Hi-Tech Pipes Share: Revenue mein **40%** ka dhamaka, par profit mein thodi gadbad!

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AuthorAarav Shah|Published at:
Hi-Tech Pipes Share: Revenue mein **40%** ka dhamaka, par profit mein thodi gadbad!
Overview

Arre bhaiyo, Hi-Tech Pipes ne apna Q3 FY26 ka result announce kar diya hai, aur kamaal ki baat yeh hai ki unka revenue **40%** badh kar **₹1,070 Crore** ho gaya hai. Sales volume bhi **10%** upar chala gaya, **136,000 tons** tak pahunch gaya. Lekin, thoda twist hai, Profit After Tax (PAT) **9%** gir gaya, **₹17 Crore** par aa gaya.

Achanak profit kyon gira?

Dekho, revenue toh badhiya hai, par profit mein kami ka reason hai steel prices mein chal rahi gadbad, especially hot-rolled coil prices. Imports ka pressure bhi tha, jiske karan company ka Profit After Tax (PAT) 9% kam hokar ₹17 Crore ho gaya, jo pichhle saal isi quarter mein ₹19 Crore tha. Haan, EBITDA 4% badhkar ₹42 Crore zaroor hua, par PAT mein giri hui margin compression ko dikha rahi hai.

Agar 9 mahine (9M FY26) ki baat karein toh revenue 17% badh kar ₹2,720 Crore ho gaya tha, aur EBITDA ₹127 Crore par stable tha.

Aage kya hai plan? Capacity expansion ka bhandar!

Ab achi khabar yeh hai ki government ne December 30, 2025 se steel par safeguard duty laga di hai. Company ko lagta hai ki isse prices stabilize hongi aur margin mein sudhar aayega. Unka target hai EBITDA per ton ₹4,000 se ₹4,500 tak pahunchane ka, aur Q4 FY26 mein Q3 se achha performance expect kar rahe hain.

Aur suno, company apna manufacturing infrastructure bhi tezi se badha rahi hai! Sanand Unit II Phase 2 aur Jammu facility start ho gayi hai, jo 1 lakh tons aur 80,000 tons capacity add karegi. Sikandrabad, UP wala facility bhi jaldi start hone wala hai. Ab company ki total installed capacity 10 lakh (1 million) tons ho gayi hai! Aur FY29 tak ise 20 lakh (2 million) tons tak le jaane ka bada plan hai, jismein end FY27 tak Hindupur mein 2.5 lakh tons aur add honge. Is 1 million ton capacity expansion ke liye around ₹500-600 Crore ka capex ho raha hai.

Growth Drivers aur Future Outlook

Future mein growth ke liye company infra development, urbanization aur renewable energy sector se aane wali heavy demand par depend kar rahi hai. Unka target hai saal dar saal 20-25% volume growth maintain karna next 6-7 saal tak. Exports ko bhi boost de rahe hain, target 10% tak pahunchane ka hai. Value-added products par focus badha rahe hain, jisse FY26 tak 42-43% aur baad mein 50% tak pahunchna hai.

Risks ki baat karein toh steel prices ka fluctuation abhi bhi ek major concern hai, lekin safeguard duty se thoda relief milega. Execution risk bhi hai. Par haan, company ke paas ₹200-250 Crore ka order book hai aur SAIL, ArcelorMittal jaise bade players ke saath MOUs bhi hain. Overall, company ka outlook positive lag raha hai.

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