Hi-Tech Pipes Q1FY27 Revenue Surges 79% to ₹1,413 Crore, Volumes Up 26%
Hi-Tech Pipes reported Q1FY27 revenue of ₹1,413 crore, a 79% increase YoY. Sales volume grew 26% to 1,56,136 MT. EBITDA rose 20% to ₹49.37 crore, while PAT stood at ₹20.04 crore. The company is expanding capacity towards 2 million tonnes by FY29 and is venturing into API-grade pipe manufacturing, with facilities expected by Q3FY27.
The substantial revenue growth, capacity expansion plans, and strategic entry into new product segments like API-grade pipes are significant developments that will likely have a considerable impact on the company's future performance and market position.
The company reported strong revenue growth and increased sales volumes, along with significant capacity expansions and new strategic initiatives, indicating positive business momentum.
Hi-Tech Pipes Limited has announced its Un-audited Financial Results for the Quarter ended June 30, 2026 (Q1FY27). The company reported a significant revenue growth of 79% year-on-year, reaching ₹1,413 crore compared to ₹791 crore in Q1FY26. This growth was driven by robust demand in the infrastructure and construction sectors.
Sales volume increased by 26% to 1,56,136 Metric Tons (MT) from 1,24,027 MT in Q1FY26. EBITDA saw a 20% increase, rising to ₹49.37 crore from ₹41.03 crore in the same period last year. Profit After Tax (PAT) was reported at ₹20.04 crore, a slight decrease from ₹20.92 crore in Q1FY26.
Mr. Ajay Kumar Bansal, Chairman and Managing Director, commented on the strong start to FY27, highlighting the successful ramp-up of recently added capacities and sustained demand. He also mentioned the company's roadmap to add another 1 million tonnes of capacity and expressed optimism about the structural growth opportunities in the steel pipe industry.
The company is strategically expanding its manufacturing footprint with new facilities and capacity enhancements. The Sanand brownfield expansion adds 1 Lakh MTPA, focusing on large-diameter ERW Pipes and Jumbo Hollow Sections. The Kathua greenfield facility has an installed capacity of 80,000 MTPA for ERW steel pipes and value-added products. The Sikandrabad greenfield facility adds 1,20,000 MTPA, marking a milestone of 1 million tons of installed annual capacity. Hi-Tech Pipes is progressing towards a 2 million tonne capacity by FY29 and is venturing into API-grade Oil and Gas pipe manufacturing, with the API facility expected by Q3FY27. The new DFT facility at Sanand Unit-2 Phase-3 is also expected to be operational by Q3 FY27, and the Hindupur expansion facility by Q4 FY27.
The company is actively involved in nation-building initiatives, supplying pipes for the Indian Railways' Kavach Anti-Collision System and for BSF's Modular Multi-Layered High-Strength Border Fencing. New products launched include CRFH pipes and 'ZAM' PIPE with self-healing technology for fire-fighting applications.
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