Hi-Tech Pipes Ltd
P&L
Quarterly Consolidated
vs Q2 FY26
Hi-Tech Pipes Reports 41% Revenue Growth in Q3FY26, Despite 5% Decline in EBITDA/ton
07 Feb 2026 · 7 Feb, 5:22 pm
Summary
Hi-Tech Pipes Limited, a leading manufacturer in the Indian Steel piping industry, reported its financial results for the quarter and nine months ended 31 December 2025. The company saw a 41% increase in revenue from operations in Q3FY26, but there was a 5% decline in EBITDA/ton and a 9.20% decrease in PAT compared to Q3FY25.
Key Highlights
- 1
Total sales volumes increased by 10% to 1.36 Lakh tonnes in Q3FY26
- 2
Revenue from operations increased by 41% to Rs. 1069.59 Crore in Q3FY26
- 3
EBITDA increased by 4% to Rs. 41.88 Crore in Q3FY26
- 4
EBITDA/ton at Rs.3078/MT in Q3FY26 vs. Rs.3238/MT in Q3FY25 Decreased by 5% YoY
- 5
PAT Decreased by 9.20% to Rs. 19.15 Crore in Q3FY26
- 6
Revenue from operations was up by 17% to Rs.2719.72Crores in SMFY26
- 7
Total sales volumes increased by 4% to 3.85 Lakh tonnes in SMFY26
- 8
EBITDA increased by 2% to Rs.127.24 Crore in S9MFY26
Management Comments
Mr. Ajay Kumar Bansal
During the quarter, the Company delivered its highest-ever quarterly performance, with revenues growing 41% year-on-year to Rs.1,070 crore and volumes reaching a record 135,067 tonnes. While EBITDA improved modestly, profitability was impacted by softer HRC prices, leading to a temporary decline in PAT. Despite this, we remain focused on strengthening operating leverage and improving margins.
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