Hi-Tech Pipes reports strong Q2 and H1 revenue growth, strategic expansion

Hi-Tech Pipes Limited reported an impressive 21.66% year-over-year revenue increase to INR858.77 Crore in Q2 FY26. EBITDA for the quarter also grew by 5.08% to INR44.33 Crore, with sales volumes rising 1.78% to 1.25 Lakh tonnes. For H1 FY26, total income from operations reached INR1,65,012.71 Lacs, a 4.91% increase from H1 FY25, while Profit After Tax (PAT) surged by 13.91% to INR4,117.88 Lacs.

The company is strategically expanding its manufacturing capabilities, aiming for 1 million tonnes of installed capacity by FY26 and 2 million tonnes by FY29. The Greenfield Facility at Sikandrabad is nearing commercial launch in Q3 FY26, focusing on specialized ERW steel pipes for high-growth sectors like infrastructure, defense, and renewable energy. Additionally, the Sanand Unit-2 (Phase II) expansion is on track for Q2 FY26, dedicated to renewable energy and infrastructure solutions.

Hi-Tech Pipes also introduced new products including fire-fighting systems, CRFH pipes for high-end segments, and galvanized section pipes, further diversifying its value-added product mix. The company's commitment to national infrastructure is highlighted by its supply of ERW Steel Pipes for Indian Railways' Kavach Anti-Collision System and BSF's Modular Multi-Layered High-Strength Border Fencing.