Hi-Tech Pipes Limited has informed the Exchange about Transcript
HITECH · price
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Hi-Tech Pipes posted its highest-ever quarterly profit of INR 21 crore in Q1 FY26 on revenue of INR 791 crore (down from INR 866 crore YoY due to lower steel prices). Sales volume rose slightly to 1.24 lakh tons, and EBITDA per ton improved 10% sequentially to INR 3,308 on a better product mix. Management highlighted that two new facilities — a greenfield plant at Sikandrabad and a brownfield expansion at Sanand Unit-II Phase 2 — are set to commission in Q2 FY26, adding ~250,000 tons of annual capacity, with a first-year utilisation target of 50%. The company guided to FY26 volumes of 5.5–6 lakh tons and said value-added products' share of revenue could rise from 37–38% to above 45% with the new capacity.
Short-term revenue is being squeezed by global steel price volatility, but capacity-led volume growth and a richer product mix (renewable energy, defence, API-grade pipes) should support earnings expansion. Investors should watch the commissioning timeline of the two plants in Q2 FY26 and any stabilisation in steel prices, both of which are key to hitting the INR 4,000–5,000 per-ton EBITDA target.