Surya Roshni Limited , a leading player in the steel pipes and lighting industry, has reported robust financial results for the second quarter of fiscal year 2026. The company's performance showcases significant growth across key metrics, reflecting strong market demand and operational efficiency.

Financial Highlights

• Revenue Growth: Consolidated revenue surged by 21% year-on-year to ₹1,845.00 crore in Q2 FY26.
• Profitability Boost: EBITDA rose by 69% YoY to ₹141.00 crore, while Profit After Tax (PAT) more than doubled, increasing by 117% YoY to ₹74.00 crore.
• Segment Performance:
  • Steel Pipes and Strips: Revenue grew by 24% YoY, with EBITDA more than doubling to ₹102.00 crore.
  • Lighting & Consumer Durables: Revenue increased by 10% YoY, with steady margin improvement.

Operational Highlights

Steel Pipes and Strips Segment

• Overall volumes grew by 26% YoY, with exports volume up 45% YoY.
• EBITDA per ton improved sharply to ₹5,013.00, up 73% YoY and 72% sequentially.
• Capacity utilization stood at about 80%.
• Strong order book of approximately ₹750.00 crores for Oil & Gas sector, Water Sector, and Exports business.

Lighting and Consumer Durables Segment

• LED Lamps recorded a strong 37% growth compared to last year.
• Battens grew by 36%, while the downlighter category saw a 22% growth.
• Street lighting was the standout performer, growing an impressive 104% in Q2 on a year-on-year basis.
• Professional Lighting business grew by 25% in Q2FY26.

Management Commentary

Mr. Raju Bista, Managing Director, commented on the results: "We delivered a robust performance in Q2FY26, with strong growth across key parameters. The Lighting & Consumer Durables business sustained steady growth with revenues rising 10% YoY to ₹434.00 crore. The Steel Pipes business reported a robust 24% YoY revenue growth led by strong export momentum and higher share of value-added products."

Mr. Vinay Surya, Managing Director, added: "Our capacity utilization levels remained healthy across all product lines. We have already invested the full ₹25.00 crore in PLI-linked investments, well ahead of schedule. The benefits of this investment are visible in terms of improved quality, enhanced design capabilities, better serviceability, and increased customer trust."

Future Outlook

The company remains confident of maintaining its growth momentum in H2FY26, supported by:

• Healthy capacity utilization across plants
• A strong order book of ₹875.00 crore in Steel Pipes and Lighting & Consumer Durable segments
• Ongoing investments in capacity expansion and technology upgradation
• Focus on value-added products and export markets

Surya Roshni's strong performance in Q2 FY26 demonstrates its resilience and ability to capitalize on market opportunities. The company's strategic focus on high-value segments and operational efficiencies positions it well for sustained growth in the coming quarters.

Financial Position

As of September 30, 2025, Surya Roshni reported:

The company's strong financial position and improved cash flow management have enabled it to become a zero-debt company, providing a solid foundation for future growth initiatives.

Note: All financial figures are based on consolidated results unless otherwise specified.

Surya Roshni Limited , a leading player in the Steel Pipe & Strips and Lighting & Consumer Durables sectors, has announced its unaudited financial results for the second quarter and half year ended September 30, 2023, showcasing a mixed performance with improved profitability despite a slight dip in revenue.

Q2 FY24 Financial Highlights

• Revenue: The company reported standalone revenue from operations of Rs. 1,915.50 crore for Q2 FY24, compared to Rs. 1,984.16 crore in the same quarter last year, marking a 3.46% year-on-year decrease.
• Net Profit: Net profit for the quarter stood at Rs. 75.88 crore, up 11.56% from Rs. 68.02 crore in Q2 FY23, indicating improved profitability despite lower revenue.
• Earnings Per Share (EPS): Basic EPS for the quarter improved to Rs. 7.05 from Rs. 6.37 in the corresponding quarter of the previous year, reflecting a 10.68% increase.

H1 FY24 Performance

For the half year ended September 30, 2023:

• Revenue: The company recorded revenue of Rs. 3,790.63 crore, slightly down from Rs. 3,823.63 crore in H1 FY23.
• Net Profit: Net profit saw a significant jump to Rs. 134.95 crore, up 49.78% from Rs. 90.10 crore in the same period last year.

Interim Dividend Declaration

The Board of Directors has declared an interim dividend of 50% (Rs. 2.50 per equity share of Rs. 5 face value). The dividend is payable on November 21, 2023, to shareholders on record as of November 10, 2023.

Segment Performance

Surya Roshni operates in two key segments:

1. Steel Pipe & Strips
2. Lighting & Consumer Durables

Specific segment-wise performance details were not provided in the results.

Financial Analysis

Comparing the quarterly results with the income statement data:

The differences in the figures could be due to variations in reporting periods or additional revenue streams not reflected in the income statement data.

Conclusion

Surya Roshni's Q2 FY24 results demonstrate the company's ability to enhance profitability even in the face of slightly reduced revenue. The substantial increase in net profit, both for the quarter and half-year, coupled with the declaration of an interim dividend, underscores the company's financial health and commitment to shareholder returns. As Surya Roshni continues to navigate market challenges, its diverse business segments and focus on operational efficiency appear to be key drivers of its financial performance.