{"id":174053,"date":"2026-01-22T10:53:20","date_gmt":"2026-01-22T15:53:20","guid":{"rendered":"https:\/\/alphastreet.com\/india\/hi-tech-pipes-limited-hitech-q1-2026-earnings-call-transcript\/"},"modified":"2026-01-22T10:53:20","modified_gmt":"2026-01-22T15:53:20","slug":"hi-tech-pipes-limited-hitech-q1-2026-earnings-call-transcript","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/hi-tech-pipes-limited-hitech-q1-2026-earnings-call-transcript\/","title":{"rendered":"Hi-Tech Pipes Limited (HITECH) Q1 2026 Earnings Call Transcript"},"content":{"rendered":"

Hi-Tech Pipes Limited (NSE: HITECH) Q1 2026 Earnings Call dated Aug. 08, 2025<\/span><\/strong><\/p>\n

Corporate Participants:<\/h2>\n

Unidentified Speaker<\/strong><\/p>\n

Anish Bansal<\/strong> \u2014 Chief Executive Officer<\/em><\/p>\n

Analysts:<\/h2>\n

Unidentified Participant<\/strong><\/p>\n

Nishant Gupta<\/strong> \u2014 Analyst<\/em><\/p>\n

Aadesh Mehta<\/strong> \u2014 Analyst<\/em><\/p>\n

Presentation:<\/h2>\n

operator<\/strong><\/p>\n

Ladies and gentlemen, good day and welcome to the earnings conference call hosted by Hitech Pipes Limited. As a reminder, all participant lines will be in the listen only mode and there will be an opportunity for you to ask questions after the presentation concludes. Should you need assistance during the conference call, please signal an operator by pressing Star then zero on your touchstone phone. I now hand the conference over to Mr. Anish Bansal, whole time director from Hitech Pipes Limited. Thank you. And over to you, Mr. Bansal.<\/p>\n

Anish Bansal<\/strong> \u2014 Chief Executive Officer<\/em><\/p>\n

Good afternoon ladies and gentlemen. A very warm welcome to all of you and thank you for joining us on the Q1FY26 earnings conference call of Hitech Bites Limited. I am joined today by Mr. Arvind Bansal, Executive Director and Group CFO and Mr. Arun Sharma, Company Secretary and Compliance Officer. Let me take this opportunity to walk you through the highlights of our financial and operational performance for the quarter ended June 30, 2025. In Q1FY26, our revenue from operations stood at 791 crores compared to 866 crores. Sales volume increased to 1.24 lakh tonnes compared to 1.22 lakh tonnes.<\/p>\n

And in the corresponding quarter last year, demonstrating our sustained market momentum, we recorded an EBITDA of rupees 41.03 crores and our profit after tax stood at 21 crores marking the highest ever quarterly pat in the company’s history. A significant milestone and validation of our disciplined execution on per term basis. Our ebitda stored at 3,308 rupees reflecting a notable improvement of 10% on quarter on quarter basis driven better product list and improved realizations. Now let me provide an update on our ongoing capacity expansion initiatives which will take us beyond 1 million tonnes of installed capacity. Port commissioning our green PD plant at Sikandabad is in final stage of commissioning and is expected to begin commercial production in Q2FY26.<\/p>\n

This advanced facility will manufacture specialized ERW pipes catering to infrastructure, defense and renewable energy sectors and is set to significantly extend our presence in North India. Our brownfield expansion at Sanand Unit 2 Phase 2 is also on track to commence production in Q2FY26. This facility is being developed as dedicated manufacturing hub for the infrastructure and renewable energy segments. Encouragingly, we are consistently witnessing strong order inflows from the renewable energy sector and our special grade pipes have been very well received in the market. This validates our strategic focus on innovation and engineering excellence. We continue to enhance our product portfolio in alignment with market needs and application trends.<\/p>\n

During the quarter, we added new SKUs across our product categories enabling us to cater to a broader spectrum of customers and expand our relevance in both infrastructure and industrial markets. Strengthening market presence remains a core priority. In Q1 FY26, we executed our targeted door to door campaign across South India and North India where our teams engage directly with fabricators, contractors, retailers and architects. These efforts are building brand trust, customer loyalty and positioning high tech pipes as a preferred name in key micro markets. Looking ahead, we remain committed to our vision of achieving 2 million tons of installed capacity by FY29 in alignment with India’s accelerating infrastructure and industrial growth.<\/p>\n

As part of this growth roadmap, we are also undertaking a strategic foray into API grade pipe manufacturing aimed at significantly increasing our share of high value precision engineering products. This initiative will be integrated into our 2 million ton vision. Currently we are in the process of finalizing vendors, technology tie ups, infrastructure planning, quality certifications and compliance, etc. With the commissioning of upcoming capacities, deeper penetration to value added segments, a growing export footprint and continued cost discipline, Hytech Pipes is well positioned to deliver sustainable, scalable and profitable growth. We now open the floor for any questions.<\/p>\n

Thank you.<\/p>\n

Questions and Answers:<\/h2>\n

operator<\/strong><\/p>\n

Thank you very much. We will now begin the question and answer session. Anyone who wishes to ask a question may press star N1 on their touchstone telephone. If you wish to remove yourself from the question queue, you may press star N2. Participants are requested to use handsets while asking a question. Ladies and gentlemen, we will wait for a moment while the question queue assembles. Participants, please press time one to ask a question. Ladies and gentlemen, you may press STAR and one to ask a question. The first question comes from the line of Nishant Gupta from Myanbera Capital Research Solutions.<\/p>\n

Please go ahead.<\/p>\n

Nishant Gupta<\/strong><\/p>\n

Thank you for the opportunity. Congratulations on posting the iOS pattern. I wanted to understand first the reverse capacities which are coming live from Q2FY26. What are we expecting in terms of the top line and how. When should we see the contribution of value added products in the future? If you can slide it.<\/p>\n

Anish Bansal<\/strong><\/p>\n

Yeah. Good afternoon Nishan. So basically you know this. Both the facilities in Sikandrabad and Sananda, the cumulative capacity is around, you know 2 lakh 50,000 tons annually. And with this, you know, we are hopeful that in the first year we’ll have a 50% utilization from these both the expanded capacities. So this is a volume growth that we are looking at from Q3 onwards. Secondly, when it comes to value addition, so both the projects are focused mainly towards High value added products. Whether it is renewable energy sector side or some defense pipes that we have identified and some special SKUs and coated products.<\/p>\n

So this added capacity is mainly in the valuation segment. So we are hopeful once you know these capacities come up and we’ll have a good room for our EBITDA margin growth.<\/p>\n

Nishant Gupta<\/strong><\/p>\n

So sir, can we see this value added product which you in your investor presentation. 37% probably go up to let’s say 45% also.<\/p>\n

Anish Bansal<\/strong><\/p>\n

45%. Yes, yes, yes. For sure. We are looking upwards of 45% with this expanded capacity.<\/p>\n

Nishant Gupta<\/strong><\/p>\n

Also. Clarify. So there was a. The volume still due but the conducted, I believe the prices were a bit of a concern. So going forward sir, what is the optimal operating profit margin that we can you know, see once you know the value added share starts to go up.<\/p>\n

Anish Bansal<\/strong><\/p>\n

Yes, Nishant. So the volumes have gone up but the total revenue has come because. Has come down because of the steel price fluctuation compared to last year. And what we see is like you know how the tariffs are playing in the international market and it is having its impact on the steel prices also globally. So these prices are still not stabilized and they are fluctuating quite, you know, quite rapidly. So we are keeping an eye on this. And but I certainly feel you know the prices where we are right now operating at, you know these are like in the bottom range only.<\/p>\n

So I don’t see any further deterioration in the steel prices from here on. And if the Indian government, you know increases the safeguard duty or there is any other you know, import restriction mechanism then that will aid steel price hike. So we’ll have to wait it out.<\/p>\n

Nishant Gupta<\/strong><\/p>\n

Any impact on your order? So this way I’ve seen because of this Paris a lot of exporters at least on the exporter side. I mean people have started to see issues. But you’re saying that there is a very strong demand still in the renewable sector which we have seen. So any. Any issues that you have started to foresee in your any customers demand with the tariffs and everything or any determinant of orders which has started to happen or any information around that.<\/p>\n

Anish Bansal<\/strong><\/p>\n

So Nishan, you know this is a bit interesting for our sector. So what has happened is you know us has placed uniform tariff of 50% on steel and steel products across all the nations. So India is also in that 50% category like any other country. So now it’s sort of a level playing field for you know any other country which is outside of us is willing to export to the US market. So we are in the Same bracket. So no other country enjoys extra benefit compared to another one. So you know, this is a slight positive for the, for our sector.<\/p>\n

And you know, going forward once you know this does settles of tariffs and everything, I think you know, we will have some opportunity in the US market.<\/p>\n

Nishant Gupta<\/strong><\/p>\n

Just one final question from my side before I fall back. So what is the optimal margins that you expect? Like once the feedback is stabilized and things come back to normal? Obviously it will take some time but what are the optimal operating profit margins that you’re targeting internally which you can probably, you know, share back? This is something that we are looking at. It can be long term target but still what is something that we’re looking at?<\/p>\n

Anish Bansal<\/strong><\/p>\n

So you know, with our new product development focus, new markets, international market now we are going in API segment new. We launched new jumbo sections in last quarter. So you know, if the markets had been like, you know, you know, well aligned and perfect, four and half to 5,000 EBITDA is not a, you know, impossible target for us. But once you know, this volatility comes down, I think we’ll be in that range pretty shortly. But to give exact idea is you know, difficult right now because we see, you know, every, every month, you know, fluctuations happening.<\/p>\n

So but once the stables and with our new, this new capacity that is coming up upwards of 4000 is not a very big, a big deal. So we’re just waiting, you know, you know, for things to settle down, the prices, the prices to stabilize.<\/p>\n

Nishant Gupta<\/strong><\/p>\n

Thank you for taking the question.<\/p>\n

Anish Bansal<\/strong><\/p>\n

Thank you.<\/p>\n

operator<\/strong><\/p>\n

A reminder to all participants, please press Star in one to ask a question. Participants, you may press Star in one to ask a question. Ladies and gentlemen, please press time one to ask a question. To ask a question, I request you to press 1. Our next question comes from the line of Soham with RV Investments. Please go ahead.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Hello, I’m audible, sir.<\/p>\n

Anish Bansal<\/strong><\/p>\n

Yes.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Yeah, yeah. Hello sir. I joined in a week late. Any guidance for FY26 on the volume side?<\/p>\n

Anish Bansal<\/strong><\/p>\n

So yeah, you know the, the current run rate is around 1.25 lakh tons. And this new capacity we are, so we are operating at a pretty much, you know, at the optimal level right now. And this, with the, you know, with this commissioning of both the, both the new facilities, we are hoping of 50% utilization from these facilities going forward. So you know, any, anywhere between five and a half lakh to six lakh tons is a, is a number, is a volume number that we are looking at.<\/p>\n

Unidentified Participant<\/strong><\/p>\n

Okay sir, thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you. A reminder to all participants, you may press time one to ask a question. Participants please press time one to ask a question. Our next question comes from the line of Adesh Mehta from Motila Oswald amc. Please go ahead.<\/p>\n

Aadesh Mehta<\/strong><\/p>\n

Hello sir. Am I audible?<\/p>\n

Anish Bansal<\/strong><\/p>\n

Yes sir. Good afternoon.<\/p>\n

Aadesh Mehta<\/strong><\/p>\n

Good afternoon sir. Just wanted to understand this volume of around 1 lakh 24,000 tons which we did this quarter. What do we think? And plus with the new plants also getting operational, how will the volume ramp up be? You know, quarter on quarter. Going ahead, we understand that full year. Ramp up can be anywhere between 5.5 to 6. But what is the quarterly trajectory?<\/p>\n

Anish Bansal<\/strong><\/p>\n

So Adeji, we are looking at approximately 30,000 tonnes, you know from both the facilities on a quarter quarterly basis to start with. And this will be, you know, this will be ramped up quarter on quarter. But this is, you know, 30, 000 is, you know we are quite confident that you know the first quarter itself, we’ll do a 30000 volume from these facilities in the, in the first quarter.<\/p>\n

Aadesh Mehta<\/strong><\/p>\n

Okay. So first quarter will be 2Q right?<\/p>\n

Anish Bansal<\/strong><\/p>\n

First quarter will be Q3.<\/p>\n

Aadesh Mehta<\/strong><\/p>\n

Q3. Okay. So 2Q will also be flattish.<\/p>\n

Anish Bansal<\/strong><\/p>\n

So Q3 will be approximately in this range. You know, if this facility come in like you know late of August as we are thinking so there might be some incremental volume from, from this for this quarter.<\/p>\n

Aadesh Mehta<\/strong><\/p>\n

Got it, Got it. So basically even next quarter we’ll be doing around 1 lakh 24 thousand, right?<\/p>\n

Anish Bansal<\/strong><\/p>\n

Sure. As I said, you know, in the, if you know we are able to you know, commission it, you know, in this month and so we’ll have 1, 1, 1 month in our hand and we are, we are hopeful that you know some, some quantity should come from, from this for this quarter also. But to you know, define it number. You know, it will be slightly difficult, you know it will be premature right now. But there will be definitely, you know there will be some, some addition.<\/p>\n

Aadesh Mehta<\/strong><\/p>\n

Okay sir. And then what is your. So we are seeing y connected. What is our understanding of margins and where can it go at going forward?<\/p>\n

Anish Bansal<\/strong><\/p>\n

There is, you know, 100, 150 rupees per ton dip is there. This is mainly due to such the steel price quality that is happening right now. So you know, prices are not stable. International prices are, you know they went down. But even then we have managed to, you know, to not get affected by that. And the branding like a lot of big company expenditure is going in branding also. But once this stabilizes this will go up. And with this new, as I mentioned earlier, these new two plants, this is mainly these products from both the plants will be focused towards value added segment and our share of value added products from 37, 38% they’ll go up to 45% with this expanded capacity so all in all you know so you know like coming quarters should be quite, quite healthy for the company.<\/p>\n

Aadesh Mehta<\/strong><\/p>\n

Wish you all the best sir.<\/p>\n

Anish Bansal<\/strong><\/p>\n

Thank you sir. Thank you so much.<\/p>\n

operator<\/strong><\/p>\n

Thank you. A reminder to all participants please press time one to ask a question. As there are no further questions from the participants I now hand the conference over to Mr. Anish Bansal for the closing comments.<\/p>\n

Anish Bansal<\/strong><\/p>\n

Thank you. On behalf of the board and the entire leadership team I would like to extend my sincere appreciation to all our stakeholders, shareholders, employees, customers and business partners for your unwavering trust and support. We look forward to building a stronger, more innovative and future ready high tech pipes. Thank you.<\/p>\n

operator<\/strong><\/p>\n

Thank you sir. On behalf of High Tech Pipes Ltd. That concludes this conference. Thank you for joining us and you may now disconnect your lines.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hi-Tech Pipes Limited (NSE: HITECH) Q1 2026 Earnings Call dated Aug. 08, 2025 Corporate Participants: Unidentified Speaker Anish Bansal \u2014 Chief Executive Officer Analysts: Unidentified Participant Nishant Gupta \u2014 Analyst Aadesh Mehta \u2014 Analyst Presentation: operator Ladies and gentlemen, good day and welcome to the earnings conference call hosted by Hitech Pipes Limited. As a […]<\/p>\n","protected":false},"author":2377,"featured_media":147581,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6349],"tags":[10169,9175,9104,9092,14492,13842,10089],"class_list":["post-174053","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-transcripts","tag-earnings","tag-earnings-call","tag-earnings-conference","tag-earnings-transcripts","tag-financial-results","tag-motherson","tag-quarterly-earnings"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2023\/05\/Transcript-thumbnail.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":180223,"url":"https:\/\/alphastreet.com\/india\/hi-tech-pipes-limited-hitech-q3-2026-earnings-call-transcript\/","url_meta":{"origin":174053,"position":0},"title":"Hi-Tech 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