Hariom Pipe Industries Approves Financial Results for FY2026, Recommends Dividend of Rs. 0.75 Per Share
Hariom Pipe Industries Limited announced the outcomes of its Board of Directors meeting held on May 22, 2026. The Board considered and approved the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026.Key decisions made by the Board include the recommendation of a final dividend and the reappointment of key professional service providers.
Dividend and Financial Results
The Board recommended a final dividend of Rs. 0.75 (Seventy-Five Paise) per equity share, having a face value of Rs. 10 each, for the financial year ended March 31, 2026. If approved by the Members, the dividend is slated for disbursement within 30 days of the declaration date.The company's financial performance data was presented through comprehensive statements:
Key Financial Highlights (in ₹ lakhs):
| Metric | March 31, 2026 (Year Ended) | March 31, 2025 (Year Ended) |
|---|---|---|
| Total Revenue from Operations | 16,669,539 | 13,570,488 |
| Total Comprehensive Income | 758,573 | 617,166 |
| Net Profit for the Year | 757,078 | 617,260 |
| Total Assets | 1,18,241.72 | 1,19,697.19 |
The company also provided details regarding its total comprehensive income for the period, showing the following components:
| Metric | Quarter ended March 31, 2026 | Quarter ended March 31, 2025 |
|---|---|---|
| Revenue from Operations | 50,726.85 | 39,970.31 |
| Total Income | 51,668.00 | 40,014.81 |
| Profit Before Tax | 41,778.10 | 23,454.30 |
| Net Profit for the Quarter | 30,183.40 | 17,200.20 |
Corporate Governance and Appointments
The Board also addressed matters of corporate governance and professional appointments:- Statutory Auditors: The Board approved the reappointment of M/s. R Kabra & Co, LLP, Chartered Accountants, to serve as the Statutory Auditors for the second term of five consecutive years. This tenure will run from the conclusion of the 19th Annual General Meeting till the conclusion of the 24th Annual General Meeting, pending shareholder approval.
- Internal Auditors: Based on the Audit Committee's recommendation, M/s. Ravi Ladia & Co., Chartered Accountants, were approved for reappointment as the Internal Auditors for the Financial Year 2026-27.
- Senior Management Personnel: The Board approved the re-designation of Mr. Yash Gupta, previously Vice President (VP) - Sponge Division, as a Senior Management Personnel of the company, effective May 22, 2026.
Financial Statements Overview
The Board presented the following audited financial statements for the respective years.Balance Sheet Summary (in ₹ lakhs):
| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Assets | 1,18,241.72 | 1,19,697.19 |
| Total Equity | 64,664.25 | 57,267.42 |
| Total Liabilities | 53,577.47 | 62,430.51 |
Cash Flow Summary (in ₹ lakhs):
| Cash Flow Component | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Operating Activities | 19,208.44 | 7,863.26 |
| Investing Activities | (11,047.42) | (8,571.64) |
| Financing Activities | 110,718.09 | 313,169 |
| Net Increase/Decrease in Cash | (2,557.02) | 2,423.31 |
The audited Consolidated financial results cover the operational activities of Hariom Pipe Industries Limited, Hariom Power and Energy Private Limited, and Metal Mart Private Limited. The Parent Company holds a 70% stake in Metal Mart Private Limited, making it a subsidiary.
HARIOMPIPE Stock Price Movement
On Friday, Hariom Pipe Industries Limited shares rallied by 3.09% to close at ₹344.35. The stock saw strong investor interest, trading on a total volume of 692,009 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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