Hi-Tech Pipes Q2 Sales Volume Rises 32% to 165,016 MT, H1 Volume Up 29%

Hi-Tech Pipes has reported a strong improvement in sales volumes for the Second Quarter of Financial Year 2026–27, with quarterly sales reaching a record 165,016 tonnes. The company’s volume performance continued to strengthen despite the traditionally softer monsoon period, pointing to sustained demand from infrastructure and construction-related markets.

The latest operational update shows a 32% year-on-year increase in sales volume compared with 125,218 tonnes recorded in the corresponding quarter of the previous financial year. On a sequential basis, volumes were up 6% from 156,136 tonnes in the first quarter of Financial Year 2026–27.

For the first half of the financial year, Hi-Tech Pipes sold 321,152 tonnes, marking a 29% increase from 249,245 tonnes during the same period a year earlier. The numbers indicate that the company has maintained its growth momentum through the first six months of the financial year.

The increase comes as Hi-Tech Pipes continues to expand its manufacturing footprint. The company is executing a ₹650 crore capital expenditure programme aimed at doubling its annual manufacturing capacity from 1 million tonnes to 2 million tonnes by Financial Year 2028–29.

As part of the expansion, Hi-Tech Pipes is working on a Direct Forming Technology facility at Sanand, Gujarat, which is expected to be commissioned by the Third Quarter of Financial Year 2026–27. An integrated facility at Hindupur is targeted for completion by the Fourth Quarter of Financial Year 2026–27.

The company has also earmarked around ₹200 crore of expenditure during the current financial year for specialised solar and API-grade pipe facilities. These additions are expected to broaden its product mix and support demand from sectors linked to infrastructure, energy and industrial development.

However, stronger volumes will need to translate into improved margins for the growth to have a meaningful impact on profitability. Hi-Tech Pipes has been focusing on higher-value products, including Direct Forming Technology structural steel and API-grade pipes, with a longer-term objective of improving EBITDA per tonne.

With record quarterly volumes, rising capacity utilisation and a sizeable expansion programme underway, Hi-Tech Pipes enters the second half of Financial Year 2026–27 with a stronger operating base. The pace of capacity commissioning and the company’s ability to protect margins will remain key factors to watch.