Hariom Pipe Industries Limited — Investor Meet, 28-05-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Hariom Pipe posted strong Q4/FY26 results. FY26 revenue hit INR 1,667 Cr (+23% YoY), PAT at INR 76 Cr (+23% YoY). Q4 revenue grew 27% to INR 507 Cr, PAT soared 75% to INR 30 Cr. EBITDA margins remained stable ~12.5-12.6%.

Management targets 20-25% volume growth in FY27 (350-360K tonnes), prioritizing profitable expansion. The Tamil Nadu plant is reopening soon; no revenue impact expected. Their 60 MW solar project advances, with 10 MW commencing production next month, yielding INR 3.21/unit. Backward integration to 80% is also planned. Focus remains on efficiency, value-added products, and cash flow.