Summary

Hi-Tech Pipes Limited, a leading manufacturer of ERW steel pipes and tubes, has reported its financial results for the quarter & Half year ended September 30, 2025 (Q2&H1FY26). The company's revenue from operations increased by 21.66% to Rs.858.77 Crore in Q2FY26 as compared to Rs. 705.89 Crore in Q2FY25. However, EBITDA/ton decreased by 1.06% to Rs.3425 in H1FY26 vs. Rs.3462 in H1FY25. The company's capacity expansion initiatives are progressing as planned.

Key Highlights

1. 1

   Q2FY26: Total sales volumes increased by 1.78% to 1.25 Lakh tonnes

2. 2

   Revenue from operations increased by 21.66% to Rs.858.77 Crore in Q2FY26

3. 3

   EBITDA increased by 5.08% to Rs.44.33 Crore in Q2FY26

4. 4

   H1FY26: Revenue from operations was up by 4.91% to Rs.1650.13 Crores

5. 5

   Total sales volumes increased by 1.66% to 2.49 Lakh tonnes in H1FY26

6. 6

   EBITDA increased by 0.58% to Rs.85.36 Crore in H1FY26

7. 7

   Net Working Capital Days has increased from 52 days in H1FY25 to 56 days in H1FY26

8. 8

   Debt Equity Ratio has increased from 0.15x in H1FY25 to 0.21x in H1FY26

9. 9

   Current Ratio has decreased from 2.38x in H1FY25 to 2.09x in H1FY26

10. 10

    Return on Capital Employed has declined from 14.35% in H1FY25 to 11.44% IN H1FY26