Hariom Pipe Industries Q4 FY26 Earnings Call Transcript Released
Hariom Pipe Industries reported FY26 revenue of ₹1,667 crore (up 23% YoY) and PAT of ₹76 crore (up 23% YoY). Q4 FY26 revenue grew 27% to ₹507 crore, with PAT up 75% to ₹30 crore. The company achieved a 92% EBITDA to OCF conversion and maintained an EBITDA margin of 12.56%. It is progressing with a 60 MW solar power plant and has incorporated Metal Mart Private Limited.
The announcement details strong financial performance for the fiscal year and quarter, including significant growth in revenue and profits, improved margins, and reduced leverage. Progress on strategic initiatives like the solar power plant and the new subsidiary also positively impacts the company's outlook.
The company reported strong year-on-year growth in revenue, EBITDA, and PAT for both the full year and the fourth quarter. Key financial metrics like ROCE and ROE improved, and leverage decreased. Progress on renewable energy projects and incorporation of a new trading entity indicate positive future outlook.
Hariom Pipe Industries Limited has released the transcript of its post-earnings conference call held on May 23, 2026, discussing the financial and operational performance for the quarter and year ended March 31, 2026. The company reported full-year revenue from operations of ₹1,667 crore, a 23% year-on-year growth, supported by better throughput and value-added products. Full-year EBITDA stood at ₹209 crore, growing by 19% year-on-year, with a stable EBITDA margin of 12.56%. Profit before tax (PBT) grew by 25% year-on-year to ₹104 crore, and profit after tax (PAT) grew by 23% year-on-year to ₹76 crore.
For the fourth quarter of FY26, revenues from operations were ₹507 crore, a strong 27% year-on-year growth. Q4 EBITDA was ₹64 crore, a 31% year-on-year increase with a stable margin of 12.59%. Q4 PAT improved significantly by 75% year-on-year to ₹30 crore. The company highlighted a 98% contribution from value-added products for the full year and reported strong operating cash flow of ₹192 crore, with an EBITDA to Operating Cash Flow (OCF) conversion of 92%. The net debt to EBITDA ratio improved to 1.65x, and debt to EBITDA was 0.4x. Return on Capital Employed (ROCE) was 21% and Return on Equity (ROE) was 12%.
The company's renewable energy SPV, Hariom Power & Energy Private Limited, is progressing with a 60 megawatt AC solar power plant. Land acquisition is complete for eight locations, and work has commenced at six. A new entity, Metal Mart Private Limited, has been incorporated to support future trading initiatives in metals and steel products. Key priorities for FY27 include improving capacity utilization, strengthening the value-added product mix, maintaining working capital discipline, enhancing operating efficiencies, optimizing financial costs, and generating healthy cash flows, with a continued focus on profitable growth over volume-led growth.
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Hariom Pipe Industries Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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