Indian Hume Pipe Company Limited has informed the Exchange regarding a press release dated February 12, 2026, titled "Regulation 30 of SEBI (LODR) Regulations, 2015 Press Release ".
INDIANHUME · price
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Awaiting price reaction for this filing.
Indian Hume Pipe reported Q3 FY26 revenue from operations of Rs 282.06 Cr, down ~26% from Rs 380.62 Cr in Q3 FY25, hurt by delayed billing cycles in Jal Jeevan Mission and Bhagiratha projects. However, EBITDA margin improved to 11.56% from 10.36%, supported by a 56% YoY jump in manufacturing product sales. Net profit surged to Rs 61.51 Cr (vs Rs 14.37 Cr) boosted by a Rs 64.34 Cr exceptional gain from sale of surplus land in Hyderabad for Rs 173.96 Cr. For 9M FY26, net profit doubled to Rs 118.13 Cr from Rs 58.76 Cr. The company has received Rs 164.26 Cr in cash flows from its real estate joint developments with Dosti Realty and Kalpataru in Pune, and its order book stands at Rs 3,549 Cr with an additional L1 status on a Rs 625.94 Cr project. Long-term credit rating was upgraded to A (stable) and short-term to A1.
The headline net profit jump is largely driven by a one-time land sale gain rather than core operations, which actually saw revenue decline. However, the improved manufacturing margins, credit rating upgrade, and strong cash inflows from real estate monetisation are positive signals. Short-term stock reaction may be positive on the profit beat, but investors should watch for recovery in core pipeline project billings as budget allocations to Jal Jeevan Mission pick up in FY27.