Hi-Tech Pipes Q2 FY27 Results: Consolidated Net Profit ₹27.25 Crore on Total Income of ₹1,467 Crore
- Earnings
- steel pipes and CR products
Reviewed byKeshav SehgalBlacklitt Research
Hi-Tech Pipes (NSE: HITECH) reported consolidated total income of ₹1,466.91 crore and consolidated net profit of ₹27.25 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹1,166.02 crore and standalone net profit ₹18.44 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,466.91 crore, up 70.6% YoY and 3.8% QoQ
- Net profit and EPS: ₹27.25 crore, up 34.5% YoY; basic EPS ₹1.34 against ₹1.01
- Finance costs: ₹12.76 crore, up 8.4% YoY and down 18.6% QoQ
Standalone
The company on its own, without its subsidiaries
- Total income: ₹1,166.02 crore, up 61.6% YoY and 4.8% QoQ
- Net profit and EPS: ₹18.44 crore, up 11.6% YoY; basic EPS ₹0.91 against ₹0.82
- Finance costs: ₹9.44 crore, down 1.1% YoY and 24.5% QoQ
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,466.91 | 859.91 | +70.6% | 1,413.37 | +3.8% | |
| Revenue from operations | 1,466.23 | 858.77 | +70.7% | 1,412.80 | +3.8% |
| Other income | 0.67 | 1.15 | -41.3% | 0.56 | +19.3% |
| 27.25 | 20.26 | +34.5% | 20.04 | +36.0% | |
| Profit before tax | 35.97 | 27.07 | +32.9% | 26.48 | +35.8% |
| Finance costs | 12.76 | 11.77 | +8.4% | 15.67 | -18.6% |
| Depreciation | 8.52 | 6.64 | +28.3% | 7.79 | +9.4% |
| Tax expense | 8.72 | 6.81 | +28.0% | 6.44 | +35.3% |
| Net profit margin | 1.86% | 2.36% | -0.50 pp | 1.42% | +0.44 pp |
| EPS, basic (₹) | 1.34 | 1.01 | +32.7% | 0.99 | +35.4% |
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.
Across the half year, consolidated total income was ₹2,880.28 crore and standalone total income ₹2,278.82 crore. Standalone net profit for the half year was ₹33.60 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,166.02 | 721.53 | +61.6% | 1,112.80 | +4.8% | |
| Revenue from operations | 1,165.45 | 721.21 | +61.6% | 1,112.27 | +4.8% |
| Other income | 0.57 | 0.32 | +78.5% | 0.53 | +7.5% |
| 18.44 | 16.52 | +11.6% | 15.16 | +21.6% | |
| Profit before tax | 24.64 | 22.08 | +11.6% | 20.26 | +21.6% |
| Finance costs | 9.44 | 9.55 | -1.1% | 12.51 | -24.5% |
| Depreciation | 6.82 | 5.74 | +18.9% | 6.52 | +4.5% |
| Tax expense | 6.20 | 5.56 | +11.6% | 5.10 | +21.6% |
| Net profit margin | 1.58% | 2.29% | -0.71 pp | 1.36% | +0.22 pp |
| EPS, basic (₹) | 0.91 | 0.82 | +11.0% | 0.75 | +21.3% |
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.
Standalone profit grew much more slowly than consolidated profit. Total income rose 61.6% to ₹1,166.02 crore, and net profit rose 11.6% to ₹18.44 crore, in line with profit before tax.
The gap between the two sets of results is ₹300.89 crore in total income and ₹8.81 crore in net profit. Standalone finance costs of ₹9.44 crore were slightly lower than a year earlier, at 0.8% of total income this quarter.
Standalone other income of ₹0.57 crore is 2.3% of profit before tax of ₹24.64 crore. Tax was 25.2% of profit before tax.
Inference
The filing states that the results were approved by the Board on 05 Nov 2026 and reviewed by the statutory auditor, A. N. Garg & Company, which issued an unmodified limited review report. The results report no dividend, and the filing gives no outlook or guidance for future quarters.
Mukesh Kumar Garg's tenure as a Non-Executive Independent Director ends on 02 Dec 2026, and the Risk Management, CSR and Securities Allotment Committees will be reconstituted from 03 Dec 2026. The filing does not say why these changes were made beyond the end of his tenure, or who will replace him.
Filed with BSE on . Reference: Original filing (PDF)
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