Surya Roshni Limited , a leading manufacturer of steel pipes and lighting products, has announced its financial results for the first quarter, revealing a mixed performance amid challenging market conditions.

Financial Highlights

For Q1, Surya Roshni reported:

• Consolidated revenue of ₹1,604.52 crore, down 15.2% year-over-year (YoY)
• EBITDA of ₹82.57 crore, a 48% decline YoY
• EBITDA margin of 5.14%, compared to 8.37% in the same quarter last year
• Profit After Tax (PAT) of ₹34.00 crore, a 64% decrease YoY

Segment Performance

Steel Pipes and Strips Segment

The segment faced headwinds due to slower execution of government projects, early monsoon, and lower steel prices. However, export volumes grew by approximately 23% YoY, driven by strong shipments to the Middle East.

Lighting and Consumer Durables Segment

This segment witnessed steady revenue growth despite challenges, with strong volume growth in LED Lamps (+30%), Battens (+25%), and Appliances (+23%).

Key Developments

1. New Appointments: The company announced the appointment of Mr. Kumar Gaurav Jain as CEO of the Steel Division and Mr. Vasu Mitra Pandey as CEO of the Lighting Division.

2. Brand Ambassador: Surya Roshni onboarded cricketer Suryakumar Yadav as the brand ambassador for its Steel Tubes & Pipes business to strengthen brand connect.

3. Product Launch: The company is set to launch operations of domestic wires, targeting sales of ₹150.00 crore in the first year.

4. Secretarial Auditor: M/s Anjali Yadav & Associates has been appointed as the Secretarial Auditor for a term of five years, subject to shareholder approval.

Management Commentary

Mr. Raju Bista, Managing Director, stated, "We delivered consolidated revenue of ₹1,604.52 crore with EBITDA at ₹82.57 crore, navigating a period of mixed macroeconomic conditions. While these factors exerted pressure on overall top-line growth and margins, the Company's diversified business mix, strong export performance, and continued operational discipline served as important stabilizers."

Mr. Vinay Surya, Managing Director, added, "With the festive season approaching, we have planned an extensive programme of market activation, including dealer and retailer engagement, product promotions, and targeted media campaigns across print, digital, and direct communication channels."

Future Outlook

Despite the challenging quarter, Surya Roshni maintains a positive outlook. The company expects steel prices to remain broadly stable or witness a marginal uptick in the coming quarters. With a strong order book of around ₹750.00 crore, continued export growth, and planned capacity enhancements, the Steel Pipes business is well-positioned for improved performance in the second half of the fiscal year.

For the Lighting and Consumer Durables segment, the company reiterates its double-digit volume and value growth guidance, supported by the upcoming festive season, product premiumization, and new category launches.

Surya Roshni's strategic initiatives, including new product launches, portfolio expansion, and commissioning of advanced manufacturing capacities, are expected to support growth and strengthen operating leverage over the remainder of the year.

Surya Roshni Limited , a leading lighting and steel pipe manufacturer, has announced a crucial board meeting scheduled for August 13, 2025. The company's Board of Directors is set to convene with a focus on three key agenda items that are of significant interest to shareholders and market watchers.

Quarterly Results Review

The primary agenda for the upcoming board meeting is the consideration and approval of Surya Roshni's standalone and consolidated unaudited quarterly results for the first quarter ended June 30, 2025. This financial review will provide insights into the company's performance during the initial months of the fiscal year 2025-26.

Dividend Record Date

In a move that will be closely watched by investors, the board will determine the record date for the distribution of the final dividend for the financial year 2024-25. This decision will establish which shareholders are eligible to receive the dividend payout, based on their ownership of shares on the specified date.

Annual General Meeting Preparations

The third item on the agenda involves setting the date, time, and venue for Surya Roshni's 52nd Annual General Meeting (AGM). This annual gathering of shareholders is a critical event in the corporate calendar, providing an opportunity for investors to engage with the company's management and vote on important matters.

Trading Window Closure

In compliance with regulatory requirements and to ensure fair trading practices, Surya Roshni has implemented a trading window closure. The company's CFO and Company Secretary, B. B. Singal, confirmed that the trading window for company shares has been closed since July 1, 2025. This restriction will remain in effect until August 15, 2025, which is 48 hours after the conclusion of the board meeting.

The trading window closure, in accordance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, applies to individuals specified under the company's Code of Conduct. This measure is designed to prevent insider trading and maintain market integrity during sensitive periods of financial reporting and decision-making.

Investors and market analysts will be keenly awaiting the outcomes of this board meeting, particularly the Q1 results and the dividend record date announcement. These decisions are likely to influence the company's stock performance and shareholder sentiment in the near term.

Surya Roshni Limited, known for its diverse product portfolio in lighting solutions and steel pipes, continues to be a significant player in its industry sectors. The upcoming board meeting and its resolutions will provide valuable insights into the company's financial health and future directions.