Q4 2026 Hariom Pipe Industries Ltd Earnings Call Transcript
Key Points
- HariOm Pipe Industries Ltd (BOM:543517) reported a 23% year-over-year revenue growth, reaching INR1,667 crore for FY26.
- The company achieved a 25% year-over-year growth in profit before tax, amounting to INR104 crore.
- HariOm Pipe Industries Ltd (BOM:543517) maintained a stable EBITDA margin of 12.56% despite competitive market conditions.
- The company's full-year operating cash flow improved significantly to INR192 crore, with an EBITDA to operating cash flow conversion rate of 92%.
- The company is executing a 60-megawatt AC solar power plant project, with land acquisition completed for 8 locations, indicating progress in renewable energy initiatives.
- The Tamil Nadu plant closure due to issues with the Tamil Nadu Pollution Control Board has caused operational disruptions.
- The company's actual volume growth was lower than the 30% guidance due to a focus on profitability over volume.
- Competitive market conditions and volatility in steel prices impacted the company's ability to push volume aggressively.
- The company faces challenges in maintaining consistent EBITDA per tonne due to fluctuations in raw material costs and market conditions.
- The solar power project requires significant capital investment, with INR241 crore total project cost and reliance on government subsidies.
Ladies and gentlemen, on behalf of Kaptify Consulting Investor Relations team, I welcome you all to the Q4 and FY26 Post-Earnings Conference Call of Hariom Pipe Industries Limited. Today on the call from the management, we have with us Mr. Rupesh Kumar Gupta, Managing Director; Mr. Amitabha Bhattacharya, Chief Financial Officer; and Ms. 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 risks 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 March 2026, the growth plan and vision for the coming years, post which we will open the floor for Q&A. Over to the management team.
Good afternoon, everyone. I welcome you all to the earnings conference call of Hariom Pipe Industries for the quarter and year ended March 31, 2026. This is Rupesh Kumar Gupta, Managing
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