Hi-Tech Pipes Q2&H1FY27: Revenue Surges 70.74% YoY to ₹1466 Cr in Q2, H1 Revenue Up 74.47%
Hi-Tech Pipes reported a 70.74% YoY revenue jump to ₹1466.24 Cr in Q2 FY27 and a 74.47% YoY increase to ₹2879.04 Cr for H1 FY27. Sales volumes rose 32% in Q2 and 29% in H1. The company is expanding capacity, aiming for 2 million tonnes by FY29, and venturing into API-grade pipe manufacturing.
The significant revenue growth, expansion plans, and diversification into new product segments like API-grade pipes are material developments that are likely to have a substantial impact on the company's financial performance and market position.
The company reported strong year-on-year growth in revenue and sales volumes for both the quarter and half-year, alongside strategic capacity expansions and new product developments, indicating positive business momentum.
Hi-Tech Pipes Limited has announced its Unaudited Financial Results for the Quarter and Half Year ended September 30, 2026. The company reported a significant increase in revenue from operations for both the second quarter and the first half of the fiscal year.
For the second quarter of FY27, revenue from operations surged by 70.74% year-on-year to ₹1466.24 Crore, compared to ₹858.77 Crore in Q2 FY26. Sales volumes also saw a substantial jump of 32%, reaching 1.65 Lakh tonnes in Q2 FY27 from 1.25 Lakh tonnes in Q2 FY26. EBITDA increased by 27.63% to ₹56.58 Crore in Q2 FY27, although EBITDA per ton slightly decreased to ₹3429 from ₹3540 in the prior year's quarter.
For the half-year ended September 30, 2027 (H1 FY27), revenue from operations grew by 74.47% to ₹2879.04 Crore, up from ₹1650.13 Crore in H1 FY26. Sales volumes increased by 29% to 3.21 Lakh tonnes in H1 FY27 compared to 2.49 Lakh tonnes in H1 FY26. EBITDA for H1 FY27 rose by 24.12% to ₹105.95 Crore from ₹85.36 Crore in H1 FY26. The EBITDA per ton for H1 FY27 was ₹3299, a slight decrease from ₹3425 in H1 FY26.
The company also provided an update on its financial ratios, noting a decrease in Net Working Capital Days to 33 days in H1 FY27 from 56 days in FY26. The Debt Equity Ratio increased to 0.23x in H1 FY27 from 0.18x in FY26, while the Current Ratio decreased to 1.70x from 2.17x. Return on Capital Employed improved to 12.25% in H1 FY27 from 11.11% in FY26.
Hi-Tech Pipes is strategically expanding its manufacturing capabilities with a brownfield expansion at Sanand Unit-II (Phase-II) and a greenfield facility at Kathua, J&K. The company has also commenced commercial production at its Sikandrabad Unit-III, achieving a significant milestone of 1 million tons of installed annual capacity. Looking ahead, Hi-Tech Pipes aims to reach 2 million tonnes of installed capacity by FY29 and is venturing into API-grade Oil and Gas pipe manufacturing, with the facility expected to be ready by Q4 FY27. Further expansions, including a new DFT facility at Sanand and the Hindupur expansion, are also expected to be operational by Q4 FY27.
The company highlighted its contributions to nation-building through supplying pipes for the Indian Railways' Kavach Anti-Collision System and BSF's Border Fencing. New product initiatives include CRFH pipes, Galvanized Section Pipes, and 'ZAM' pipes with self-healing technology for fire-fighting applications. The investor presentation also detailed the company's overview, journey, manufacturing facilities, product range, approvals, key marquee projects, and future prospects, emphasizing the growing demand in the Indian steel pipes and tubes industry.
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