Hariom Pipe Industries Limited — Investor Meet, 03-11-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Hariom Pipe Industries Limited reported a 21% year-on-year revenue growth of ₹31,522.63 lakhs for Q2FY25, alongside a 35% increase in EBITDA. Despite challenges, including a slowdown in steel demand and weather disruptions, the company maintained an EBITDA margin of 13.48%. They plan to raise ₹700 crores through a Qualified Institutional Placement (QIP) to support growth. The management is optimistic about recovering demand in the upcoming quarters, targeting ₹2,500 crores in revenue by FY26.