Mumbai — Hi-Tech Pipes reported a 4.2% decline in consolidated net profit for the first quarter of fiscal 2027 as higher expenses and finance costs offset strong revenue growth.
The company’s net profit fell to Rs 20.04 crore for the quarter ended June 2026 from Rs 20.92 crore in the same period a year earlier, according to a stock exchange filing.
Shares of Hi-Tech Pipes fell as much as 6.9% to Rs 78 on the NSE following the earnings announcement.
Revenue from operations surged 78.5% year over year to Rs 1,412.8 crore from Rs 791.4 crore.
EBITDA rose 20.3% to Rs 49.38 crore from Rs 41.03 crore in the year-ago quarter. However, the EBITDA margin narrowed to 3.5% from 5.2%.
Total expenses increased 81.5% to Rs 1,386.9 crore. Purchases of stock-in-trade jumped to Rs 280.5 crore from Rs 35.2 crore, while finance costs more than doubled to Rs 15.67 crore from Rs 7.82 crore.
The company had earlier reported a 26% increase in quarterly sales volumes to 156,136 metric tons from 124,027 metric tons a year earlier. On a sequential basis, volumes rose 6% from 147,127 metric tons in the March quarter.
Hi-Tech Pipes attributed the volume growth to its diversified product portfolio, expanded manufacturing capabilities and strong customer relationships.
The company said demand remained healthy across the infrastructure, construction and engineering sectors. Continued demand from major end-user industries and ongoing capacity expansion supported revenue growth, although rising costs weighed on profitability. (Source: IANS)
