Hariom Pipe Industries Limited (the Company) reported audited results for the year ended March 31, 2026, delivering revenue growth of 23 per cent and improved profitability. Revenue from operations rose to Rs16,669.5 million (mn) in FY26, supported by higher volumes and sustained contribution from value?added products. Operating cash flow strengthened to Rs1,920.8 mn, representing about 92 per cent conversion of EBITDA to cash. The managing director noted that the year reflected steady growth and improved financial discipline. EBITDA for the year increased to Rs2,094.2 mn, up 19 per cent year on year, while EBITDA margin was 12.56 per cent. Profit before tax improved to Rs1,038.6 mn and profit after tax rose to Rs758.3 mn, up 25 per cent and 23 per cent respectively. Blended EBITDA per metric tonne (t) improved and inventory and receivable days reduced, indicating better operating efficiency and working capital management. For the quarter ended March 31, 2026, revenue from operations was Rs5,072.7 mn, up 27 per cent year on year, and quarterly EBITDA was Rs638.7 mn with a margin of 12.59 per cent. Quarterly profit after tax increased to Rs301.8 mn, up 75 per cent from Rs172.4 mn in the same quarter a year earlier. The Company attributed gains to improved throughput across key manufacturing units and higher share of value?added offerings. Value?added products accounted for about 98 per cent of revenue in FY26, reflecting the Company’s positioning in diversified product categories. Inventory days fell from 128 days to 99 days and receivable days decreased from 54 days to 41 days, while current borrowings and trade payables also declined. These trends strengthened the balance sheet and improved net debt metrics. The Company reported net debt to EBITDA of 1.65x and a debt to equity ratio of 0.54x at year end. Hariom Power & Energy Private Limited is executing a 60 megawatt (MW) AC solar project, with 38 MW tied up and land acquired across eight locations covering approximately 123 acres. Metal Mart Private Limited was incorporated in January and remains at the initial set up stage.