Surya Roshni Limited has announced its Q2 and H1 FY27 financial results, highlighting significant growth. Consolidated revenue for Q2 FY27 increased by 33% YoY to ₹2,448 crore, with EBITDA at ₹143 crore and PAT at ₹77 crore. For H1 FY27, revenue grew 30% YoY to ₹4,495 crore, with PAT up 26% YoY to ₹136 crore. The company showcased strong performance across its Steel Pipes & Strips and Lighting & Consumer Durables segments, driven by volume growth and strategic initiatives.
Surya Roshni Announces Strong Q2 & H1 FY27 Results
Surya Roshni Limited has released its financial results for the second quarter (Q2) and the first half (H1) of the financial year 2027 (FY27), showcasing robust growth and improved profitability across its key business segments.
Consolidated Financial Performance Highlights
Q2 FY27 Performance
In Q2 FY27, Surya Roshni reported a consolidated revenue of ₹2,448 crore, marking a substantial 33% year-on-year (YoY) growth. The company’s EBITDA stood at ₹143 crore, a 1% YoY increase, while Profit After Tax (PAT) was ₹77 crore, up 3% YoY. Sequentially, revenue, EBITDA, and PAT saw increases of 20%, 19%, and 29% respectively.
The EBITDA margin was stable sequentially at 5.8%, although it moderated from 7.6% in Q2 FY26, influenced by factors such as one-time pre-buying by customers, higher input costs, EPR payments, and increased brand investment.
H1 FY27 Performance
For the first half of FY27, consolidated revenue surged by 30% YoY to ₹4,495 crore. EBITDA grew by 18% YoY to ₹263 crore, and PAT increased by 26% YoY to ₹136 crore. This growth was primarily driven by a 22% YoY volume growth in the Steel Pipes & Strips segment and a 16% YoY revenue growth in the Lighting & Consumer Durables segment.
Segmental Performance
Lighting and Consumer Durables Segment
The Lighting & Consumer Durables segment recorded its highest-ever Q2 revenue of ₹507 crore in Q2 FY27, a 17% YoY increase. Growth was broad-based, with significant volume increases in ceiling fans and water heaters (up 26% each), mixer grinders (up 20%), and LED bulbs (up 11%). Wires & Cables revenue reached approximately ₹50 crore in Q2 FY27, contributing to H1FY27 revenue of around ₹88 crore. The segment’s EBITDA margin remained steady at 7.8% sequentially.
Steel Pipe and Strips Segment
The Steel Pipes & Strips segment achieved its highest-ever quarterly sales volume of 2.67 lakh tonnes in Q2 FY27, up 23% YoY and 17% QoQ. H1FY27 volumes grew by 22% YoY to 4.96 lakh tonnes. Export volumes saw a substantial rise of 64% YoY to 64,408 tonnes. The segment’s capacity utilization improved to 84% in Q2 FY27. The order book stands at approximately ₹1,200 crore, including significant export orders.
Company Overview and Strategy
Surya Roshni Limited, established in 1973, is a recognized brand in Steel Pipes, Lighting & Consumer Durables, and PVC pipes. The company emphasizes leadership in value-added products, a strong distribution network, and strategic value creation. The presentation also detailed the company’s manufacturing facilities, global footprints, and reinforcing strategies in core areas, alongside financial strengthening initiatives.
Financial Strengthening
The company presented its financial trends for Revenue, PAT, Net Worth, and Debt, indicating a strengthening financial position. For instance, Net Worth is projected to reach ₹2,634 crore by FY26, and Revenue by FY26 is projected at ₹7,540 crore.
Source: BSE
