HariOm Pipe Industries Ltd (NSE:HARIOMPIPE)

Q2 2026 Hariom Pipe Industries Ltd Earnings Call Transcript

Nov 14, 2025 / 06:00 AM GMT

Release Date Price: ₹369.6 (-0.58%)

Transcript

Key Points

Positve

HariOm Pipe Industries Ltd (BOM:543517) reported a 7% growth in both volumes and value in Q2FY26 compared to Q2FY25, demonstrating strong underlying business strength.
The company achieved a 21% year-on-year growth in sales volume for the half year, with revenue from operations reaching 797 crore, also up 21% year-on-year.
Value-added products now account for nearly 97% of total sales, helping sustain an EBITDA margin of 12.6% even in a softer pricing environment.
The company maintains a strong financial position with a debt to equity ratio of 0.65x, ROC of 21%, and ROE of 11%.
HariOm Pipe Industries Ltd (BOM:543517) signed an MOU with the government of Maharashtra to set up a 1.5 million ton per annum integrated steel plant, benefiting from substantial fiscal incentives.

Negative

The company experienced temporary softness in Q2 due to planned maintenance shutdowns and seasonality, impacting volumes.
There is a need for a 38-40% growth in volumes in Q3 and Q4 to achieve the full-year target of 30% volume growth, which may be challenging.
The company faces competition from emerging regional players in the Patra pipe segment, which could impact market share.
There was a decrease in EBITDA per ton on a year-on-year basis, attributed to fixed costs during plant shutdowns.
The narrowing price gap between HRC and Patra due to increased capacity could pressure margins and market competitiveness.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HARO.NS - Hariom Pipe Industries Ltd
Q2 2026 Hariom Pipe Industries Ltd Earnings Call
Nov 14, 2025 / 06:00AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, on behalf of Captify Consulting Investor Relations Team, I welcome you all to the Q2NH1FI26 post-earnings conference call of Hari O Pipe Industries Limited.

Today on the call from the management team we have with us, Mr. Rupesh Kumar Gupta, managing director, Mr. Amita Bhattachary, Chief Financial Officer, and Miss Rekha Singh, Company secretary. As a disclaimer, I would like to inform all of you that this call may contain forward-looking statements which may involve risk and uncertainties. Also, a reminder that this call is being recorded. I would now request the management to brief us about the business and performance highlights for the period ended September 2025, the growth plan and

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