Hi-Tech Pipes Limited Reports Q2 & H1 FY27 Results, Announces Committee Reconstitutions (NSE: HITECH, BSE: 543411)

The Board of Directors of Hi-Tech Pipes Limited (NSE Symbol: HITECH, BSE Scrip Code: 543411) met on Thursday, November 05, 2026, to consider and approve the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026.

The company also announced the reconstitution of several key board committees following the completion of the tenure of Non-Executive Independent Director Mr. Mukesh Kumar Garg, effective December 02, 2026.

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Consolidated Financial Performance

(Figures in Rupees in Lacs, except EPS)

Quarter Ended September 30, 2026 vs. September 30, 2025

• Income from Operations: ₹1,46,623.98 Lacs compared to ₹85,876.68 Lacs in the corresponding quarter of the previous year (and ₹1,41,280.12 Lacs for the preceding quarter ended June 30, 2026).
• Total Income: ₹1,46,691.25 Lacs against ₹85,991.38 Lacs.
• Total Expenses: ₹1,43,094.39 Lacs compared to ₹83,284.59 Lacs. The primary component was the cost of materials consumed at ₹1,10,801.67 Lacs.
• Profit Before Tax (PBT): ₹3,596.86 Lacs compared to ₹2,706.80 Lacs.
• Tax Expenses: ₹871.51 Lacs (Current Tax: ₹735.08 Lacs; Deferred Tax: ₹136.43 Lacs).
• Profit After Tax (PAT): ₹2,725.36 Lacs compared to ₹2,025.84 Lacs in Q2 FY26.
• Earnings Per Share (EPS): Basic and Diluted EPS stood at ₹1.34 per share (Face Value Re. 1 each), up from ₹1.01 per share.

Half-Year Ended September 30, 2026 vs. September 30, 2025

• Income from Operations: ₹2,87,904.10 Lacs compared to ₹1,65,012.71 Lacs.
• Total Income: ₹2,88,027.76 Lacs compared to ₹1,65,220.48 Lacs.
• Profit Before Tax (PBT): ₹6,244.74 Lacs compared to ₹5,503.58 Lacs.
• Profit After Tax (PAT): ₹4,729.16 Lacs compared to ₹4,117.89 Lacs.
• Earnings Per Share (EPS): Basic and Diluted EPS stood at ₹2.33 per share compared to ₹2.04 per share.

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Standalone Financial Performance

(Figures in Rupees in Lacs, except EPS)

• Revenue from Operations:
  • Quarter ended September 30, 2026: ₹1,16,545.46 Lacs (vs. ₹72,121.01 Lacs in Q2 FY26).
  • Half-year ended September 30, 2026: ₹2,27,772.67 Lacs (vs. ₹1,35,238.51 Lacs in H1 FY26).
• Profit Before Tax (PBT):
  • Quarter ended September 30, 2026: ₹2,463.77 Lacs (vs. ₹2,208.16 Lacs in Q2 FY26).
  • Half-year ended September 30, 2026: ₹4,489.75 Lacs (vs. ₹4,593.85 Lacs in H1 FY26).
• Profit After Tax (PAT):
  • Quarter ended September 30, 2026: ₹1,843.69 Lacs (vs. ₹1,652.41 Lacs in Q2 FY26).
  • Half-year ended September 30, 2026: ₹3,359.77 Lacs (vs. ₹3,437.66 Lacs in H1 FY26).
• Earnings Per Share (EPS): Basic and Diluted Standalone EPS was ₹0.91 for the quarter and ₹1.66 for the half-year.

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Balance Sheet & Cash Flow Highlights (Consolidated)

(Figures in Rupees in Lacs / Rs. in Lacs)

• Total Assets: Stood at ₹2,54,962.55 Lacs as of September 30, 2026, compared to ₹2,02,361.61 Lacs as of March 31, 2026.
  • Property, Plant & Equipment: ₹56,654.70 Lacs.
  • Capital Work-in-Progress (CWIP): ₹20,124.97 Lacs (up from ₹10,288.80 Lacs at the end of FY26).
  • Inventories: ₹67,649.90 Lacs.
  • Trade Receivables: ₹57,996.77 Lacs.
• Total Equity: Reached ₹1,40,337.36 Lacs (consisting of ₹2,031.08 Lacs in Equity Share Capital and ₹1,38,306.28 Lacs in Other Equity).
• Borrowings:
  • Non-current borrowings: ₹16,349.60 Lacs.
  • Current borrowings: ₹15,555.09 Lacs.
• Cash Flow (Half-Year Ended September 30, 2026):
  • Net Cash Flow from Operating Activities: ₹11,874.93 Lacs.
  • Net Cash Flow used in Investing Activities: ₹(19,976.92) Lacs (includes ₹11,347.25 Lacs payment for Property, Plant & Equipment, Intangible Assets, and CWIP).
  • Net Cash Flow from Financing Activities: ₹7,135.83 Lacs.
  • Cash and Cash Equivalents at Closing: ₹1,199.62 Lacs.

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Operating Segment & Group Structure

• Operating Segment: Under Ind AS 108, the company operates in a single reportable operating segment: Manufacturing of Steel Pipes & CR products.
• Consolidated Entities: The consolidated results include the Holding Company (Hi-Tech Pipes Limited) and its wholly owned subsidiaries:
  1. HTL Metal Private Limited
  2. HTL Ispat Private Limited
  3. Hitech Metalex Private Limited
  4. Hitech Global Steels Private Limited
  5. Sain Software Systems Private Limited

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Corporate Governance & Committee Reconstitution

Consequent to the tenure completion of Mr. Mukesh Kumar Garg (Non-Executive Independent Director) on December 02, 2026, the Board has approved the reconstitution of the following committees effective December 03, 2026:

1. Risk Management Committee

• Anish Bansal (Executive Director) – Chairperson
• Ajay Kumar Bansal (Executive Director) – Member
• Vivek Goel (Non-Executive - Independent Director) – Member

2. Corporate Social Responsibility Committee

• Anish Bansal (Executive Director) – Chairperson
• Ajay Kumar Bansal (Executive Director) – Member
• Neerja Kumar (Non-Executive - Independent Director) – Member
• Vivek Goel (Non-Executive - Independent Director) – Member

3. Securities Allotment Committee

• Neerja Kumar (Non-Executive - Independent Director) – Chairperson
• Vivek Goel (Non-Executive - Independent Director) – Member
• Anish Bansal (Executive Director) – Member
• Ajay Kumar Bansal (Executive Director) – Member

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Auditor's Report

Statutory auditors M/s A. N. Garg & Company, Chartered Accountants, conducted the limited review of both standalone and consolidated financial statements and issued an unmodified review conclusion.