The call ran from 11:59 AM to 12:48 PM IST (49 min).
Key takeaways
Q2 revenue +65% to ₹554 Cr and habitat +58%, helped by the Perundurai restart. H1 growth is price-led. Management gave no quantified FY27 guidance and avoided numbers on margins and capex.
| Revenue growth | Q2 +65% YoY, ₹554 Cr; partly Perundurai restart base effect. |
|---|---|
| Margins | Habitat margin 12.21% vs 11.63% prior quarter; EBITDA/ton ₹8,140. |
| Demand visibility | Not quantified; management says demand-dependent; no sectoral data. |
| Management confidence | Balanced-to-defensive; repeatedly 'hopeful', no specific growth numbers. |
Growth
Q2 revenue +65% YoY, EBITDA +58%; H1 price-led (ASP +17%, volume +6%). Partly shutdown recovery base effect.
Outlook
H2 FY27 growth minimum 10–15%; FY28 10–15% expected; ₹10,000 Cr top line in 5–6 years; volume ≥25%.
Risks
Power costs rose sharply (~₹25 Cr vs ₹18 Cr); solar 52MW target depends on land/substation approvals; AP MoU non-binding.
Last quarter's promises, checked
Delivered
- Guided 10MW solar commissioning by Jun-26 → 15MW live (= BEAT)
- Guided blended EBITDA/t floor ~₹7,200 → ₹8,140 (= BEAT)
Partly delivered
- Guided Tamil Nadu plant reopening in 2–3 working days → restart in Q2, timing unquantified (= PARTIAL)
- Guided Metal Mart start on GST registration → still at documentation stage (= PARTIAL)
Missed
- Guided FY27 volume +30% (350–360kt) → H1 volume +6% (= MISS)
- Guided 60MW solar by FY27 → 52MW target (= MISS)
- Guided EBITDA margin 12.5–12.6% sustainable → habitat margin 12.21% (= MISS; segment vs consolidated, not like-for-like)
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Hariom Pipe Industries Q2 FY27 Results: Net Profit ₹25.3 Cr, Up 143.3% YoY
Hariom Pipe Industries Ltd reported revenue from operations of ₹554.6 Cr (+65.1% YoY) and net profit of ₹25.3 Cr (+143.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹25.3 Cr · +143.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
FY27 volume guidance of 3.5-3.6L tons (~25% growth); 60MW solar project completion in phases by FY27.
Growth they described
FY26 Revenue grew 23% to ₹1,667 Cr; EBITDA grew 19% to ₹209 Cr; Q4 PAT surged 75% YoY.
Call details
| Company | Hariom Pipe Industries Ltd |
|---|---|
| NSE symbol | HARIOMPIPE |
| ISIN | INE00EV01017 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 12:00 PM IST |
| Length | 49 min |
Hariom Pipe Industries Ltd: key numbers
- Share price
- ₹365.95
- Market cap
- ₹1,133 Cr
- Revenue (annual)
- ₹1,667 Cr
- Net profit (annual)
- ₹75.71 Cr
- P/E (TTM)
- 13.6×Sector 17.0×
- Promoter holding
- 57.26%+0.00% QoQ
- FII holding
- 10.39%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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