Surya Roshni reported a 77% year-on-year surge in consolidated net profit to ₹60 crore for Q1FY27, driven by robust volume growth and margin expansion in its core Steel Pipe & Strips business. Revenue from operations rose 28% to ₹2,046 crore, while EBITDA expanded 46% to ₹120 crore. The Board of Directors, meeting on August 11, 2026, also declared a final dividend of ₹2.50 per share for FY26 with August 21, 2026, as the record date, and scheduled the 53rd Annual General Meeting for September 15, 2026.

The financial results were reviewed by statutory auditors Ashok Kumar Goyal & Co., who issued an unmodified limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board further approved the re-appointment of Jai Prakash Agarwal as Executive Chairman and Vinay Surya as Managing Director for five-year terms, subject to shareholder approval via special resolution at the upcoming AGM.

Financial Performance Highlights

The company’s top-line growth was supported by both operating segments, with Steel Pipe & Strips contributing the majority of revenue. EBITDA expanded to ₹120 crore, reflecting improved operational leverage. The following table details the key consolidated financial metrics for Q1FY27:

Segment-wise Analysis

The Steel Pipe & Strips segment remained the primary growth engine, generating ₹1,590 crore in revenue, up 32% from ₹1,207 crore in Q1FY26. This segment delivered its strongest Q1 volume performance in recent years, growing 21% YoY to 2.28 lakh tonnes. Growth was led by section pipes (up 38% YoY), ERW API pipes (up 207% YoY), spiral non-API water pipes (up 36% YoY), pre-galvanised (GP) pipes (up 53% YoY) and cold rolled steel pipes (up 30% YoY). Value-added products contributed approximately 47% of overall volumes, while exports accounted for approximately 20% of segment volumes. The order book across trade, exports, API and spiral pipes stood at approximately ₹800 crore, including 78,000 tonnes of export API orders for the US market.

The Lighting & Consumer Durables segment recorded its ever-highest Q1 sales value with revenue rising to ₹456 crore from ₹397 crore, delivering an EBITDA margin of 7.9%. Growth was supported by sustained appliance demand and broad-based volume growth across LED bulbs, battens, downlighters, appliances and professional lighting.

Governance and Corporate Actions

The Board approved the re-appointment of Jai Prakash Agarwal as Whole-time Director designated as Executive Chairman for a period of five years from January 1, 2027, to December 31, 2031. Additionally, Vinay Surya was re-appointed as Managing Director for five years from October 26, 2026, to October 25, 2031. Both appointments are based on the recommendation of the Nomination and Remuneration Committee and require shareholder approval. During the quarter, 21,080 stock options were exercised under the SRL Employees Stock Option Schemes of 2018 and 2021, resulting in the transfer of an equal number of equity shares from the Surya Roshni Employees Welfare Trust to employees.

What the Numbers Show

The disproportionate growth in net profit (77%) relative to revenue (28%) indicates significant operating leverage. In the Steel Pipes & Strips business, EBITDA per tonne surged 37% YoY to ₹4,006 from ₹2,922, driven by capacity utilization reaching approximately 82% and a shift towards higher-margin value-added products. Meanwhile, the Lighting segment successfully passed on an input cost increase of ~7% during the quarter with minimal impact on profitability. The company’s balance sheet remains strong, with a net cash surplus of ₹154 crore as on June 30, 2026, and a Net Working Capital cycle of 72 days.

Surya Roshni Limited Surya Roshni Limited will host an earnings conference call on August 11, 2026, at 4:00 PM IST to discuss its financial and operational performance for the quarter ended June 30, 2026. This event provides investors with a direct opportunity to engage with the company’s leadership regarding Q4FY27 results and strategic updates ahead of the formal board meeting scheduled for the same day.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company notified the Stock Exchange, Mumbai, and the National Stock Exchange of India Ltd on August 05, 2026, at 10:00 AM. An investor presentation covering the unaudited financial results for the quarter will also be released following the board meeting.

Conference Call Participants

The session will feature key executives from across the organization, offering insights into both the steel and lighting segments:

• Raju Bista, Managing Director
• B. B. Singal, CFO & Company Secretary
• Kumar Gaurav Jain, CEO, Steel
• Vasumitra Pandey, CEO, Lighting & Consumer Durables
• Naresh Singhal, Executive Director, Steel

Access Details

Investors can join the group meet via the following access numbers:

For registration assistance, participants may contact Strategic Growth Advisors Pvt. Ltd., specifically Mr. Jigar Kavaia or Mr. Parin Narichania, at +91 9920602034 or +91 9930025733.