Hariom Pipe Industries reported a significant decline in profitability for the quarter ended June 2026, with consolidated net profit falling 29.66% to ₹16.60 crore compared to ₹23.60 crore in the corresponding quarter of the previous year. According to reports from Business Standard, this substantial profit decline reflects challenging market conditions for the pipe manufacturing company during the first quarter of fiscal 2026.
The company's sales revenue declined 6.89% to ₹429.18 crore in Q1 FY26, down from ₹460.96 crore in the same quarter of the previous financial year. As reported by Business Standard, this revenue contraction indicates reduced demand or operational challenges in the pipe industry during the quarter. The company's operating profit margin (OPM) also compressed to 11.63% from 12.49% in the corresponding quarter of the previous year.
Profit Before Depreciation and Tax (PBDT) decreased 19% to ₹37.84 crore in Q1 FY26 compared to ₹46.52 crore in Q1 FY25, according to the financial data reported by Business Standard. Profit Before Tax (PBT) fell 30% to ₹22.41 crore from ₹32.20 crore in the year-ago period. The company's PBDT margin also compressed to 8.83% from 10.04% in the corresponding quarter of the previous year, reflecting the overall pressure on profitability metrics.
Despite the quarterly profit decline, Hariom Pipe Industries shares surged 20% to ₹413.1 on May 25, 2026, making it the biggest gainer in BSE's 'B' group. The stock saw significantly higher trading volumes with 93,461 shares traded compared to the average daily volume of 16,385 shares in the past month. The company has also announced a final dividend of ₹0.75 per equity share (7.5%) subject to shareholder approval, indicating management's confidence in the company's financial position despite the quarterly challenges.
