Date: November 05, 2026

Financial Performance Summary

Q2 FY27 Performance (YoY Comparison)

  • Total sales volumes: 1.65 lakh tonnes (up 32% from 1.25 lakh tonnes in Q2 FY26)
  • Revenue from operations: ₹1,466.24 crore (up 70.74% from ₹858.77 crore in Q2 FY26)
  • EBITDA: ₹56.58 crore (up 27.63% from ₹44.33 crore in Q2 FY26)
  • EBITDA per ton: ₹3,429 (compared to ₹3,540 in Q2 FY26)
  • Profit After Tax: ₹27 crore (up 35% YoY - mentioned in management commentary)

H1 FY27 Performance (YoY Comparison)

  • Total sales volumes: 3.21 lakh tonnes (up 29% from 2.49 lakh tonnes in H1 FY26)
  • Revenue from operations: ₹2,879.04 crore (up 74.47% from ₹1,650.13 crore in H1 FY26)
  • EBITDA: ₹105.95 crore (up 24.12% from ₹85.36 crore in H1 FY26)
  • EBITDA per ton: ₹3,299 (compared to ₹3,425 in H1 FY26)

Financial Ratios & Metrics

  • Net Working Capital Days: 33 days in H1FY27 (improved from 56 days in FY26)
  • Debt Equity Ratio: 0.23x in H1FY27 (increased from 0.18x in FY26)
  • Current Ratio: 1.70x in H1FY27 (decreased from 2.17x in FY26)
  • Return on Capital Employed: 12.25% in H1FY27 (increased from 11.11% in FY26)

Management Commentary

Mr. Ajay Kumar Bansal, Chairman and Managing Director, commented on the strong performance reflecting sustained business momentum and focus on growth and operational excellence. He highlighted:

  • Robust 71% year-on-year revenue growth and 32% sales volume increase
  • 28% EBITDA growth and 35% PAT growth
  • Significant improvement in Net Working Capital Days from 56 to 33 days
  • Enhanced working capital efficiency and disciplined cash flow management

Strategic Outlook & Capacity Expansion

The company's vision of achieving 2 million tonnes of manufacturing capacity by FY29 remains on track. All planned capacity additions are progressing as envisaged and scheduled to roll out as per plan. The company remains confident in capitalizing on strong growth opportunities across India's infrastructure and manufacturing sectors.

Company Overview

Hi-Tech Pipes Limited operates eight state-of-the-art integrated manufacturing facilities located at:

  • Sikandrabad (UP)
  • Sanand (Gujarat)
  • Hindupur (AP) - near Bangalore
  • Khopoli (Maharashtra)
  • Kathua Jammu (J&K)

Current installed capacity: 10,50,000 MTPA on a consolidated basis

Target capacity: 2 million tonnes by FY29

The company has direct marketing presence in over 20 states with more than 550+ dealers & distributors across India.

Products Portfolio

The company manufactures:

  • ERW Pipes & Hollow Sections
  • GPGC Sheets & Color Coated Coil
  • GI & GP Pipes
  • CR Coils & Strips
  • Crash Barrier
  • Solar mounting structures
  • Variety of galvanized products