Earnings call (group meet) for the quarter ended 30th June, 2026

SURYA ROSHNI LIMITED An 1s11so 9001, An 1snso 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/26-27/ 23 August 18, 2026 The Secretary The Manager (Listing Department) BSE Limited The National stock Exchange of India Ltd Phiroze Jeejeebhoy Towers, Exchange Plaza, 5th floor, Plot No. C/1, G Block Dalal Street, Bandra Kurla Complex, Bandra (E) MUMBAI -400001 Mumbai - 400 051 Scrip Code: 500336 NSE Symbol: SURYAROSNI Sub: Transcript of Earnings Call (Group Meet) for the Quarter ended 30th June, 2026. Dear Sir, This is with reference to the Company intimation dated 5th August, 2026 filed with the stock exchanges in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 regarding the earning conference call (Group meet) to discuss the Unaudited financial results and operational performance for the quarter ended 30th June, 2026 scheduled for Tuesday, 11th August, 2026 at 4:00 P.M (1ST). Further to the audio recording filed with the stock exchanges already on 11th August, 2026, we are enclosing the Transcript of the said Earnings Call (Group Meet). The same is also being uploaded on the website of the Company at www.surya.co.in under Financials in the Investor section. This is for your information and records. Thanking you, Yours faithfully For Surya Roshni Limited BBSINGAL CFO & COMPA NY SECRETA RY Enclosed: as above. • Regd. Office: Prakash Nagar, Sankhol, Bahadurgarh, Haryana - 124507 ----------- --------- “Surya Roshni Limited Q1 FY27 Earnings Conference Call” August 11, 2026 E&OE - This transcript is edited for factual errors. In case of discrepancy, the audio recordings uploaded on the stock exchange on 11th August 2026 will prevail. MANAGEMENT: MR. RAJU BISTA – MANAGING DIRECTOR MR. B. B SINGAL – CFO AND COMPANY SECRETARY MR. GAURAV JAIN – CEO, STEEL DIVISION MR. VASUMITRA PANDEY – CEO, LIGHTING DIVISION MR. NARESH SINGHAL – ED, STEEL OPERATIONS Page 1 of 15 Surya Roshni Limited August 11, 2026 Moderator: Ladies and gentlemen, good day and welcome to the Surya Roshni Limited Q1 FY27 Earnings Conference Call. Before we begin, a brief disclaimer. This conference call may contain forward- looking statements about the company, which are based on beliefs, opinions, and expectations of the company as on the date of this call. These statements are not the guarantees of future performance and may involve risks and uncertainties that are difficult to predict. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions at the end of today's presentation. Should you need assistance during this conference call, please signal an operator by pressing star, then zero on your touchtone phone. Please note that this conference is being recorded. I would now like to hand the conference over to Mr. Raju Bista, Managing Director, for his opening remarks. Thank you, and over to you, sir. Raju Bista: Yes, good evening, everyone. I am Raju Bista, Managing Director, Surya Roshni Limited. On behalf of Surya Roshni Limited, I extend a very warm welcome once again to everyone for joining us today. On this call, we are joined by Mr. B. B. Singal, CFO & Company Secretary; Mr. Gaurav Jain, CEO, Steel Division; Mr. Vasumitra Pandey, CEO, Lighting & Consumer Durables; Mr. Naresh Singhal, Executive Director, Steel; and SGA, our Investor Relations Advisor. I hope everyone had an opportunity to go through the financial results, which were published just almost one hour before. Moving on to the overall financial performance highlights. In Q1 FY27, our consolidated revenues stood at INR 2,046 crore, up by 28% year-on-year. EBITDA for the quarter stood at INR120 crore. PAT for the quarter stood at INR60 crore, up by 77% year-on-year. We remain a zero-debt company with a net cash surplus of about INR155 crore as of June 30, 2026. Coming to the Lighting & Consumer Durables. The Lighting & Consumer Durable segment delivered its strongest ever first quarter with revenues of INR456 crore, at a growth of 15% year- on-year. Growth was broad-based, led by LED bulbs, battens, downlighters, alongside continued momentum in appliances and professional lighting. EBITDA for the quarter stood at INR36 crore, which is up by 17% year-on-year, with margins improving to 7.9% in Q1 FY27, even as we pass on an input cost increase of approximately about 7% during the quarter with minimal impact on profitability. Professional lighting ended the quarter with an order book of approximately INR150 crore, providing healthy near-term execution visibility. In Wire & Cables, we achieved close to our FY26 sales volume within Q1 of FY27 itself, supported by our Direct Benefit Transfer Electrician Loyalty Program, where enrollments have gone up to 36,000 as of today. Our FY26 revenue target for the Wire business remains INR250 crore, on track with our 3-year guidance of INR500 crore. Page 2 of 15 Surya Roshni Limited August 11, 2026 We remain fully on track to deliver our FY27 guidance of about 22% to 23% value growth and about 25% of volume growth in lighting. And with the festive seasons now underway, we expect the next three quarters to be more strongly supported by deeper distribution penetration and continued investment in brand building. Now, moving on to the Steel Pipes & Strips segment. The Steel Pipes segment delivered a strong start to the year. Revenues for the quarter stood at INR1,590 crore, which is up by 32% year-on- year, with volume growth of around 21% year-on-year to 2.28 lakh tons, achieving its ever highest sales in Quarter 1. The growth was best led by section pipes, ERW API pipes — supported by a sharp rise in export volumes following the opening of our US market — spiral, cold rolling, and GP pipes, even as galvanized pipes remain soft due to continued delay in government fund releases. EBITDA for the quarter stood at about INR84 crore, up 63% year-on-year, with EBITDA per ton to INR4,006 against INR2,922 in Q1 of FY26. The capacity utilization stood at approximately 82%. Value-added products contribute 47% of overall volume, and export accounted for 20% of segment volumes. Our order book across trade, export, API, and spiral pipe stood at INR800 crore, including 78,000 tons of export API orders for the US market. Looking ahead, our strategy for the business rests on three pillars: capacity expansion, deepening our value-added product mix and structural cost reduction. Three new DFT mills are being commissioned across Gujarat, Malanpur, and Bahadurgarh plants between August and December 2026. And we will continue to add 2 lakh to 3 lakh ton of capacity every year, targeting overall capacity of about 16 lakh ton in FY27 and approximately 2 million ton of capacity by FY '28-'29. On cost, our various automation, energy efficiency, and replacing old plants initiatives are directed at a per ton cost reduction of about INR1,100. And we are fully committed that full year of FY27 guidance of INR4,600 to INR4,700 per ton EBITDA will be achieved. We remain confident that our current global supply chain present structural long-term opportunity for efficient Indian manufacturers with integrated capabilities, and Surya is exceptionally doing well-positioned to capture that upside across both our businesses. Now, I would like to request Mr. B. B. Singal to share his views. Thank you. B. B. Singal: Thank you, MD sir, and a very good afternoon to all the participants on the call. For the quarter, the revenue was INR2,046 crore as compared to INR1,605 crore, a growth of 28% year-on-year basis. EBITDA and PAT stood at INR120 crore and INR60 crore as compared to INR83 crore and INR34 crore in Q1 FY26, a growth of 46% and 77% year-on-year basis, respectively. In Lighting & Consumer Durables, revenue for the quarter stood at INR456 crore as against INR397 crore, a growth of 15% [Showing first 8,000 characters — download PDF for full document]