Hi-Tech Pipes' Q2 FY 2025-26 Quarterly Results

Result Summary

• Hi-Tech Pipes Ltd reported a 8.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 21.7%.
• Its expenses for the quarter were up by 9.0% QoQ and 22.0% YoY.
• The net profit decreased 3.2% QoQ and increased 11.9% YoY.
• The earnings per share (EPS) of Hi-Tech Pipes Ltd stood at 1.01 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Hi-Tech Pipes Ltd operates in the manufacturing sector, specializing in the production of steel tubes and pipes. The company is known for its wide range of products that cater to various industrial sectors, including infrastructure, energy, and construction. Hi-Tech Pipes Ltd has established itself as a key player in the steel pipe industry, leveraging its expertise to meet the growing demand for high-quality steel products. The company is focused on maintaining its position in the market through continuous investment in technology and expansion of its product offerings. As of now, there are no additional details available regarding recent major developments or strategic initiatives undertaken by Hi-Tech Pipes Ltd.

Revenue

In the second quarter of the fiscal year 2026 (Q2FY26), Hi-Tech Pipes Ltd reported a total income of ₹859.91 crores. This represents an 8.5% increase from the previous quarter (Q1FY26), where the total income was ₹792.29 crores. Compared to the same quarter in the previous fiscal year (Q2FY25), the total income grew by 21.7%, with Q2FY25 recording a total income of ₹706.87 crores. This significant year-over-year growth in revenue reflects a robust performance by the company, showcasing its capability to enhance its top line over both the short and long term.

Profitability

For Q2FY26, the profit before tax stood at ₹27.07 crores, showing a decrease of 3.2% from Q1FY26, which recorded a profit before tax of ₹27.97 crores. On a year-over-year basis, there was an 11.4% increase from Q2FY25, which had reported a profit before tax of ₹24.31 crores. The profit after tax for Q2FY26 was ₹20.26 crores, marking a decline of 3.2% from the previous quarter but an increase of 11.9% compared to the same quarter last year. The earnings per share (EPS) in Q2FY26 was ₹1.01, which was a 2.9% decrease from Q1FY26 and an 8.2% decrease from Q2FY25.

Operating Metrics

In the second quarter of FY26, Hi-Tech Pipes Ltd reported total expenses amounting to ₹832.85 crores, which indicates a 9.0% increase from the ₹764.32 crores incurred in Q1FY26. Year-over-year, the total expenses grew by 22.0% compared to ₹682.55 crores in Q2FY25. The tax expense for Q2FY26 was ₹6.81 crores, a decrease of 3.4% from the previous quarter and an increase of 9.8% compared to the same period last year. These metrics indicate a trend of rising expenses, which aligns with the overall increase in revenue, maintaining a steady cost-to-income structure.