Hariom Pipe Industries Limited has informed the Exchange about Transcript
HARIOMPIPE · price
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Hariom Pipe Industries reported 21% YoY volume growth to 2.07 lakh tons for 9M FY26, with revenue of ₹1,159.7 crores and EBITDA margin of 12.55% (EBITDA per ton ~₹7,039). Q3 FY26 revenue stood at ₹362.9 crores (vs ₹299.9 crores YoY) with EBITDA margin of 12.47%. Management reaffirmed full-year volume growth guidance of ~30%, expecting 90,000–95,000 tons in Q4, and maintained EBITDA per ton guidance of ₹7,000–₹8,000. The Telangana integrated steel plant is running at near-optimal utilization. The 60 MW solar project under subsidiary Hariom Power and Energy is progressing, with 35 MW expected by April 2026 and the balance by August 2026. A new trading subsidiary, Metal Mart Private Limited (70% held), has been incorporated to serve OEMs in northern and western India, with operations starting in March–April 2026.
Steady operational performance and reaffirmed growth guidance are positive signals, though PAT growth has lagged revenue growth due to higher depreciation and finance costs. Expansion into trading via Metal Mart and renewable energy subsidiary adds optionality but may dilute consolidated margins initially.