Hi-Tech Pipes
Hi-Tech Pipes Q2 FY26 earnings call: Revenue & Margins
Q2 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #18 of 100 in Industrial Products
See the sector's top 10 — free with your mobile number.
The short version
Hi-Tech Pipes plans to commission an additional 1 million tons capacity by FY '28 and mid FY '29, involving both brownfield and greenfield expansions. Hi-Tech Pipes targets steady volume growth, aiming for 5.5 to 6 lakh tons in FY '26, including new capacities.
From Hi-Tech Pipes's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Hi-Tech Pipes plans to commission an additional 1 million tons capacity by FY '28 and mid FY '29, involving both brownfield and greenfield expansions.
- The new greenfield project at Hindupur (1.5 lakh ton capacity) focuses on value-added coated products, expected to complete by Q1 FY '28.
- Volume guidance for FY '26 is maintained at 5.5 to 6 lakh tons, with commercial production ramping up in new facilities.
- The value-added product mix is expected to increase to 45%-47% in FY '27 from 41%-42% this year.
- Export volumes are growing steadily, currently 6,000-7,000 tons per quarter, aiding revenue growth.
- Revenue growth is driven by product mix improvement, higher realization from value-added products, and expanding export markets.
2 more points from Hi-Tech Pipes's call on revenue
Create a free account to keep reading this call
Profitability & Margins
See what Hi-Tech Pipes said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Ongoing capacity expansion of 3 lakh tons at existing facilities is in advanced commissioning stage; trial runs started, commercial production expected in Q3 FY '26.
- Greenfield manufacturing project at Hindupur, Andhra Pradesh with 1.5 lakh ton capacity focused on value-added coated products; foundation laid recently, expected completion by Q1 FY '28.
- Additional 1 million tons capacity planned by FY '28 to mid FY '29, partly brownfield and partly greenfield; land and approvals mostly in place; construction commenced on some sites.
- Capex guidance: approximately INR 200 crores for FY '26, and INR 120-130 crores for FY '27, similar to prior years.
2 more points from Hi-Tech Pipes's call on capex
Create a free account to keep reading this call
Top-ranked in Industrial Products
Ranked on what management guided this quarter
Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.
Fundraising & Capital Structure
See what Hi-Tech Pipes said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- The order book is described as "strong" with robust demand, particularly after the festive and monsoon periods.
- The company is targeting volumes of 3 lakh to 3.5 lakh tons in H2 FY '26, indicating a healthy pending/completed orders backlog to support this.
- The demand is driven by infrastructure, construction, and dealer segments.
- There's an expectation of improving demand momentum especially from infrastructure in the current quarter.
- The new capacities being commissioned are expected to contribute to fulfilling this order book soon.
2 more points from Hi-Tech Pipes's call on order book
Create a free account to keep reading this call
Hi-Tech Pipes — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹1.2K Cr, net profit ₹16 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
Full financials →Continue your research
What Hi-Tech Pipes Ltd's management said in earlier quarters
Others in Industrial Products this season
- Lead Reclaim and Rubber Products Ltd (Q2 FY26)
Revenue from Operations for H1 FY26: ₹2,190 lakhs, up 138.04% YoY (from ₹920 lakhs in H1 FY25) (Page 19) . Key investor presentation takeaways from Lead Reclaim
- Shubhshree Biofuels Energy Ltd (Q2 FY26)
Revenue from operations for H1 FY26: ₹9,604.6 Lakhs . Key investor presentation takeaways from Shubhshree Biofuels Energy Ltd's Q2 FY26 investor presentation —
- De Neers Tools Ltd (Q2 FY26)
H1FY26 Net Sales:** ₹670.4 Mn . Key investor presentation takeaways from De Neers Tools's Q2 FY26 investor presentation — and how it ranks against sector peers.
- WOL 3D India Ltd (Q2 FY26)
Revenue from Operations for H1FY26 is Rs 415 Mn, up 82% YoY from Rs 227 Mn in H1FY25 (Page 9, Page 5). Key investor presentation takeaways from WOL 3D India Ltd
Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Arthneeti Pro · Annual
Hi-Tech Pipes and 15K+ more earnings calls,
for less than your morning chai
a day
Every earnings call, ranking and concall Q&A across all four results seasons.
Secure Razorpay payment · instant access
Frequently Asked Questions
What were Hi-Tech Pipes Q2 FY26 results?
Hi-Tech Pipes plans to commission an additional 1 million tons capacity by FY '28 and mid FY '29, involving both brownfield and greenfield expansions. Hi-Tech Pipes targets steady volume growth, aiming for 5.5 to 6 lakh tons in FY '26, including new capacities.
What is Hi-Tech Pipes share price analysis?
Hi-Tech Pipes currently shows a neutral. The stock trades at a P/E of 21.1 with a market cap of ₹1,589 Cr. Investors should review the full earnings analysis for detailed insights.
Is Hi-Tech Pipes planning capital expenditure?
Ongoing capacity expansion of 3 lakh tons at existing facilities is in advanced commissioning stage; trial runs started, commercial production expected in Q3 FY '26.
Keep Hi-Tech Pipes on your radar — track it to get its next earnings analysis in your feed.
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.