Surya Roshni Limited has reported robust financial results for the first quarter of FY27 (ended June 30, 2026). Consolidated revenue saw a substantial 28% year-over-year increase, reaching ₹2,046 crore. The company also achieved significant growth in EBITDA by 46% and profit after tax (PAT) by 77%, demonstrating strong operational performance across its key business segments.
Surya Roshni Announces Strong Q1 FY27 Financial Performance
Surya Roshni Limited today announced its unaudited financial results for the quarter ended June 30, 2026, showcasing significant year-over-year growth. The company reported a consolidated revenue of ₹2,046 crore, marking a 28% increase compared to the same period in the previous fiscal year (Q1 FY26). This impressive top-line growth was complemented by a strong performance in profitability metrics.
Key Financial Highlights
The consolidated EBITDA for the quarter rose by 46% to ₹120 crore, with the EBITDA margin improving to 5.9% from 5.1% in Q1 FY26. Profit Before Tax (PBT) surged by 77% to ₹81 crore, and Profit After Tax (PAT) also grew by 77% to ₹60 crore. The company highlighted that its Net Working Capital cycle was 72 days, and it achieved a Return on Capital Employed (ROCE) of 12.69% and a Return on Equity (ROE) of 8.95%.
Segment-Wise Performance
Steel Pipes and Strips
The Steel Pipes & Strips segment delivered a strong performance, with revenue growing by 32% YoY to ₹1,590 crore. Volume growth in this segment was 21% YoY, reaching 2.28 lakh tonnes. EBITDA for the segment increased by 63% YoY to ₹84 crore, with EBITDA per tonne of ₹4,006, up 37% from ₹2,922 in the prior year’s quarter. The company noted capacity utilization stood at approximately 82%.
Lighting and Consumer Durables
The Lighting & Consumer Durables segment reported revenue of ₹456 crore, a 15% increase YoY. EBITDA for this segment grew 17% YoY to ₹36 crore, with EBITDA margins improving to 7.9% from 7.7% in Q1 FY26. The company attributed this growth to broad-based volume increases across various product categories.
Management Commentary
Mr. Raju Bista, Managing Director, commented that Q1 FY27 has been a strong start to the year, driven by robust growth in both consolidated revenue and EBITDA. He emphasized the strong performance in the Steel Pipes & Strips segment, particularly the growth in volumes and EBITDA per tonne, and highlighted the Lighting & Consumer Durables segment achieving its strongest first quarter sales value.
Mr. Vinay Surya, Managing Director, added that the growth in Lighting and Consumer Durables was broad-based across the portfolio, indicating genuine consumer demand. He also noted significant progress in the Wires & Cables business and the commissioning of 3 MW of rooftop solar capacity across lighting factories.
Mr. Bharat Bhushan Singal, CFO, reiterated the strong financial performance, detailing the revenue and profit growth for both consolidated and segment levels. He also mentioned the company becoming a zero-debt company with a cash surplus of ₹154 crore as of June 30, 2026.
Outlook and Strategic Initiatives
The company expressed confidence in delivering strong double-digit growth for FY27 and sees a clear path for sustained growth through capacity expansion, a richer product mix, cost reduction initiatives, and export expansion. Investments are being made in brand-building for the Steel Pipes & Strips business, with a significant increase in the marketing budget. New manufacturing lines are being brought online to scale volumes meaningfully.
Source: BSE
