HARIOMPIPEHariom Pipe Industries Ltd.
Hariom Pipe Industries Q2 FY27 Results: Consolidated Net Profit ₹25.28 Crore on Total Income of ₹555 Crore
- Earnings
- steel pipes
Reviewed byKeshav SehgalBlacklitt Research
Hariom Pipe Industries reported consolidated total income of ₹555.31 crore and net profit of ₹25.28 crore for the quarter ended 30 Sep 2026. On a standalone basis, total income was ₹557.67 crore and net profit ₹28.52 crore. The company said in a filing on 04 Nov 2026.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹555.31 crore, up 64.9% YoY and 29.0% QoQ
- Net profit and EPS: ₹25.28 crore, up 142.7% YoY; basic EPS ₹8.16 against ₹3.36
- Finance costs: ₹17.26 crore, up 30.0% YoY and 28.6% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹557.67 crore, up 65.6% YoY and 29.3% QoQ
- Net profit and EPS: ₹28.52 crore, up 173.9% YoY; basic EPS ₹9.21 against ₹3.36
- Finance costs: ₹16.99 crore, up 28.0% YoY and 26.6% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 555.31 | 336.77 | +64.9% | 430.54 | +29.0% | |
| Revenue from operations | 554.60 | 335.87 | +65.1% | 429.18 | +29.2% |
| Other income | 0.71 | 0.90 | -21.1% | 1.36 | -47.7% |
| 25.28 | 10.41 | +142.7% | 16.60 | +52.3% | |
| Profit before tax | 34.72 | 14.29 | +143.0% | 22.41 | +54.9% |
| Finance costs | 17.26 | 13.27 | +30.0% | 13.42 | +28.6% |
| Depreciation | 16.73 | 16.06 | +4.2% | 15.43 | +8.4% |
| Tax expense | 9.44 | 3.88 | +143.5% | 5.81 | +62.5% |
| Net profit margin | 4.55% | 3.09% | +1.46 pp | 3.86% | +0.70 pp |
| EPS, basic (₹) | 8.16 | 3.36 | +142.9% | 5.36 | +52.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose 142.7% from a year earlier, to ₹25.28 crore, while total income rose 64.9%, to ₹555.31 crore. Profit before tax rose 143.0%, to ₹34.72 crore, and tax expense rose 143.5%, to ₹9.44 crore. Basic EPS was ₹8.16, against ₹3.36 in the year-earlier quarter.
Against the June 2026 quarter, total income rose 29.0% and net profit rose 52.3%. The filing says the suspension of the Perundurai unit had an impact on revenue and profitability in the June 2026 quarter, and that operations there restarted on 13 Jul 2026.
Finance costs rose 30.0%, to ₹17.26 crore, and were 3.1% of total income. Depreciation rose 4.2%, to ₹16.73 crore. For the half year ended 30 Sep 2026, net cash from operating activities was ₹34.26 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 557.67 | 336.77 | +65.6% | 431.23 | +29.3% | |
| Revenue from operations | 554.24 | 335.87 | +65.0% | 429.18 | +29.1% |
| Other income | 3.43 | 0.90 | +280.3% | 2.05 | +67.7% |
| 28.52 | 10.42 | +173.9% | 17.36 | +64.3% | |
| Profit before tax | 37.95 | 14.29 | +165.5% | 23.17 | +63.8% |
| Finance costs | 16.99 | 13.27 | +28.0% | 13.42 | +26.6% |
| Depreciation | 16.15 | 16.06 | +0.5% | 15.37 | +5.0% |
| Tax expense | 9.42 | 3.88 | +143.1% | 5.81 | +62.2% |
| Net profit margin | 5.11% | 3.09% | +2.02 pp | 4.03% | +1.09 pp |
| EPS, basic (₹) | 9.21 | 3.36 | +174.1% | 5.61 | +64.2% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit rose 173.9% from a year earlier, to ₹28.52 crore, faster than total income, which rose 65.6% to ₹557.67 crore. Profit before tax rose 165.5%, to ₹37.95 crore, and basic EPS rose to ₹9.21 from ₹3.36.
Other income rose 280.3%, to ₹3.43 crore, while revenue from operations rose 65.0%, to ₹554.24 crore. Other income was 0.6% of total income this quarter.
Finance costs rose 28.0%, to ₹16.99 crore, and depreciation rose 0.5%, to ₹16.15 crore. Against the June 2026 quarter, net profit rose 64.3%, from ₹17.36 crore to ₹28.52 crore. For the half year ended 30 Sep 2026, net cash from operating activities was ₹33.11 crore.
Inference
After approval by the board and shareholders, the company allotted 15,00,000 convertible warrants on a preferential basis on 27 Jul 2026 at ₹343.03 a warrant, aggregating ₹51.45 crore. It received ₹12.86 crore, 25% of the consideration, on allotment. The balance is payable on conversion within 18 months, on or before 27 Jan 2028.
The statutory auditors, R Kabra & Co. LLP, issued an unmodified limited review conclusion on both sets of results. Their report puts the net loss after tax of subsidiary Hariom Power and Energy Private Limited at ₹58.71 lakh for the quarter, and that of Metal Mart Private Limited at ₹0.64 lakh. During the quarter, Hariom Power and Energy Private Limited commissioned a 5 MW (AC) solar plant in Maharashtra.
Rajdeep Tripathi was appointed Vice President - Human Resources (HR), Hariom Group, as Senior Management Personnel with effect from 4 Nov 2026, on a full-time employment basis. The filing does not give a reason for the rise in revenue from operations this quarter.
Filed with BSE on . Reference: Original filing (PDF)
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