Hariom Pipe Reports Q1 Consolidated Net Profit of 166 Million Rupees

HYDERABAD — Hariom Pipe Industries Limited reported its consolidated financial results for the first quarter of fiscal year 2027 ended June 30, 2026, recording a consolidated net profit of 166 million rupees (₹165.98 million). Consolidated revenue from operations stood at 4.29 billion rupees (₹4,291.83 million).

The company's quarterly financial performance experienced operational headwinds due to a temporary suspension of manufacturing activities at its Perundurai facility in Tamil Nadu, which impacted production and sales volumes during the three-month period.

Financial Performance Breakdown for Q1 FY27

According to the official regulatory filing submitted to the National Stock Exchange of India and BSE Limited, Hariom Pipe Industries Limited recorded a sequential and year-on-year contraction across key operational metrics:

• Consolidated Revenue from Operations: Stood at ₹4,291.83 lakh (₹4.29 billion), down from ₹5,072.69 lakh in the preceding quarter (Q4 FY26) and ₹4,609.64 lakh in Q1 FY26.

• Consolidated Net Profit: Totaled ₹1,659.78 lakh (₹166 million), compared to ₹3,009.99 lakh in Q4 FY26 and ₹2,360.25 lakh in the corresponding quarter of the previous year.

• Standalone Revenue & Profit: Standalone revenue from operations was reported at ₹4,291.83 lakh, while standalone net profit was ₹1,736.36 lakh.

• Earnings Per Share (EPS): Basic and diluted consolidated EPS for the quarter reached ₹5.36 per share (face value ₹10), compared to ₹9.72 in Q4 FY26 and ₹7.62 in Q1 FY26.

Operational Headwinds and Plant Restart

The primary contributor to the margin compression during the quarter was the temporary shutdown of the company's manufacturing unit located in Perundurai.

Pursuant to directives issued by the Tamil Nadu Pollution Control Board (TNPCB) on April 2, 2026, operations at the Perundurai facility were temporarily halted. The suspension remained effective for the duration of the April–June quarter, directly impacting sales velocity, order fulfillment, and revenue generation.

Subsequent to the end of the reporting quarter, the TNPCB issued an order on July 13, 2026, suspending its earlier closure direction. Following the regulatory clearance, Hariom Pipe Industries recommenced manufacturing activities at the unit on July 13, 2026.

Strategic Capital Raising and Expansion Updates

During the quarter, the Board of Directors and shareholders approved a preferential issue of up to 1,500,000 convertible warrants to members of the Promoter and Promoter Group at an issue price of ₹343.03 per warrant, aggregating to ₹5,145.45 lakh.

On July 27, 2026, the company allotted 1,500,000 convertible warrants after receiving ₹1,286.36 lakh (representing 25% of the total issue price). The remaining 75% balance is payable upon exercise of the warrants within an 18-month tenure ending January 27, 2028.

In addition, Hariom Power and Energy Private Limited, a subsidiary of the company, received its Project Commissioning Certificate from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for a 5 MW AC (6 MW DC) Solar PV Power Project at Hingoli District, Maharashtra, which was successfully connected to the grid on July 8, 2026.

Official Sources Section

The information in this report is sourced from official regulatory disclosures filed by Hariom Pipe Industries Limited with stock exchanges on August 12, 2026, under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quote Section

According to official filings submitted by management, "The temporary closure directions issued by the Tamil Nadu Pollution Control Board on April 2, 2026, impacted operational performance during the quarter; however, operations at the unit have fully recommenced following TNPCB's suspension of the order on July 13, 2026."

Why It Matters

The recommencement of operations at the Perundurai facility restores full manufacturing throughput for Hariom Pipe Industries entering the second quarter of FY27. Furthermore, the successful commissioning of the 5 MW solar power plant in Maharashtra reinforces the company's power management strategy, while fresh capital infusion from promoter warrant allotments will strengthen long-term capital deployment.

Key Facts at a Glance

• Q1 FY27 Consolidated Revenue: ₹4.29 billion (₹429.18 crore)

• Q1 FY27 Consolidated Net Profit: ₹166 million (₹16.60 crore)

• Plant Status: Perundurai unit restarted operations on July 13, 2026, after TNPCB order suspension.

• Capital Infusion: Allotted 1.5 million promoter warrants raising 25% upfront consideration (₹12.86 crore).

• Renewable Energy: 5 MW AC Solar Project in Hingoli, Maharashtra, grid-connected on July 8, 2026.

Frequently Asked Questions (FAQ)

What were Hariom Pipe's consolidated revenues for Q1 FY27?

Hariom Pipe reported consolidated revenue from operations of ₹4.29 billion (₹429.18 crore) for the quarter ended June 30, 2026.

Why did Hariom Pipe's revenue decline in Q1 FY27?

The contraction in revenue and net profit was primarily due to the temporary suspension of manufacturing operations at its Perundurai plant under directives from the Tamil Nadu Pollution Control Board.

Has the Perundurai manufacturing unit resumed operations?

Yes, the Tamil Nadu Pollution Control Board suspended its closure direction on July 13, 2026, enabling the company to restart production immediately.

Source: Hariom Pipe Industries Limited Stock Exchange Filing (NSE/BSE)