Hariom Pipe Industries Limited — Others, 09-05-2025: Monitoring Agency Report

Hariom Pipe Industries has announced a board meeting where it approved the financial results for the quarter and year ended March 31, 2025, with an unmodified audit opinion. Standalone net profit increased to ₹61.73 Cr from ₹56.80 Cr, with earnings per share at ₹20.25. The company proposed a final dividend of ₹0.61 per share, subject to shareholder approval. It extended the lease for its Ultra Pipes plant to 99 years, supporting long-term growth, and set up a wholly owned subsidiary to execute a 60 MW solar power project awarded by Maharashtra State Electricity Distribution Company. CRISIL assigned A- and A2+ ratings to its bank facilities. Four senior managers were re-designated across key divisions. The focus remains on steel product manufacturing.