Surya Roshni (SURYAROSNI) Q1 26/27 earnings summary

Executive summary

• Consolidated Q1 FY27 revenue reached INR 2,046 crore, up 28% year-on-year, with EBITDA at INR 120 crore and PAT at INR 60 crore, a 77% increase year-on-year.

• Steel Pipes & Strips segment achieved its strongest Q1 volume in recent years, up 21% year-on-year, while Lighting & Consumer Durables posted record Q1 sales.

• Unaudited standalone and consolidated financial results for the quarter ended 30th June 2026 were approved, showing continued growth in both revenue and profitability.

• Board approved a final dividend of Rs. 2.50 per share for FY 2025-26, with record date set for 21st August 2026.

• Strategic focus on value-added products and exports, with value-added contributing 47% of steel segment volumes and exports at 20%.

Financial highlights

• Q1 FY27 consolidated revenue: INR 2,046 crore (28% YoY growth); EBITDA: INR 128 crore (46% YoY); PAT: INR 60 crore (77% YoY).

• Lighting and consumer durables revenue: INR 456 crore (15% YoY growth); EBITDA: INR 36 crore (17% YoY growth); margin improved to 7.9%.

• Steel pipe and strip revenue: INR 1,590 crore (32% YoY growth); EBITDA: INR 84 crore (63% YoY growth); EBITDA per ton: INR 4,006 (up from INR 2,922 YoY).

• Consolidated profit for the period was Rs. 5,960 lakhs, compared to Rs. 3,363 lakhs in the same quarter last year.

• Net cash surplus of INR 155 crore as of June 30, 2026; lean balance sheet maintained.

Outlook and guidance

• FY 2027 guidance: 22%-23% value growth and 25% volume growth in lighting.

• Steel segment targeting 2 million ton capacity by FY 2028-2029, with annual additions of 2-3 lakh tons.

• Full-year EBITDA per ton guidance for steel: INR 4,600-4,700.

• Export contribution in steel expected to rise from 17% in FY 2026 to 20%-25% in FY 2027.

• Leadership emphasized sustainable growth, operational efficiency, and prudent capital allocation as ongoing strategic priorities.