Hi-Tech Pipes reports strong Q2 FY'26 results amid expansion

Hi-Tech Pipes Limited reported a strong performance for Q2 FY'26, with sales volume increasing by 1.78% year-over-year to 1.25 lakh tons and revenue from operations growing by 21.66% to INR858.77 crores. This growth was attributed to a better product mix, improved realizations, and a higher contribution from value-added products. EBITDA for the quarter rose by 5% year-over-year to INR44.33 crores, with EBITDA per ton improving by 3.24% to INR3,540, supported by efficiency gains and cost optimization. Profit After Tax (PAT) also increased by 11.86% to INR20.26 crores.

For the first half of FY'26, sales volume reached 2.5 lakh tons, and revenue from operations grew by 4.91% to INR1,650 crores. The company maintained a healthy debt-to-equity ratio of 0.21 and a current ratio of 2.09x. Strategic initiatives include the advanced stage commissioning of a 3 lakh ton capacity addition, with commercial production expected in Q3 FY'26. Additionally, a greenfield manufacturing project in Hindupur, Andhra Pradesh, with a planned 1.5 lakh ton capacity focusing on value-added coated products, is slated for completion by Q1 FY'28.

The company is also enhancing its product portfolio with new SKUs, including jumbo steel sections, and expanding its presence in international markets. With new capacities and brand momentum, Hi-Tech Pipes anticipates improved operating leverage, enhanced margins, and stronger return ratios in the coming periods, targeting 5.5 to 6 lakh tons in total volumes for FY'26.