The Board of Directors of Hi-Tech Pipes Limited, in their meeting held on May 28, 2026, approved the audited financial results for the quarter and financial year ended March 31, 2026. The company reported a standalone net revenue from operations of ₹118,871.08 Lakhs for the quarter ended March 31, 2026, compared to ₹57,153.31 Lakhs in the corresponding quarter of the previous year and ₹90,171.25 Lakhs in the previous quarter. The standalone profit after tax for the quarter stood at ₹1,600.21 Lakhs, compared to ₹1,630.21 Lakhs in the same quarter last year and ₹1,378.34 Lakhs in the preceding quarter.

Hi-Tech Pipes Limited is a prominent player in the steel pipes and tubes industry, manufacturing a diverse range of products including MS pipes, hollow sections, GPGC sheets, color-coated coils, and GI/GP pipes. The company has been actively expanding its operations, recently acquiring 100% shareholding in Sain Software Systems Private Limited on March 31, 2026, to diversify its business interests. During the board meeting, the company also announced the proposal to issue 9,000,000 fully convertible equity warrants to the promoter group at an exercise price of ₹100 per share. The board also appointed M/s S. Shekhar & Co. as cost auditors and M/s BAS & Co. LLP as internal auditors for the financial year 2026-27.

For the quarter ended March 31, 2026, Hi-Tech Pipes achieved a standalone revenue of ₹118,871.08 Lakhs and a profit after tax of ₹1,600.21 Lakhs. This represents a significant year-on-year revenue growth of 107.99%, though profit after tax saw a slight decline of 1.84% compared to the same period last year. On a quarter-on-quarter basis, the company demonstrated strong performance with revenue growth of 31.83% and profit growth of 16.10%. The warrant issuance involves key promoter group entities, including Vipul Bansal, AKS Buildcon Pvt. Ltd., and Hi-Tech Agrovision Pvt Ltd.