Integrated Filing — IndAS

General information about company
Scrip Code	543517
NSE Symbol	HARIOMPIPE
MSEI Symbol	NA
ISIN	INE00EV01017
Name of company	HARIOM PIPE INDUSTRIES LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	09-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	02-May-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	MANUFACTURING OF STEEL PRODUCTS
Start date and time of board meeting	09-May-2025   15:30:00
End date and time of board meeting	09-May-2025   17:25:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2024-05-17
Indicate Company website link for updated RPT policy of the Company	https://www.hariompipes.com/pdf/policy-on-related-party-transaction.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	Yes
No. of times funds raised during the quarter	1
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	3997031000	13570488000
	Other income	4450000	28947000
	Total income	4001481000	13599435000
2	Expenses
(a)	Cost of materials consumed	3482040000	11068393000
(b)	Purchases of stock-in-trade	12301000	97762000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	-348768000	-690008000
(d)	Employee benefit expense	136741000	503995000
(e)	Finance costs	122304000	449124000
(f)	Depreciation, depletion and amortisation expense	136113000	503061000
(f)	Other Expenses
1	Power and Fuel	170607000	647724000
2	Other Expenses	55599000	188362000
	Total other expenses	226206000	836086000
	Total expenses	3766937000	12768413000
3	Total profit before exceptional items and tax	234544000	831022000
4	Exceptional items	0	0
5	Total profit before tax	234544000	831022000
6	Tax expense
7	Current tax	45046000	193873000
8	Deferred tax	17096000	19889000
9	Total tax expenses	62142000	213762000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	172402000	617260000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	172402000	617260000
17	Other comprehensive income net of taxes	-399000	-94000
18	Total Comprehensive Income for the period	172003000	617166000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	309673000	309673000
	Face value of equity share capital	10	10
27	Details of debt securities
22	Reserves excluding revaluation reserve		5417069000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	5.66	20.25
	Diluted earnings (loss) per share from continuing operations	5.57	19.93
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	5.66	20.25
	Diluted earnings (loss) per share from continuing and discontinued operations	5.57	19.93
24	Debt equity ratio	0	0.007
25	Debt service coverage ratio	0	0.0213
26	Interest service coverage ratio	0	0.0285
27	Disclosure of notes on financial results		NOTES TO THE STANDALONE STATEMENT OF FINANCIALS RESULTS n1.tThe audited Standalone Financial Results have been prepared in accordance with the recognition and measurement principles prescribed under the applicable Indian Accounting Standards (Ind AS) notified under Section 133 of the Companies Act, 2013. These results have been reviewed by the Audit Committee and subsequently approved by the Board of Directors at its meeting held on May 09, 2025. The Statutory Auditors have audited the said financial results and issued their report with an unmodified opinion. n n2.tDuring the quarter, the Company received a Letter of Award (LOA) dated March 3, 2025, from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for setting up solar photovoltaic power generating stations with an aggregate capacity of 60 MW (AC) under the Mukhyamantri Saur Krushi Vahini Yojana 2.0, a scheme aligned with Component C of the PM-KUSUM initiative. n n3.tThe Company incorporated a wholly owned subsidiary, Hariom Power and Energy Private Limited, on March 19, 2025, with an authorised share capital of Rs. 10 lakhs. The subsidiary has been established to undertake the development of the awarded solar power project and to drive future renewable energy initiatives. n nThe financial statements of Hariom Power and Energy Private Limited have been consolidated with the Company's consolidated financial results for the year ended March 31, 2025. n n4.tThe Company has received Crisil A- and Crisil A2+ from the Crisil for their Long term (Bank facilities) and Short term (Bank facilities) respectively. n n5.tBased on the management approach as defined in IND AS 108 — Operating Segments, the Chief Operating Decision Maker (“CODM”) evaluates the company’s performance and allocates resources based on an analysis of various indicators of business segment/s in which the company operates. The Company is primarily engaged in the business of manufacturing & selling of Steel Products, which the management and CODM recognise as the sole business segment. Hence disclosure of segment-wise information is not required and accordingly not provided. n n6.tThe figures for the quarter ended March 31, 2025, as reported in these Standalone financial results, represent the balancing figures between the audited figures for the full financial year and the unaudited published figures up to the third quarter of the financial year, which were subjected to limited review by the statutory auditors. n n7.tThe figures for the corresponding previous periods have been regrouped/reclassified/restated wherever considered necessary. n n8.tThe audited Standalone financial results of the Group are available on the Company’s website www.hariompipes.com and also on the websites of the stock exchanges where the equity shares are listed — nwww.bseindia.com and www.nseindia.com. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	4237392000
	Capital work-in-progress	116460000
	Investment property
	Goodwill	0
	Other intangible assets	879000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	1000000
	Trade receivables, non-current
	Loans, non-current	0
	Other non-current financial assets	43547000
	Total non-current financial assets	44547000
	Deferred tax assets (net)
	Other non-current assets	43773000
	Total non-current assets	4443051000
2	Current assets
	Inventories	4267037000
	Current financial asset
	Current investments	0
	Trade receivables, current	2024911000
	Cash and cash equivalents	260128000
	Bank balance other than cash and cash equivalents	247735000
	Loans, current	0
	Other current financial assets	7495000
	Total current financial assets	2540269000
	Current tax assets (net)
	Other current assets	719362000
	Total current assets	7526668000
3	Non-current assets classified as held for sale
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	11969719000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	309673000
	Other equity	5417069000
	Total equity attributable to owners of parent	5726742000
	Non controlling interest
	Total equity	5726742000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	932956000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	11120000
	Total non-current financial liabilities	944076000
	Provisions, non-current	7167000
	Deferred tax liabilities (net)	102216000
	Deferred government grants, Non-current
	Other non-current liabilities
	Total non-current liabilities	1053459000
	Current liabilities
	Current financial liabilities
	Borrowings, current	3070263000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	7450000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1856427000
	Total Trade payable	1863877000
	Other current financial liabilities	111133000
	Total current financial liabilities	5045273000
	Other current liabilities	67681000
	Provisions, current	626000
	Current tax liabilities (Net)	75938000
	Deferred government grants, Current
	Total current liabilities	5189518000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	6242977000
	Total equity and liabilites	11969719000
	Disclosure of notes on assets and liabilities

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Remeasurements gain on defined benefit plans	-533000	-125000
	Total Amount of items that will not be reclassified to profit and loss	-533000	-125000
2	Income tax relating to items that will not be reclassified to profit or loss	-134000	-31000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss
5	Total Other comprehensive income	-399000	-94000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			831022000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			449124000
	Adjustments for decrease (increase) in inventories			-1301639000
	Adjustments for decrease (increase) in trade receivables, current			-1241365000
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			1720500000
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			503061000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			24369000
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			0
	Other adjustments to reconcile profit (loss)			-2488000
	Other adjustments for non-cash items			0
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			102824000
	Net cash flows from (used in) operations			933846000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			147520000
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) operating activities			786326000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			8021000
	Purchase of property, plant and equipment			1043537000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			796000
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			165963000
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			0
	Interest received			13185000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-857164000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			543935000
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			56959000
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			581723000
	Repayments of borrowings			290352000
	Payments of lease liabilities			0
	Dividends paid			18575000
	Interest paid			446603000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) financing activities			313169000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			242331000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			242331000
	Cash and cash equivalents cash flow statement at beginning of period			17797000
	Cash and cash equivalents cash flow statement at end of period			260128000

Signatory Details
Name of signatory	Rupesh Kumar Gupta
Designation of person	Managing Director
Place	Hyderabad
Date	09-May-2025