| Revenue growth | Q2 +65.0% YoY; H1 +23.4% YoY |
|---|---|
| Margins | Q2 EBITDA margin 12.2%, +58bps QoQ; H1 12.0% |
| Demand visibility | Solar 25-yr PPA at ₹2.96/unit with MSEDCL |
Growth
Q2 EBITDA ₹67.7 Cr (+58.4% YoY), margin 12.2%. H1 EBITDA ₹117.6 Cr (+17.2%), margin 12.0%, down 63bps YoY.
Outlook
No explicit numeric guidance given. Solar: 15 MW AC operational; 52 MW AC targeted by January 2027.
Risks
H1 EBITDA margin down 63bps YoY. Perundurai operations were halted until July. Solar capacity execution is phased.
Last quarter's promises, checked
Delivered
- Guided 10 MW solar commissioning ~June 2026 → 15 MW AC operational (= BEAT)
Partly delivered
- Guided 60 MW AC solar by FY27 end → 15 MW AC live, 52 MW AC targeted by Jan 2027 (= PARTIAL)
Missed
- Guided FY27 volume ~30% growth (350–360k t) → H1 volume +5.7% YoY (= MISS)
- Guided sustainable EBITDA margin 12.5–12.6% → H1 12.0%, Q2 12.2% (= MISS)
- Guided Perundurai reopening in 2–3 working days → operations halted until July (= MISS)
Investor Presentation 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 Earnings Call Transcript: 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.
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).