Key Financial Performance - Full Year FY26

Revenue from Operations: ₹1,666.95 crore, representing 23% YoY growth from ₹1,357.05 crore in FY25

EBITDA: ₹209.42 crore, up 19% YoY from ₹175.43 crore in FY25

EBITDA Margin: 12.56% compared to 12.93% in FY25 (described as broadly stable)

Blended EBITDA per MT: ₹7,258 compared to ₹7,147 in FY25 (improved)

Profit Before Tax: ₹103.86 crore, up 25% YoY from ₹83.10 crore in FY25

Profit After Tax: ₹75.83 crore, up 23% YoY from ₹61.73 crore in FY25

Operating Cash Flow: ₹192.08 crore, showing strong improvement from ₹78.63 crore in FY25

EBITDA-to-Cash Conversion: 92%

Key Financial Performance - Q4 FY26

Revenue from Operations: ₹507.27 crore, representing 27% YoY growth from ₹399.70 crore in Q4 FY25

EBITDA: ₹63.87 crore

EBITDA Margin: 12.59%

Profit After Tax: ₹30.18 crore, up 75% YoY from ₹17.24 crore in Q4 FY25

Operational and Business Metrics

Value-added Products Contribution: Approximately 98% of revenue during FY26

Working Capital Improvement:

  • Inventory days reduced from 128 days to 99 days
  • Receivable days reduced from 54 days to 41 days

Balance Sheet Strength:

  • Net Debt/EBITDA improved to 1.65x
  • Debt Equity Ratio stood at 0.54x as at March 31, 2026

Subsidiary Updates

Hariom Power & Energy Private Limited (Renewable Energy SPV):

  • Executing 60 MW AC solar power project awarded under LOA and subsequent PPA with MSEDCL
  • Land acquisition completed for 8 locations covering approximately 123 acres
  • Capacity tied up: 38 MW AC out of planned 60 MW AC
  • Work commenced at 6 locations as of March 31, 2026

Metal Mart Private Limited:

  • Incorporated on January 22, 2026
  • Presently at initial setup stage

Management Commentary

Mr. Rupesh Kumar Gupta, Managing Director, commented on the performance:

  • FY 2025-26 described as "a year of steady growth and improved financial discipline"
  • Growth attributed to higher contribution from value-added products and improved utilization across key units
  • Focus areas include strengthening product portfolio, expanding market reach, improving operating efficiency, and maintaining disciplined balance sheet
  • Strong cash flow improvement and working capital reduction reflect emphasis on "quality growth and capital efficiency"

Additional Information

The press release is available on the company's website at https://www.hariompipes.com/press-release