Hariom Pipe Industries Limited has informed the Exchange about Transcript
HARIOMPIPE · price
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Hariom Pipe Industries reported a strong Q1 FY26, beating its own 30% volume growth target with sales volumes of 78,221 metric tonnes (up 35% YoY). Revenue from operations rose 34% YoY to ₹460.96 crore, while EBITDA grew 29% YoY to ₹57.58 crore (margin of 12.49%). Profit after tax jumped 35% YoY to ₹23.61 crore, with EPS of ₹7.63. The company reiterated its 30% volume growth guidance for FY26 and 30-35% CAGR for the following two years. Management highlighted its solar structure business (trial orders of ~200 tonnes/month), the newly incorporated Hariom Power Energy subsidiary (60 MW solar PPA signed at ₹2.96/unit for 25 years, deadline September 2026), and improving inventory days (now 89 vs. 128 earlier). EBITDA per tonne stood at ₹7,362, with management confirming this level is sustainable.
Strong quarter with volumes, revenue, and profits all growing 30%+ indicates robust operational momentum. The reaffirmed multi-year growth guidance, debt reduction outlook (long-term debt to become negligible in 2 years), and new solar power subsidiary could support positive investor sentiment.