Indian Hume Pipe Company Limited has informed the Exchange regarding a press release dated May 14, 2026, titled "Regulation 30 of Press Release - SEBI (LODR) Regulations, 2015".
INDIANHUME · price
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Indian Hume Pipe reported total revenue of INR 1,350.39 Cr for FY2026, down 10% from INR 1,500.17 Cr in the prior year, due to extended monsoon and delayed billing cycles in Jal Jeevan Mission and Bhagiratha projects, leading to selective project execution in some states. However, EBITDA margin expanded by 152 basis points to 14.60% (vs 13.08% last year), driven by stronger demand for manufacturing products which grew 28% YoY. Net profit for the year stood at INR 141.11 Cr, compared to INR 558.05 Cr in the prior year which included a large exceptional item of INR 545.22 Cr from land sale; the normalised PBT before exceptional items was INR 123.35 Cr vs INR 118.07 Cr (up ~4.5%). The company also monetised surplus land at Hyderabad for INR 173.96 Cr (gain of INR 64.33 Cr shown as exceptional item), reduced borrowings by INR 14.93 Cr to INR 47.42 Cr, and received INR 198.87 Cr in cash flows from its real estate joint development projects with Dosti Realty and Kalpataru. Credit ratings were upgraded to A/stable and A1.
Revenue decline of ~12.5% YoY is a near-term headwind, but expanding EBITDA margins, a robust order book of INR 4,119 Cr, land monetisation proceeds, and a strengthened balance sheet with improved credit ratings provide positive long-term signals for shareholders.