Hariom Pipe Q4 FY26 profit up 75% as sales hit ₹507cr

Overview of the March 2026 quarter update

Hariom Pipe Industries reported a sharp improvement in consolidated earnings for the quarter ended March 2026 (Q4 FY26), alongside strong revenue growth. Consolidated net profit rose 74.59% year-on-year (YoY) to ₹30.10 crore, while sales increased 26.91% YoY to ₹507.27 crore. The performance was also stronger on a sequential basis, with the company’s Q4 sales up 39.80% over Q3 FY26 and net profit up 159.71% over the prior quarter. The numbers were published as part of an earnings update attributed to Capital Market - Live News and were widely circulated across market data platforms.

Key financials: Q4 FY26 vs Q4 FY25

For Q4 FY26, Hariom Pipe’s operating profit margin (OPM) was reported at 12.59%, compared with 12.22% in the year-ago quarter. Profit before depreciation and tax (PBDT) increased to ₹58.92 crore from ₹37.07 crore. Profit before tax (PBT) rose to ₹41.69 crore from ₹23.45 crore, reflecting the stronger operating performance alongside higher revenues. Net profit came in at ₹30.10 crore, compared with ₹17.24 crore in Q4 FY25.

Full-year FY26 performance

For the year ended March 2026, consolidated sales rose 22.84% to ₹1,666.95 crore, up from ₹1,357.05 crore in FY25. Consolidated net profit increased 22.65% to ₹75.71 crore, compared with ₹61.73 crore in FY25. Full-year OPM was reported at 12.56% versus 12.93% in the previous year, indicating a modest decline in margin despite higher scale. Full-year PBDT stood at ₹169.01 crore versus ₹133.41 crore, and PBT increased to ₹103.74 crore from ₹83.10 crore.

How Q4 compared with Q3 FY26

The March 2026 quarter stood out for its sequential acceleration. Net sales of ₹507.27 crore were reported to be 39.80% higher than the December 2025 quarter’s ₹362.85 crore. Consolidated net profit rose to ₹30.10 crore from ₹11.59 crore in Q3 FY26, translating into 159.71% quarter-on-quarter (QoQ) growth. Company highlights also described Q4 revenue from operations at ₹507.27 crore and EBITDA margin at 12.59%, aligning closely with the OPM trend reported in the earnings table.

Cash flow and leverage indicators disclosed

Alongside profit growth, the company’s update included balance-sheet and cash-flow indicators for FY26. Operating cash flow was reported at ₹192.08 crore, with an “EBITDA to cash conversion” of around 92%. Net Debt to EBITDA improved to 1.65x. The debt equity ratio was reported at 0.54x as on March 31, 2026. These figures were presented as part of the FY26 highlights shared in the results note.

Consolidated and standalone disclosures in the update

The release carried both consolidated and standalone financial highlights, with several items presented in lakh and corresponding crore terms. For Q4 FY26, consolidated revenue from operations was stated as ₹507.27 crore (₹50,726.85 lakh), and total income was stated as ₹516.65 crore (₹51,664.56 lakh). Consolidated PBT for Q4 FY26 was reported as ₹41.69 crore (₹4,169.47 lakh), and PAT was reported as ₹30.10 crore (₹3,009.99 lakh). The note also included standalone figures for Q4 FY26 with revenue from operations at ₹507.27 crore and standalone PAT presented at ₹30.18 crore (₹3,018.34 lakh).

Stock snapshot on May 26, 2026

Market data for Hariom Pipe Industries showed the stock trading at ₹422.60, up ₹9.40 (2.27%) as of 15:10 on May 26, 2026. The day’s high was ₹440.85 and the day’s low was ₹406.80. NSE volume was reported at 2,416,435 shares. These trading metrics provide context on how the stock was behaving around the time results commentary was being tracked by investors.

Summary table: reported financial highlights (₹ crore)

The earnings table published with the update set out the core financial comparison for Q4 and the full year.

Why the results matter for tracking performance

The reported numbers show a clear combination of revenue growth and faster profit growth in Q4 FY26, with sequential momentum also highlighted by the QoQ surge from the December 2025 quarter. At the same time, the full-year margin line shows that OPM for FY26 (12.56%) was below FY25 (12.93%), even as sales expanded. For investors, the results package also added balance-sheet context through net debt metrics and the debt equity ratio as of March 31, 2026. Separately, earlier reported quarterly sales data points - such as December 2025 net sales of ₹362.85 crore and March 2025 net sales of ₹399.70 crore - help place the Q4 FY26 jump in a broader run-rate context.

Closing takeaways

Hariom Pipe Industries’ March 2026 quarter results showed sales of ₹507.27 crore and consolidated net profit of ₹30.10 crore, both higher than the year-ago quarter, with strong sequential gains versus Q3 FY26. For FY26, sales rose to ₹1,666.95 crore and net profit increased to ₹75.71 crore, according to the published financial table. The update also disclosed operating cash flow of ₹192.08 crore and leverage ratios as of March 31, 2026. The next market focus will typically shift to management commentary and subsequent quarterly filings for confirmation of whether the Q4 pace is sustained.