Surya Roshni (SURYAROSNI) Q4 25/26 earnings summary

Executive summary

• FY 2026 consolidated revenue was ₹7,54,042 lakhs, up 1% year-over-year, with Q4 revenue at ₹2,16,325 lakhs, reflecting stable growth despite challenging conditions.

• FY 2026 PAT was ₹28,581 lakhs, down from ₹34,660 lakhs in FY25, with Q4 PAT at ₹9,830 lakhs, showing sequential improvement but year-over-year decline.

• EBITDA for FY 2026 was ₹54,139 lakhs, with Q4 EBITDA at ₹170 crore, and margins supported by improved product mix and realizations.

• The company maintained a zero-debt or lean balance sheet, with net cash surplus of ₹340 crore as of March 31, 2026.

• A total dividend of ₹5.00 per share was declared for FY 2026.

Financial highlights

• Q4 FY 2026 revenue was ₹2,16,325 lakhs, up 1% year-on-year; EBITDA and PAT declined to ₹170 crore and ₹9,830 lakhs, respectively.

• FY 2026 revenue was ₹7,54,042 lakhs, with EBITDA at ₹54,139 lakhs and PAT at ₹28,581 lakhs, both down year-over-year.

• Lighting & Consumer Durables Q4 revenue grew 9% year-on-year to ₹501 crore; FY 2026 revenue up 7% to ₹1,80,920 lakhs.

• Steel Pipes & Strips Q4 revenue was ₹1,662 crore; FY 2026 revenue was ₹5,73,122 lakhs, with value-added products contributing 43% of annual volume.

• FY 2026 EPS was ₹13.13, down from ₹15.95 in FY25.

Outlook and guidance

• Targeting FY 2027 wire and cable business revenue of ₹260 crore, with a three-year goal of ₹500–600 crore.

• Steel division targets export volumes above 2.5 lakh tonnes and overall volume of 11 lakh tonnes in FY 2027.

• Strong order book of ₹1,000 crore, mainly in exports, spiral pipes, and domestic API orders, provides robust visibility for H1FY27.

• Continued focus on value-added products and expansion in wires, cables, and PVC pipes expected to drive growth.

• No material liability is expected from the implementation of the new Labour Codes notified in November 2025.