Hariom Pipe Industries Q1 FY27 Results: Revenue ₹429 Crore, Net Profit ₹17.36 Crore
Hariom Pipe Industries reported Q1 FY27 standalone net profit of ₹17.36 crore on revenue of ₹431.23 crore. Consolidated net profit was ₹16.60 crore. The company's Perundurai unit faced temporary closure but has since restarted operations. M/s. Seshadri & Associates were appointed Cost Auditors for FY 2026-27.
The results are for a single quarter and show a decline in profitability. The appointment of cost auditors is a routine compliance matter. The temporary closure and subsequent restart of operations have a moderate impact on current performance and future outlook.
The financial results show a decrease in profit compared to previous periods, impacted by operational disruptions. While the appointment of cost auditors and the recommencement of operations are positive, the overall financial performance indicates a neutral sentiment.
Hariom Pipe Industries Limited announced its unaudited financial results for the quarter ended June 30, 2026. The company reported a total income of ₹43,122.81 lakhs (₹431.23 crore) for the standalone entity and ₹43,054.38 lakhs (₹430.54 crore) for the consolidated entity.
Standalone net profit for the quarter stood at ₹1,736.36 lakhs (₹17.36 crore), a decrease compared to the previous quarter and the same quarter last year. Consolidated net profit was ₹1,659.78 lakhs (₹16.60 crore).
The company's operations at its Perundurai unit were temporarily suspended due to directions from the Tamil Nadu Pollution Control Board (TNPCB) on April 2, 2026. However, TNPCB suspended these directions on July 13, 2026, allowing operations to recommence.
In a significant corporate development, the Board approved the appointment of M/s. Seshadri & Associates as the Cost Auditors for the Financial Year 2026-27, effective August 12, 2026. The Board also noted the preferential issue of convertible warrants approved earlier in May and June 2026, with an allotment occurring on July 27, 2026.
Consolidated financial results also indicated a similar trend in revenue and profitability, with the temporary closure of the Perundurai unit impacting performance. Notably, a subsidiary, Hariom Power and Energy Private Limited, received a Project Commissioning Certificate for its 5 MW Solar PV Power Project in Maharashtra on July 8, 2026.
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