Hariom Pipe Industries Limited has informed the Exchange regarding Outcome of Board Meeting held on May 09, 2025.
HARIOMPIPE · price
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On the reaction day the stock moved 7.0 pts less than Nifty Microcap 250 and 6.9 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Hariom Pipe Industries Limited reported audited standalone and consolidated results for Q4 and FY ended March 31, 2025, with statutory auditor R Kabra & Co LLP issuing an unmodified opinion. Standalone FY25 revenue rose ~17.7% YoY to ₹1,35,705 lakhs and net profit grew ~8.7% to ₹6,173 lakhs. Q4 FY25 was sharply stronger: revenue jumped ~33% YoY to ₹39,970 lakhs and net profit surged ~53% YoY to ₹1,724 lakhs, with Q4 EPS at ₹5.66 versus ₹3.68 a year ago. The board recommended a final dividend of ₹0.61 per share (6.1% on face value of ₹10) subject to shareholder approval. Other key decisions include extending the Ultra Pipes manufacturing lease from 40 to 99 years, incorporating a wholly owned subsidiary (Hariom Power and Energy Pvt Ltd) for a 60 MW solar project awarded by MSEDCL, Crisil reaffirming A-/A2+ ratings, and appointment of M/s. Ravi Ladia & Co. as internal auditors for FY26.
Strong Q4 performance and the maiden dividend signal improving cash generation, while the long-tenure lease extension and entry into solar power point to capacity expansion and diversification. These positives may support sentiment, though investors should note that full-year topline growth was moderate at under 18%.