Indian Hume Pipe reported a weaker revenue performance in Q4 FY26, while profitability remained relatively stable on a pre-exceptional basis despite lower execution during the quarter.
The company’s revenue from operations stood at Rs 351.30 crore in Q4 FY26, compared with Rs 392.10 crore in the corresponding quarter last year, reflecting a year-on-year decline of around 10%.
Total revenue for the quarter came in at Rs 362.22 crore, compared with Rs 395.23 crore in Q4 FY25.
Profit from ordinary activities before exceptional items and tax stood at Rs 32.47 crore, compared with Rs 38.63 crore in the year-ago quarter.
Net profit for the quarter came in at Rs 22.98 crore, compared with Rs 499.27 crore in Q4 FY25. However, the year-ago quarter included a large exceptional income item, which significantly distorts the comparison.
Exceptional items in Q4 FY25 stood at Rs 545.22 crore, while there were no exceptional items in Q4 FY26.
On a cleaner operational basis, the company’s performance remained relatively stable. EBITDA margin for Q4 FY26 stood at around 14.0%, compared with 15.1% in the corresponding quarter last year.
For the full year ended March 31, 2026, Indian Hume Pipe reported revenue from operations of Rs 1,305.57 crore, compared with Rs 1,491.23 crore in FY25, reflecting a decline of around 12%.
Full-year profit before exceptional items and tax stood at Rs 123.35 crore, compared with Rs 118.07 crore in the previous year. Finance costs declined sharply to Rs 47.42 crore, compared with Rs 62.35 crore in FY25.
Reported full-year net profit stood at Rs 141.11 crore, compared with Rs 558.05 crore in FY25, though the FY25 figure was heavily boosted by exceptional income from asset disposal.
The company also reported lower total expenses during the year at Rs 1,227.04 crore, compared with Rs 1,382.10 crore in FY25.
Overall, Indian Hume Pipe’s Q4 FY26 results reflected lower revenue and slightly softer margins, while lower finance costs and stable operating profitability remained key positives. The headline PAT comparison remained distorted due to the exceptional income booked in FY25.
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