Indian Hume Pipe Company Limited — Updates, 14-05-2025: Press Release (Revised)

Indian Hume Pipe has announced a board meeting on the financial results for the quarter and half-year. The company won orders worth INR 1325.37 Cr this year, increased in-house manufacturing to 48%, improving margins and lowering working capital. Capacity expansions at Walwa and Dhule (capex ~INR 46 Cr) raise sales potential to INR 240 Cr annually. Completed 12 projects totaling INR 2437.74 Cr, with a current order book of INR 4002.48 Cr. Land sale in Bengaluru brought INR 559 Cr, yielding an exceptional gain of INR 545.22 Cr. FY24 EBITDA reached INR 195.12 Cr; net profit surged to INR 558.05 Cr, driven by the land sale. Proposed dividend: INR 5.80/share (including INR 4 special).