Hariom Pipe Industries Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Hariom Pipe Industries reported Q2 FY26 was softer due to planned maintenance and extended monsoon, yet H1 sales volume grew 21% YoY to 1.38 lakh MT, with revenue at 797 Cr and PAT at 34 Cr, maintaining an EBITDA margin of 12.6%. Management anticipates strong H2 growth, aiming for 30% full-year volume expansion, driven by infrastructure demand and increasing value-added product contribution (97% of sales). Strategic focus includes a new 3,135 Cr Maharashtra integrated steel plant and a 200-220 Cr solar power project, both phased for disciplined capital allocation. Operating costs are stable, suggesting margin improvement with higher volumes. The company emphasizes quality, customer satisfaction, and ethical growth.