Surya Roshni Limited has announced its financial results for the second quarter and first half of FY27. The company reported a consolidated revenue growth of 33% year-on-year for Q2 FY27, reaching INR2,448 crore. EBITDA stood at INR143 crore, and PAT at INR77 crore. For the first half of FY27, revenue grew 30% year-on-year to INR4,495 crore, with EBITDA and PAT also showing strong growth.
Surya Roshni Limited Q2 and H1 FY27 Earnings Conference Call Transcript
Surya Roshni Limited has released its financial results for the quarter and half-year ended September 30, 2026. The company hosted an earnings conference call on November 07, 2026, to discuss the performance and future outlook.
Key Financial Highlights (Q2 FY27)
- Consolidated Revenue: INR2,448 crore (+33% YoY)
- EBITDA: INR143 crore (+1% YoY)
- PAT: INR77 crore (+3% YoY)
Key Financial Highlights (H1 FY27)
- Consolidated Revenue: INR4,495 crore (+30% YoY)
- EBITDA: INR263 crore (+18% YoY)
- PAT: INR136 crore (+26% YoY)
Operational Performance
The Lighting and Consumer Durables segment reported its best-ever second quarter with revenue of INR507 crore, up 17% year-on-year and 11% sequentially. For H1 FY27, this segment’s revenue grew 16% to INR964 crore.
The Steel Pipes and Strips segment achieved a record volume of 2.67 lakh tons in Q2 FY27, a 23% year-on-year increase. Revenue for the quarter grew 38% year-on-year to INR1,941 crore. For H1 FY27, volume grew by 22% to 4.96 lakh tons, and revenue increased by 35% to INR3,531 crore.
Outlook and Guidance
Surya Roshni remains on track to meet its FY27 guidance of 22%-23% value growth and about 25% volume growth. The company anticipates an even stronger second half due to the Diwali festival, full factory capacity, a robust order book, and expanding distribution.
Looking beyond FY27, the company targets about 20% value growth in FY28 and a 15% CAGR through FY30, with EBITDA margins of approximately 9% to 9.5%. For the Steel Pipes and Strips segment, future volume targets include 14 lakh tons in FY28 and 2 million tons by FY2030.
Company Status
Surya Roshni continues to maintain its position as a zero-debt company with a cash surplus of INR75 crore as of September 30, 2026.
The company also discussed its capital expenditure plans, including an investment of INR150-155 crore for the current year and a greenfield plan requiring capex of INR250-300 crore over two years, which is expected to increase capacity to 2 million tons.
Source: BSE
