Hariom Pipe Q4 & FY26 Results: Revenue ₹1,667 Cr, PAT ₹76 Cr, EBITDA ₹209 Cr
Hariom Pipe Industries reported FY26 revenue of ₹1,667 Cr (up 23% YoY) and PAT of ₹76 Cr (up 23% YoY). EBITDA was ₹209 Cr (up 19% YoY). Sales volume grew 18% to 2.89 Lakh MT. The company highlighted strong operating cash flow of ₹192 Cr and a recommended final dividend of ₹0.75 per share.
The announcement includes comprehensive financial results for the full fiscal year and the fourth quarter, showcasing substantial growth across key metrics. The declaration of a dividend and strategic business updates, such as renewable energy initiatives and subsidiary incorporation, are material information for investors.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, alongside an improved operating cash flow and a strengthened balance sheet. The focus on value-added products and strategic advancements in renewable energy also contribute to a positive outlook.
Hariom Pipe Industries Limited announced its audited financial results for the quarter and year ended March 31, 2026. For the full fiscal year 2026, the company reported a revenue from operations of ₹1,667.0 crore, marking a 23% year-on-year increase. Sales volume crossed 2.89 Lakh Metric Tonnes (MT), an 18% YoY growth.
EBITDA stood at ₹209 crore with a stable margin of 12.56%, showing a 19% YoY increase. The blended EBITDA improved to ₹7,258 per MT. Profit After Tax (PAT) increased by 23% YoY to ₹76 crore, reflecting improved operating leverage and financial discipline. Operating cash flow saw a significant improvement, reaching ₹192 crore, with a strong 92% EBITDA to cash conversion.
The company's balance sheet strengthened, with Net Debt/EBITDA at 1.65x and Debt/Equity at 0.54x. For the fourth quarter of FY26, revenue rose 27% YoY to ₹507.3 crore, EBITDA increased 31% YoY to ₹63.9 crore, and PAT surged 75% YoY to ₹30.2 crore.
Value-added products constituted 96% of the total sales volume for the quarter and the year, highlighting the company's focus on higher-margin segments. The Board has recommended a final dividend of ₹0.75 per equity share for the financial year ended March 31, 2026.
Hariom Pipe Industries Limited has also strategically advanced its renewable energy solutions, developing pre-galvanized tubular sections for solar structures and establishing OEM partnerships. The company is also progressing with its 60 MW AC solar power project through its subsidiary Hariom Power & Energy Pvt. Ltd. A new subsidiary, Metal Mart Pvt. Ltd., was incorporated for trading metals and steel products.
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