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Hariom Pipe Industries Ltd

Q3 FY25Industrial Products

Hariom Pipe Industries Q3 FY25 earnings call: Revenue & Margins

Q3 FY25 earnings call: what management guided on revenue, margins and order book.

Price₹348
Market cap₹1.1K Cr
P/E15.7
Updated23 Aug 2026
Read5 min read

The short version

FY '25 volume growth expected at ~20%, targeting around 2,38,000 metric tonnes. - FY '26 target volume around 3 lakh metric tonnes, aiming to bridge current shortfall. - Anticipate continued double-digit revenue growth in FY '26. - Long-term goal to reach 4 lakh metric tonnes volume and Rs. The company anticipates a steady volume growth of approximately 20% in FY '25, reaching around 2.38 lakh metric tonnes.

From Hariom Pipe Industries Ltd's Q3 FY25 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • FY '25 volume growth expected at ~20%, targeting around 2,38,000 metric tonnes.
  • FY '26 target volume around 3 lakh metric tonnes, aiming to bridge current shortfall.
  • Anticipate continued double-digit revenue growth in FY '26.
  • Long-term goal to reach 4 lakh metric tonnes volume and Rs. 2,500 crores revenue by end FY '26 or early FY '27.
  • Strong growth in high-margin value-added products, notably galvanized pipes with 38% YoY volume increase in FY '25 nine months.
  • Price realization expected to gradually improve from current multi-year low levels.
  • Capacity expansion phased as per demand; current pipeline capacity additions (e.g., 100 TPD) in progress.

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Profitability & Margins

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Capital Expenditure Plans

  • No major CAPEX is planned for the next year at present; investments will be made on a phased basis depending on demand and financial discipline.
  • Current focus is on completing CAPEX already in the pipeline, such as the additional 100 TPD for CAC, with construction to start once approval is received (expected within 1-2 months).
  • CAPEX investment is targeted particularly for high-margin product categories like galvanized pipes but will proceed gradually.
  • Capacity expansion, especially for galvanized pipes (GP), is planned after fully utilizing existing capacity and aligning with market demand and capital availability.

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

  • The transcript does not explicitly provide detailed current or expected order book or pending orders information.
  • However, Amitabha Bhattacharya mentions strong demand in B2B segments, including government and private sectors, with ongoing supply to automotive, solar power, and fan industries.
  • The company is expanding its dealer network in western and northern India, indicating an increasing funnel of orders.
  • Sales in the galvanized segment have grown 38% year-on-year, reflecting strong order intake in high-margin products.

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Hariom Pipe Industries Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹507 Cr, net profit ₹30 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Hariom Pipe Industries Ltd Q3 FY25 results?

FY '25 volume growth expected at ~20%, targeting around 2,38,000 metric tonnes. - FY '26 target volume around 3 lakh metric tonnes, aiming to bridge current shortfall. - Anticipate continued double-digit revenue growth in FY '26. - Long-term goal to reach 4 lakh metric tonnes volume and Rs. The company anticipates a steady volume growth of approximately 20% in FY '25, reaching around 2.38 lakh metric tonnes.

What is Hariom Pipe Industries Ltd share price analysis?

Hariom Pipe Industries Ltd currently shows a neutral. The stock trades at a P/E of 15.7 with a market cap of ₹1,090 Cr. Investors should review the full earnings analysis for detailed insights.

Is Hariom Pipe Industries Ltd planning capital expenditure?

No major CAPEX is planned for the next year at present; investments will be made on a phased basis depending on demand and financial discipline. - Current focus is on completing CAPEX already in the pipeline, such as the additional 100 TPD for CAC, with construction to start once approval is received (expected within 1-2 months). - CAPEX investment is targeted particularly for high-margin product categories like galvanized pipes but will proceed gradually. - Capacity expansion, especially for galvanized pipes (GP), is planned after fully utilizing existing capacity and aligning with market demand and capital availability. - Long-term plans exist for scalable capacity expansion and adding value-added products to enhance profitability. - Fundraising of Rs.

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.