Hi-Tech Pipes Ltd Q1FY26 Consolidated Results

• Hi-Tech Pipes reported consolidated net revenues of Rs. 791.4 crore for Q1FY26, down 8.7% YoY. The volume for the quarter stood at 1.24 LTPA up by only 1.5%.
• The operating profit margin stood at 5.2%, up 26 bps YoY but on a per tonne basis it declined by 5.3% to Rs. 3,309/tn.
• Consolidated net profit was Rs. 20.9 crore in Q1FY26, up 15.9% YoY.
• We have a positive view on the stock and will provide a detailed update after the management interaction.

Results (Consolidated)                                                                     Rs cr.