Hi-Tech Pipes Ltd, (NSE:HITECH), a steel pipes and tubes manufacturer, reported stable operational performance for the quarter ended December 31, 2025, while nine-month results reflected growth driven by capacity expansion, higher volumes and sustained domestic infrastructure demand.
Hi-Tech Pipes manufactures electric resistance welded (ERW) steel pipes, hollow sections, colour-coated sheets and coils, and other steel products used in infrastructure, construction, engineering and industrial applications. The company operates a diversified manufacturing network across India and supplies products to distributors, infrastructure developers, EPC contractors and industrial customers.
Key Financial Performance – Q3 & 9M FY26
- Q3 FY26 (Quarter Ended Dec 31, 2025)
- Revenue from Operations: ₹762 crore
- EBITDA: ₹41 crore
- EBITDA Margin: ~5.4%
- Profit After Tax (PAT): ₹17 crore
- Sales Volume: ~1.09 lakh tonnes
- 9M FY26 (Nine Months Ended Dec 31, 2025)
- Revenue from Operations: ₹2,279 crore
- EBITDA: ₹132 crore
- EBITDA Margin: ~5.8%
- Profit After Tax (PAT): ₹55 crore
- Sales Volume: ~3.33 lakh tonnes
Key Takeaways
- For the third quarter and nine months ended December 31, 2025, the company reported growth in consolidated revenue and operating performance supported by higher volumes and improved utilisation across facilities. EBITDA and profitability trends reflected operational efficiency initiatives, product mix optimisation and scale benefits from expanded manufacturing capacity.
- Nine-month results showed stronger momentum compared with the prior period, aided by demand from infrastructure, real estate, renewable energy and general engineering sectors.
Operational Metrics & Capacity
- Hi-Tech Pipes continued expanding its manufacturing footprint and strengthening backward integration to improve margins and supply chain control. Production volumes increased during the nine-month period as newly commissioned capacities ramped up.
- The company’s product portfolio includes MS pipes, GI pipes, hollow structural sections, CR coils and colour-coated steel products. Investments in modern production technology and automation supported throughput and cost efficiencies.
Industry Environment
- India’s steel pipes sector remains supported by infrastructure investments, urbanisation, housing demand, water supply projects and renewable energy expansion. Government initiatives in construction and manufacturing continue to drive long-term demand for structural steel products.
- Domestic steel demand trends and stable raw material availability also contributed to improved operating visibility during the reporting period.
Geographic Presence & Customers
- Hi-Tech Pipes operates multiple manufacturing units across India, enabling pan-India distribution through an extensive dealer and distributor network. Its products cater to infrastructure developers, construction companies, industrial manufacturers, OEMs and engineering firms.
Achievements & Strategic Initiatives
- During the period, the company focused on capacity addition, product diversification and strengthening its distribution reach.
- Operational improvements and integration initiatives were aimed at improving profitability and long-term competitiveness.
Management Commentary & Outlook
Management highlighted continued focus on operational efficiency, capacity utilisation and expanding market share in value-added products. While no formal financial guidance was provided, the company indicated confidence in growth prospects supported by infrastructure demand, manufacturing expansion and a favourable industry outlook.
Market Sentiment
Investor sentiment around domestic infrastructure and manufacturing plays remains constructive, with capacity expansion and scale positioning companies such as Hi-Tech Pipes to benefit from structural demand growth in the Indian steel consumption cycle.