Hi-Tech Pipes Reports 21.66% Y-o-Y Revenue Growth in Q2FY26

Hi-Tech Pipes Limited, a leading manufacturer of ERW steel pipes and tubes in India, has reported its financial results for the quarter and half year ended September 30, 2025 (Q2&H1FY26). The company's revenue from operations grew by 21.66% to Rs.858.77 Crore in Q2FY26, with a 1.78% increase in total sales volumes to 1.25 Lakh tonnes. However, the EBITDA/ton increased only marginally by 3.24% YoY. For H1FY26, revenue from operations was up by 4.91% and total sales volumes increased by 1.66%. The company's net working capital days have increased, and the debt equity ratio has also seen a rise. Mr. Ajay Kumar Bansal, the Chairman and Managing Director, expressed satisfaction with the growth in revenue and profitability, attributing it to higher-value products, process optimization, and a resilient operating model. The company's capacity expansion initiatives are progressing as planned, and it is foraying into API-grade pipe manufacturing to enhance its presence in high-specification and value-added segments.