Hi-Tech Pipes Q2FY27 Revenue Surges 71% YoY to ₹1,466 Crore; PAT Up 35%
Hi-Tech Pipes reported a strong Q2FY27 with revenue up 71% YoY to ₹1,466 crore and sales volume up 32% to 1.65 lakh tonnes. PAT increased by 35% to ₹27 crore. For H1FY27, revenue grew 74% to ₹2,879 crore. The company remains on track to achieve 2 million tonnes capacity by FY29.
The substantial increase in revenue and profit, coupled with positive forward-looking statements about capacity expansion and market opportunities, indicates a high impact on the company's financial standing and future prospects.
The company reported significant year-on-year growth in revenue, sales volume, and profit after tax, along with positive commentary from the management about future growth and capacity expansion plans.
Hi-Tech Pipes Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2026. The company reported a significant increase in sales volume, jumping 32% year-on-year to 1.65 lakh tonnes in Q2FY27, compared to 1.25 lakh tonnes in Q2FY26.
Revenue from operations saw a substantial rise of 70.74%, reaching ₹1466.24 crore in Q2FY27 from ₹858.77 crore in the corresponding quarter of the previous year. EBITDA grew by 27.63% to ₹56.58 crore in Q2FY27, up from ₹44.33 crore in Q2FY26, although EBITDA per ton slightly decreased to ₹3429 from ₹3540.
For the half-year period (H1FY27), revenue from operations increased by 74.47% to ₹2879.04 crore, compared to ₹1650.13 crore in H1FY26. Sales volumes for H1FY27 were up by 29% to 3.21 lakh tonnes. EBITDA for H1FY27 increased by 24.12% to ₹105.95 crore.
Key financial metrics for H1FY27 show a decrease in Net Working Capital Days to 33 days from 56 days in FY26, an increase in Debt Equity Ratio to 0.23x from 0.18x, and a decrease in Current Ratio to 1.70x from 2.17x. Return on Capital Employed improved to 12.25% from 11.11% in FY26.
Mr. Ajay Kumar Bansal, Chairman and Managing Director, commented on the performance, stating, "We are pleased to deliver a strong performance in Q2FY27, reflecting the sustained momentum in our business and our continued focus on growth and operational excellence." He highlighted the robust revenue growth, increased sales volumes, and improved Profit After Tax. He also reiterated the company's vision of achieving 2 million tonnes of manufacturing capacity by FY29, with planned capacity additions progressing as envisaged.
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