Outcome of the Board Meeting dated May 28, 2026
HITECH · price
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Hi-Tech Pipes Ltd board approved audited FY26 results with consolidated revenue of Rs 4,20,007 Lakhs, up 37% YoY from Rs 3,06,764 Lakhs. Consolidated PAT grew modest 4.4% to Rs 7,616 Lakhs from Rs 7,295 Lakhs. Standalone PAT was Rs 6,416 Lakhs vs Rs 6,363 Lakhs. The board approved issuance of 90 lakh fully convertible equity warrants to promoter group (Vipul Bansal, AKS Buildcon, Hi-Tech Agrovision) at Rs 100 per warrant, subject to shareholder approval. Statutory auditors gave unmodified (clean) opinion on both standalone and consolidated results. The company also acquired 100% of Sain Software Systems Pvt Ltd on March 31, 2026.
Strong topline growth of 37% in revenue is positive, but PAT growth of only 4.4% suggests margin compression due to higher input costs and finance costs. Operating cash flow dropped significantly to Rs 332 Lakhs from Rs 6,983 Lakhs due to working capital buildup. Promoter warrant issuance dilutes equity but signals promoter confidence.