HARIOMPIPE · price
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Hariom Pipe Industries reported strong FY2026 results with standalone revenue of Rs. 16,669.54 lakhs, up 22.8% from Rs. 13,570.49 lakhs in FY2025. Net profit grew to Rs. 758.28 lakhs from Rs. 617.26 lakhs, an increase of about 22.9%. Basic EPS improved to Rs. 24.49 from Rs. 20.25. The Board recommended a final dividend of Rs. 0.75 per share (7.5% on face value). Statutory auditors issued an unmodified opinion, but drew attention to a temporary closure notice from Tamil Nadu Pollution Control Board for the Perundurai plant (April 2026), with impact not yet ascertained. The company initiated corrective measures and is using its Telangana unit to mitigate. A new subsidiary, Metal Mart Private Limited (70% stake), was also consolidated this year.
Strong revenue and profit growth demonstrates solid operational performance. The TNPCB closure notice for the Perundurai plant is a risk factor requiring monitoring, though management expects it to be temporary. Positive cash flow from operations (Rs. 19,208.44 lakhs) and dividend recommendation are positive signals for shareholders.