NSEPress Release4d ago · 11 Aug 2026, 02:45 pm
Press Release
Surya Roshni Limited · SURYAROSNI
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Surya Roshni Limited has announced its unaudited financial results for Q1FY27, with consolidated revenue growing 28% YoY to ₹2,046 crore, EBITDA growing 46% YoY to ₹120 crore, and PAT growing 77% YoY to ₹60 crore.
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Growth Catalyst6/10
Governance Concern1/10
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Liquidity Impact8/10
Market Sentiment8/10
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Full Announcement
Surya Roshni Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "SURYA ROSHNI LIMITED ANNOUNCES Q1 FY27 RESULTS".
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SURYA ROSHNI LIMITED
s. .... o1 Ind"" Sundards
An IS/ISO 9001, An IS/ISO 14001
& IS: 18001 Company
CIN -L31501HR1973PLC007543
Padma Tower-I, Rajendra Place, New Delhi-110 008
Ph.: +91-11-47108000 E-mail: cs@surya.in
Website : www.surya.co.in
SRL/se/yks/26-27/ 07 August 11, 2026
The Secretary The Manager (Listing Department)
The Stock Exchange, Mumbai The National stock Exchange of India Ltd
MUMBAI -400 001 Mumbai - 400 051
Scrip Code: 500336 NSE Symbol: SURY AROSNI
Re.: PRESS RELEASE- SURYA ROSHNI LIMITED ANNOUNCES Ql FY27
RESULTS
Dear Sir,
This is with reference to our letter dated 4th August, 2026 intimating the date of the Board
Meeting of Surya Roshni Limited, we wish to intimate the Outcome of Board Meeting held
today i.e. 11th August, 2026, wherein the Company has approved the following:
• Unaudited Financial Results (Standalone and Consolidated) for the quarter ended 30th June,
2026 along with the Limited Review Reports from the Statutory Auditors, Mis. Ashok Kumar
Goyal & Co. on the aforesaid Standalone and Consolidated Financial Results
In this regard please find attached the Press Release titled:
PRESS RELEASE : SURYA ROSHNI LIMITED ANNOUNCES Ql FY27 RESULTS
.ll.l..-:.l.1. ...
The meeting commenced at 2:00 P.M. and concluded at P.M.
You are requested to kindly take the same on your records.
Thanking you,
Yours faithfully,
For Surya Roshni Limited
B. B. Singal
CFO & Company Secretary
Enclosed: as above
• Regd. Office: Prakash Nagar, Sankhol, Bahadurgarh, Haryana -124507
Surya Roshni Limited announces Q1FY27 Results
➢ Consolidated revenue stood at ₹2,046 crore in Q1FY27, up 28% YoY
➢ Lighting & Consumer Durables revenue grew 15% YoY to ₹456 crore, achieving its ever-highest
Q1 sales value
➢ Steel Pipes & Strips revenue stood at ₹1,590 crore, up 32% YoY, supported by 21% volume
growth to 2.28 lakh tonnes, achieving its ever-highest Q1 sales volume
➢ Total Order Book stands at ~₹950 crore
➢ Net cash surplus of ₹ 154 crore as on 30th June 2026
New Delhi, August 11, 2026: Surya Roshni Limited, the largest exporter of ERW Pipes, largest
producer of ERW GI pipes and one of the largest Lighting Companies in India, has declared its
unaudited financial results for the quarter ended June 30, 2026.
Consolidated Financial Performance Highlights
Particulars (In ₹ crore) Q1FY27 Q1FY26 YoY
Revenue 2,046 1,605 28%
EBITDA 120 83 46%
EBITDA Margin 5.9% 5.1% 73 bps
Profit before Tax (PBT) 81 46 77%
Profit after Tax (PAT) 60 34 77%
➢ In Q1FY27, consolidated revenue stood at ₹2,046 crore, up 28% YoY, while EBITDA stood at ₹120
crore, up 46% YoY and PAT for the quarter stood at ₹60 crore, up 77% YoY.
➢ The Steel Pipes & Strips business delivered its strongest Q1 volume performance in recent years,
growing 21% YoY to 2.28 lakh tonnes, while the Lighting & Consumer Durables segment recorded
its ever-highest Q1 sales value.
Lighting and Consumer Durables Segment Performance
Particulars (In ₹ crore) Q1FY27 Q1FY26 YoY
Revenue 456 397 15%
EBITDA 36 31 17%
EBITDA Margins 7.9% 7.7% 13 bps
PBT 24 21 12%
➢ In Q1FY27, the Lighting & Consumer Durables segment reported revenue of ₹456 crore, up 15%
YoY, led by broad-based volume growth across LED bulbs, battens, downlighters, appliances and
professional lighting.
➢ Growth was supported by sustained appliance demand, even as the Company passed on an input
cost increase of ~7% during the quarter with minimal impact on profitability.
Steel Pipe and Strips Segment Performance Highlights
Particulars (In ₹ crore) Q1FY27 Q1FY26 YoY
Revenue 1,590 1,207 32%
EBITDA 84 52 63%
EBITDA/MT (Rs.) 4,006 2,922 37%
PBT 57 24 134%
➢ The Steel Pipes & Strips business reported revenue of ₹1,590 crore in Q1FY27, up 32% YoY, with
volumes growing 21% YoY to 2.28 lakh tonnes, led by strong growth across 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 during the quarter, while
exports accounted for approximately 20% of segment volumes, reflecting the Company's continued
shift towards a higher-margin, more diversified product and geographic mix.
➢ 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.
Commenting on the results, Company’s Managing Director, Mr. Raju Bista, said
"Q1FY27 has been a strong start to the year for Surya Roshni. Consolidated revenue grew 28% YoY to
₹2,046 crore, and EBITDA grew 46% YoY to ₹120 crore. PBT and PAT grew 77% YoY each, to ₹81 crore
and ₹60 crore respectively.
The Lighting & Consumer Durables segment reported revenue of ₹456 crore, up 15% YoY, with EBITDA
of ₹36 crore, up 17% YoY, and EBITDA margins improving to 7.9% from 7.7% in Q1FY26.
In Steel Pipes & Strips, overall volumes grew 21% YoY to 2.28 lakh tonnes and revenue grew 32% YoY to
₹1,590 crore, with EBITDA per tonne of ₹4,006 as against ₹2,922 in the same quarter last year.
Capacity utilisation for the quarter stood at approximately 82%.”
“In Lighting and Consumer Durables, Q1FY27 has been our strongest first quarter where we achieved
ever-highest sales value, with growth registered across many categories we operate in, including
lighting, professional lighting, appliances and PVC. This strength reflects the depth of our distribution
network and the resilience of the Surya brand. The business delivered this performance while
successfully passing on an input cost increase of nearly 7% during the quarter.
LED bulb volumes grew approximately 46% YoY, battens volumes grew approximately 32% and
downlighters, an important premium category, grew approximately 16%.
Our Professional Lighting segment continues to see healthy institutional and tender demand, with an
order book of approximately ₹150 crore. Wires & Cables business delivered a robust start to the year, a
strong early signal of the traction we are building in this newer category.
Induction cooktops recorded an outsized 52% volume increase, aided in part by tightness in LPG
availability through the quarter. While that tightness has begun to ease, consumption habits tend to be
sticky once formed, and we will have clearer visibility on the underlying run-rate over the next couple of
months.
On the appliances side, water heater sales grew approximately 26% in volume terms, contributing to
overall appliances growth of approximately 10%. Fans were the one relatively flat category, held back
by rising copper and steel input costs that made distributors cautious about carrying incremental
inventory, though our BLDC fan range posted modest growth.
Export markets remained flattish for our Lighting business in Q1, though this reflects logistics
economics rather than demand — for in several cases, freight costs now exceed material value, causing
customers to delay bookings even as underlying demand and enquiries remain strong.
We remain fully on track to deliver our FY27 guidance of 22–23% value growth and 25% volume
growth. With the festive season now underway, the next three quarters are traditionally our strongest,
and this Q1 performance gives us confidence in holding our guidance for FY27.
Looking further out, we remain highly optimistic about the multi-year growth trajectory of this
business. We are targeting sustained, healthy annual volume growth in our core lighting business over
the next 3–4 years, supported by deeper distribution penetration — particularly in Tier 2 and Tier 3
markets — continued premiumisation and sustained investment in brand-building, including our ‘INDIA
BOLE SURYA KO YA’ campaign, regional launches and a growing presence in institutional and gifting
channels, including our participation at the Gift Expo.
Taken together, we see a clear path for this business to scale into a significantly larger, more diversified
franchise over the next few years.”
“In the Steel Pipes and Strips, our o
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