Hi-Tech Pipes Limited — Investor Meet, 13-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Hi-Tech Pipes reported Q1 FY26 revenue of INR 791 Cr (vs INR 866 Cr YoY), though sales volume increased to 1.24 lakh tons. Despite steel price volatility, PAT hit a record INR 21 Cr, with EBITDA per ton improving 10% QoQ to INR 3,308. Management expects new Sikandrabad and Sanand plants, adding 2.5 lakh tons annual capacity, to commence production from Q2 FY26, contributing significantly from Q3. These facilities will boost higher value-added product share to over 45%, with an EBITDA per ton target of INR 4,500-5,000 post steel price stabilization. The company aims for 2 million tons capacity by FY29, including API-grade pipes, signaling a confident growth path.