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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Surya Roshni
Surya Roshni (SURYAROSNI) investor relations material
Surya Roshni Q2 26/27 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 26/27 earnings summary7 Nov, 2026
Executive summary
Q2 FY27 consolidated revenue rose 33% YoY to ₹2,448.48 crore; EBITDA increased 1% to ₹143 crore and net profit rose 3% to ₹76.73 crore. Sequential revenue, EBITDA and PAT grew 20%, 19% and 29%.
H1 FY27 revenue increased 30% to ₹4,494.96 crore, EBITDA rose 18% to ₹263 crore and net profit grew 26% to ₹136.33 crore.
Statutory auditors issued unmodified limited review conclusions on standalone and consolidated results.
Financial highlights
Q2 FY27 gross profit was ₹528 crore, with a 21.6% margin; H1 gross profit was ₹964 crore, with a 21.4% margin versus 22.4% in H1 FY26.
Q2 EBIT was ₹109 crore and PBT ₹103.11 crore; H1 EBIT was ₹194 crore and PBT ₹183.80 crore.
Q2 total income was ₹2,454.61 crore and total expenses ₹2,351.50 crore; finance costs were ₹5.42 crore versus ₹9.10 crore in Q2 FY26.
No exceptional items were reported in Q2 or H1 FY27.
Segment performance
Steel Pipes & Strips Q2 revenue rose 38% YoY to ₹1,941 crore; EBITDA was ₹103 crore, up 1%, and PBT ₹75 crore, up 7%.
Lighting & Consumer Durables Q2 revenue reached a record ₹507 crore, up 17%; EBITDA was ₹40 crore, up 1%, with a 7.8% margin versus 9.0%.
H1 Steel Pipes & Strips revenue grew 35% to ₹3,531 crore; Lighting & Consumer Durables revenue rose 16% to ₹964 crore and EBITDA increased 8% to ₹76 crore.
Steel export volumes rose 64% to 64,408 tonnes, ~24% of segment volume; value-added products were ~48% of Q2 volume and capacity utilisation reached 84%.
Q2 volume growth included ceiling fans and water heaters +26% each, mixer grinders +20%, table/pedestal/wall fans +18% and LED bulbs +11%.
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Latest events from Surya Roshni
- Q1 FY27 revenue and profit surged, driven by steel, lighting, exports, and a dividend declared.SURYAROSNI
Q1 26/27 - FY26 revenue up, profit down; record sales and ₹5.00 dividend declared.SURYAROSNIQ4 25/26
- Q3 FY26 revenue up 3% YoY, but margins and net profit declined amid input cost pressures.SURYAROSNIQ3 25/26
- Q2 FY26 delivered double-digit growth, record steel volumes, and a strong cash position.SURYAROSNIQ2 25/26
- Q1 FY25 saw strong EBITDA and PAT growth, margin gains, and zero debt, setting up 12%-15% FY25 growth.SURYAROSNIQ1 24/25
- Revenue and profit declined, but cost controls and value-added focus support resilience.SURYAROSNIQ2 24/25
- Q4 FY25 delivered higher margins, record steel volumes, zero-debt, and strong cash flow.SURYAROSNIQ4 24/25
- Sequential profit and EPS surged in Q3 FY25, with strong growth in lighting and bonus shares issued.SURYAROSNIQ3 24/25
- Q1 FY26 revenue and EBITDA fell sharply, but export and consumer durables growth support recovery.SURYAROSNIQ1 25/26
Next Surya Roshni earnings date
Q3 26/2710 Feb, 2027
Surya Roshni
Next Surya Roshni earnings date
Q3 26/2710 Feb, 2027
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