Hi-Tech Pipes Ltd (NSE:HITECH)
₹ 87.28 +1.25 (+1.45%) Market Cap: 17.69 Bil Enterprise Value: 19.50 Bil PE Ratio: 23.09 PB Ratio: 1.33 GF Score: 88/100

Q3 2026 Hi-Tech Pipes Ltd Earnings Call Transcript

Feb 7, 2026 / 10:30 AM GMT

Key Points

Positve
  • Hi-Tech Pipes Ltd (NSE:HITECH) achieved its highest ever quarterly sales volume of 136,000 tons, marking a 10% increase from the previous year.
  • Revenue from operations grew by 40% year-on-year to 1,070 crores, driven by high volumes and strategic project acquisitions.
  • The company commenced commercial production at its new facilities in Sanand and Jammu, enhancing manufacturing scale and cost efficiencies.
  • The introduction of a 12% safeguard duty by the government helped stabilize domestic steel prices, improving pricing discipline and margins.
  • Hi-Tech Pipes Ltd (NSE:HITECH) has entered into long-term raw material supply MOUs, ensuring stable supply and supporting future capacity utilization.
Negative
  • Profit after tax declined by 9% year-on-year to 17 crores, impacted by a sharp correction in hot rolled coil prices.
  • The company's profitability was pressured by an influx of cheaper imports before the safeguard duty was introduced.
  • Despite revenue growth, EBITDA only increased by 4% year-on-year, indicating margin pressures.
  • The company faces challenges in balancing capacity expansion with maintaining profitability amidst volatile steel prices.
  • There is concern about potential excess capacity in the market as peers also ramp up their production capabilities.


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

HITC.NS - Hi-Tech Pipes Ltd
Q3 2026 Hi-Tech Pipes Ltd Earnings Call
Feb 07, 2026 / 10:30AM GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, good day and welcome to Q3 FY26 earnings conference call hosted by Hi-Tech Pipes Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during this conference call, please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now hand the conference over to Mr. Anish Bansal, whole-time director from High Tech Pipe Limited.

Thank you and over to you, Mr. Anish Bansal.

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Unidentified_2 [2]
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