Hariom Pipe Industries Limited — Investor Meet, 14-08-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Hariom Pipe delivered strong Q1 FY26 results, with sales volumes up 35% year-on-year to 78,221 MT, exceeding targets. Revenue rose 34% to INR460.96 crore, and PAT increased 35% to INR23.61 crore. EBITDA margin remained healthy at 12.49% (EBITDA per ton INR7,362). Growth was driven by value-added products (98% of revenue) and operational efficiency. Strategic highlights include new high-strength solar structures and a 60 MW solar power project with a 25-year PPA, ensuring predictable long-term revenue. Inventory days improved to 89. Management maintains a confident outlook for sustained growth.