Hi-Tech Pipes Q1FY27: Growth Led by Volume Ramp-up, With Margins Under Pressure

In Q1 FY27 (consolidated), income from operations was INR 1,412.80 crore, EBITDA was INR 49.37 crore, and profit after tax was INR 20.04 crore, as shown in the investor presentation.

Sales volume increased 26 percent year on year to 1,56,136 metric tonnes in Q1 FY27 versus 1,24,027 metric tonnes in Q1 FY26.

The presentation states installed capacity is 10,50,000 MTPA as on date, and the company aims to reach 2 million tonnes of installed capacity by FY29.

Management guided FY27 sales volume of 6.5 lakh to 7 lakh tons and FY28 sales volume of 1 million tons during the Q1 FY27 earnings call.

Management stated the DFT facility at Sanand Unit II Phase 3 is expected to be operational by Q3 FY27, API facility readiness expected by Q4 FY27, and the integrated Hindupur expansion expected to be operational by Q4 FY27.

Management stated the company has potential to get 10 percent of its revenue from international markets over the next 2 to 3 years and cited Europe, the US, Canada and Australia as focus markets.