Submission of Monitoring Agency Report issued by ICRA Limited for the quarter ended March 31, 2025.
HARIOMPIPE · price
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Hariom Pipe Industries' board met on May 9, 2025 and approved audited standalone and consolidated results for Q4 and FY ended March 31, 2025, carrying an unmodified (clean) opinion from statutory auditors R Kabra & Co LLP. Full-year revenue from operations grew to Rs 1,35,704.88 lakhs from Rs 1,15,318.77 lakhs (~17.7% YoY), while net profit rose to Rs 6,172.60 lakhs from Rs 5,679.95 lakhs (~8.7% YoY). Q4 revenue jumped to Rs 39,970.31 lakhs vs Rs 33,092.04 lakhs in Q4 FY24. The board recommended a final dividend of Rs 0.61 per share (6.1%) on a Rs 10 face value. The company also received a Letter of Award from MSEDCL for a 60 MW solar PV project under the PM-KUSUM scheme and incorporated a wholly owned subsidiary, Hariom Power and Energy Private Limited, to execute it. Operating cash flow improved sharply to Rs 7,863.26 lakhs (vs Rs 495.54 lakhs in FY24).
Clean audit, double-digit revenue growth, a maiden solar foray via the new subsidiary, and a 6.1% dividend are positive for shareholders. The 99-year lease extension on the Ultra Pipes facility and CRISIL A-/A2+ ratings reinforce expansion visibility, though PAT growth at ~9% lags revenue growth, indicating margin pressure from higher finance and depreciation costs.