Hi-Tech Pipes posts record Q2 sales volume

achieved its highest-ever quarterly sales volume in Q2 FY27, reaching 1,65,016 MT. Sales volume increased 32% YoY from 1,25,218 MT in Q2 FY26 and rose 6% sequentially from 1,56,136 MT in Q1 FY27. For H1 FY27, total sales volume stood at 3,21,152 MT, registering 29% YoY growth compared with 2,49,245 MT in H1 FY26. The record quarterly volume indicates sustained demand for the company’s ERW steel pipes and improving utilisation of its operating capacity. Sequential growth also remained positive despite the already strong Q1 base. The combination of record quarterly volumes and strong H1 growth provides encouraging visibility for the company’s operating performance, although margins and realisations will remain important for assessing the impact on earnings. My View: The update is highly positive for Hi-Tech Pipes. Record Q2 volume and 29% H1 growth indicate strong demand and improving operating momentum. What to watch: Track Q2 revenue, EBITDA margins, realisations per tonne and capacity utilisation to assess whether the strong volume growth translates into proportionate earnings growth. Stance: HITECH – HIGHLY POSITIVE (9/10)