Surya Roshni Limited , a leading manufacturer of steel pipes and lighting products, has reported a robust performance for the second quarter, demonstrating significant growth across key financial metrics.

Financial Highlights

• Consolidated revenue grew by 21% year-on-year to INR 1,845.00 crores
• Profit After Tax (PAT) more than doubled, surging by 117% to INR 74.00 crores
• EBITDA rose by 69% to INR 141.00 crores, with margin improving to 7.6%
• The company maintains a zero-debt status with a net cash surplus of INR 246.00 crores

Segment-wise Performance

Steel Pipe and Strip Segment

• Revenue increased by 24% year-on-year to INR 1,411.00 crores
• EBITDA more than doubled to INR 102.00 crores
• EBITDA per ton improved by 73% year-on-year to INR 5,013.00
• Exports business grew by 45%, contributing to the highest ever Q2 volumes

Lighting and Consumer Durables Segment

• Revenue up by 10% year-on-year to INR 434.00 crores
• EBITDA margin expanded to 9% from 7.7% in Q1
• Professional Lighting business grew by 25%
• Strong performance in LED lamps, batten, and street light segments

Strategic Developments

• The company has declared an interim dividend of INR 2.50 per share
• Full-year steel volume guidance revised to 10 lakh tons
• Robust order book of around INR 750.00 crores in the Steel segment
• Strong order book of over INR 150.00 crores for the Lighting segment

Management Commentary

Raju Bista, Managing Director of Surya Roshni Limited, commented on the results: "Our performance this quarter reflects the strength of our diversified business model and our ability to capitalize on market opportunities. The significant growth in our Steel Pipe segment, particularly in exports, and the steady performance of our Lighting and Consumer Durables segment underscore our strategic focus and operational efficiency."

Outlook

The company maintains a positive outlook for the second half of the fiscal year, traditionally a stronger period for both its Steel and Lighting segments. With ongoing capacity expansions and a focus on value-added products, Surya Roshni is well-positioned to capitalize on the growing demand in both domestic and international markets.

The management has provided revised guidance for the full year:

• Lighting and Consumer Durables: Revenue target of INR 1,900.00 crores with EBITDA of INR 180.00-185.00 crores
• Steel Pipe and Strip: Expected EBITDA of INR 430.00-435.00 crores
• Overall consolidated EBITDA guidance of INR 620.00-625.00 crores

As Surya Roshni continues to focus on innovation, product diversification, and operational efficiency, it aims to maintain its growth trajectory and further strengthen its market position in both the Steel and Lighting segments.

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.