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Hi-Tech Pipes reported strong Q2 FY26 financial results: revenue grew 21.66% to INR 858.77 Cr and PAT rose 11.86% to INR 20.26 Cr. Half-year revenue reached INR 1,650 Cr with PAT at INR 41.17 Cr. Sales volumes for Q2 were 1.25 lakh tons and H1 2.5 lakh tons, despite a challenging market.
The company is commissioning 3 lakh tons of capacity and initiated a 1.5 lakh ton greenfield project in Hindupur, targeting 2 million tons total capacity. Management projects FY26 volumes of 5.5-6 lakh tons and aims for INR 3,500-4,000 EBITDA per ton, driven by stabilized steel prices and increasing value-added product mix (targeting 41-42% for FY26). The outlook reflects confidence in strong infrastructure and renewable energy demand.