Hi-Tech Pipes Ltd. Reports Strong Q1FY27 Results with Revenue Jump of 79% and EBITDA Growth

Hi-Tech Pipes Ltd. Reports Strong Q1FY27 Results with Revenue Jump of 79% and EBITDA Growth​

Hi-Tech Pipes Ltd., a leading manufacturer of steel tubes and pipes in India, has reported its unaudited financial results for the first quarter of Fiscal Year 2027 (Q1FY27). The company saw significant growth in revenue and improved operating performance during the period.

The Q1FY27 results reflect robust demand within the infrastructure and construction sectors. Revenue grew substantially by 79% to reach Rs1,413Cr., up from Rs791 Cr. in the corresponding quarter of FY26. Sales volume also increased by 26%, totaling 1,56,136 MT compared to 1,24,027 MT in Q1FY26.

The company's operating performance metrics showed positive trends, with EBITDA increasing by 20% to Rs49.37 Cr. for Q1FY27, against Rs41.03 Cr. in Q1FY26. Profit After Tax stood at Rs.20.04Cr., down from Rs. 20.92 Cr. in the previous year's quarter.

Data detailing the financial performance for both quarters are presented below:

Management Commentary and Growth Outlook​

Mr. Ajay Kumar Bansal, Chairman and Managing Director of Hi-Tech Pipes Ltd., commented on the results, stating that the company reported a strong start to FY27. He attributed the growth in volumes and revenue to sustained market demand and the successful ramp-up of recently added capacities.

"Revenue grew by an impressive 79% to Rs.1,413 crore from Rs.791 crore," Mr. Bansal noted, "while EBITDA increased to Rs.49.37 crore from Rs.41.03 crore, supported by improved operating performance." He added that the sequential improvement in EBITDA per tonne was observed, moving from Rs.3,148 in Q4FY26 to Rs.3,162.

Mr. Bansal further stated that newly commissioned facilities are contributing positively to the company's growth momentum. The management reiterated its commitment to the roadmap of adding another 1 million tonnes of capacity, noting that execution is progressing at a healthy pace. Looking ahead, he expressed optimism about the structural growth opportunities in the steel pipe industry, driven by infrastructure development and rising domestic demand, positioning the company for sustainable growth.

About Hi-Tech Pipes Limited​

Hi-Tech Pipes Ltd. operates as one of India's leading steel processing companies, providing innovative products across nearly four decades. The company’s product portfolio includes steel pipes, hollow sections, tubes, cold rolled coils and strips, road crash barriers, solar mounting structures, GP/GC Sheets, Color Coated Coils, and various galvanized products.

The company operates eight integrated manufacturing facilities in states such as Uttar Pradesh, Gujarat, Andhra Pradesh, Maharashtra, and Jammu & Kashmir. With an installed capacity of 10,50,000 MTPA on a consolidated basis, the company is progressing towards a 2 million Tonnes Capacity by FY29. Hi-Tech Pipes Ltd. maintains direct marketing presence in over 20 states, supported by more than 550 dealers and distributors across India.

HITECH Stock Price Movement​

As of 2:46 PM in live trading, shares of Hi-Tech Pipes Limited are shedding 7.38% in the market, currently trading at ₹77.97. The stock has registered a volume of 2.60 million shares today as it battles downward pressure.