Press Release on Audited Financial Results for the quarter and year ended March 31, 2026.
HARIOMPIPE · price
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Hariom Pipe Industries Limited reported strong FY26 results with Revenue from Operations growing 23% YoY to ₹1,666.95 crore. PAT increased 23% YoY to ₹75.83 crore, while EBITDA rose 19% to ₹209.42 crore with margin broadly stable at 12.56%. Operating cash flow improved significantly to ₹192.08 crore, translating into 92% EBITDA-to-OCF conversion. The company reduced inventory days from 128 to 99 and receivable days from 54 to 41. Q4 FY26 showed even stronger momentum with 27% revenue growth and 75% PAT growth. The balance sheet strengthened with Debt/Equity ratio at 0.54x and Net Debt/EBITDA at 1.65x. Value-added products contributed around 98% of revenue.
The company delivered healthy double-digit growth in revenue and profitability with strong cash generation and improved working capital efficiency. The stable EBITDA margin in a competitive steel environment demonstrates effective cost management and pricing discipline, which is positive for shareholders.