| Revenue growth | Q2 +70.74% YoY; H1 +74.47% YoY |
|---|---|
| Margins | Q2 EBITDA margin 3.86% vs 5.17% YoY; EBITDA/MT Rs3,429 |
| Demand visibility | Infra, solar, water, fabrication demand cited; Western India push |
| Management confidence | Committed to 2 MT capacity by FY29 |
Growth
H1FY27 revenue Rs2,879 Cr (+74.5%), EBITDA Rs105.95 Cr (+24.1%), PAT Rs47.3 Cr (+14.8%). Volumes H1 +29%.
Outlook
No quantified revenue guidance. Targets 2 MT capacity by FY29; API pipe, Sanand DFT, Hindupur plants due Q4FY27.
Risks
EBITDA/MT fell 3% YoY (Rs3,429); H1 EBITDA margin 3.68%. Debt/equity rose to 0.23x; current ratio fell to 1.70x.
Last quarter's promises, checked
Partly delivered
- EBITDA/t to Rs4,000 by FY28-end → Rs3,162 Q1, Rs3,429 Q2 (= PARTIAL)
- FY27 volume 6.5–7 lakh MT → Q1 1.56 lakh + Q2 1.65 lakh MT, H2 must carry (= PARTIAL)
- 2 MT capacity by FY29 → ~1 MT installed, further 1 MT planned (= PARTIAL)
Missed
- Sanand DFT operational by Q3 FY27 → now due Q4 FY27 (= MISS)
- Debt to stay approx. at Q1 level → D/E rose to 0.23x (= MISS)
Investor Presentation filed with BSE, NSE: HITECH. Summary written with AI assistance from the document.
Hi-Tech Pipes Ltd: key numbers
- Share price
- ₹77.48
- Market cap
- ₹1,574 Cr
- Revenue (annual)
- ₹4,200 Cr
- Net profit (annual)
- ₹76.16 Cr
- P/E (TTM)
- 19.1×Sector 17.1×
- Promoter holding
- 43.43%+0.00% QoQ
- FII holding
- 1.12%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Hi-Tech Pipes Ltd
All →Hi-Tech Pipes Results Update
Hi-Tech Pipes reported Q2 FY27 revenue up 71% to Rs.1,466 crore and PAT up 35%. Sales volumes rose 32% to 1.65 lakh tonnes, with EBITDA up 28%.
Hi-Tech Pipes Q2 FY27 Results: Net Profit ₹27.3 Cr, Up 34.5% YoY
Hi-Tech Pipes Ltd reported revenue from operations of ₹1,466 Cr (+70.7% YoY) and net profit of ₹27.3 Cr (+34.5% YoY) for Q2 FY27.
- Key figure
- Net profit ₹27.3 Cr · +34.5% YoY
Hi-Tech Pipes Board Meeting Date
Hi-Tech Pipes will hold a board meeting on 05 November 2026 to consider unaudited standalone and consolidated half-year results and other business. The trading window is closed from 01 October to 07 November 2026.
Hi-Tech Pipes Other Announcement
Hi-Tech Pipes Ltd has filed its quarterly shareholding pattern as of September 30, 2026, in compliance with SEBI Regulation 31.
Hi-Tech Pipes Credit Rating
Hi-Tech Pipes Ltd announced that CRISIL Ratings reaffirmed the credit ratings for its total bank loan facilities of ₹565 Crore.
- Value
- ₹565.0 Cr
Hi-Tech Pipes Business Update
Hi-Tech Pipes reported its highest-ever quarterly sales volume of 1,65,016 MT for Q2FY27, up 32% year-on-year. Half-yearly volumes reached 3,21,152 MT, a 29% increase.
- installed capacity
- 1050000.0 MTPA