Hi-Tech Pipes (HITECH) wrapped up FY26 with robust performance. **Business Performance:** Full-year revenue surged 12% to ₹2577.89 Cr, with PAT jumping 17.5% to ₹89.28 Cr.

Q4FY26 also saw solid growth, with revenue at ₹675.24 Cr (up 4.9%) and PAT at ₹24.96 Cr (up 20.7%). Volumes grew 13.9% YoY to 4,49,848 MT, improving capacity utilization to 51%. **Growth Drivers:** The company is strategically expanding capacity, aiming for 9.8 Lakh MTPA by FY27 and a massive 25 Lakh MTPA by 2030, riding on India's infrastructure growth and strong steel demand.

Focus on value-added products and operational efficiency remains key. **Recent Developments:** Hi-Tech Pipes completed its FY26 CAPEX of ₹115.15 Cr and plans an additional ₹150-175 Cr CAPEX for FY27 for new plant expansion. **Key Financial Metrics:** FY26 EBITDA climbed 16% to ₹182.25 Cr.

Net Debt to EBITDA stands at 2.56x. **Management Outlook:** The management anticipates a positive FY27, driven by strong demand.

Priorities include cost optimization, enhancing value-added products, and market penetration, as the company strives to become India's largest steel pipe producer.