| 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)
Earnings Call Transcript filed with NSE, NSE: HARIOMPIPE. Summary written with AI assistance from the document.
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.
More from Hariom Pipe Industries Ltd
All →Hariom Pipe Industries Investor Presentation: Key Takeaways
Q2 FY27 standalone revenue ₹554.2 Cr (+65.0% YoY), PAT ₹28.5 Cr (+173.9%). H1 revenue ₹983.4 Cr (+23.4%), PAT ₹45.9 Cr (+34.8%). Growth from Perundurai restart and value-added products; solar expansion underway.
Hariom Pipe Industries Management Change
Hariom Pipe Industries appointed Rajdeep Tripathy as Vice President – Human Resources, Hariom Group, effective 4 November 2026. He is a senior HR professional with about 23 years of experience.
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
Hariom Pipe Industries Board Meeting Date
Hariom Pipe Industries Limited has intimated a board meeting on 4 November 2026 to consider unaudited standalone and consolidated results for the quarter and half year ended September 2026. The trading window closes from 1 October 2026 until 6 November 2026.
Hariom Pipe Industries Partnership
Hariom Pipe signed a non-binding MoU with APEDB for a proposed Rs 700 crore integrated steel plant in Andhra Pradesh. Implementation remains subject to approvals and clearances.
- Value
- ₹700.0 Cr
Hariom Pipe Industries Other Announcement
The company filed its quarterly shareholding pattern for the period ended September 30, 2026. This is a routine compliance disclosure under Regulation 31(1)(b).