Surya Roshni Limited (NSE:SURYAROSNI) filed the transcript of its Q1 FY27 earnings conference call on 18 August 2026, following the audio recording submitted on 11 August 2026. The call disclosed consolidated revenue of Rs 2,046 crore, up 28% year-on-year, with PAT rising 77% to Rs 60 crore for the quarter ended 30 June 2026.
Key Highlights
- Consolidated Q1 FY27 revenue stood at Rs 2,046 crore, up 28% year-on-year, against Rs 1,605 crore in Q1 FY26.
- PAT for the quarter was Rs 60 crore, up 77% year-on-year, while consolidated EBITDA reached Rs 120 crore, up 46% year-on-year.
- Steel Pipes segment posted its highest-ever Q1 sales at Rs 1,590 crore, with EBITDA per ton rising 37% year-on-year to Rs 4,006.
- The company reported a zero-debt position with a net cash surplus of Rs 154 crore as on 30 June 2026.
About the Company
Surya Roshni Limited (NSE:SURYAROSNI), headquartered at Bahadurgarh, Haryana, manufactures steel pipes and strips, LED lighting, and consumer durables. It operates plants across Gujarat, Malanpur, and Bahadurgarh, and markets products under the Surya brand. The company holds ISO 9001, ISO 14001, and IS 18001 certifications and is listed on both BSE (scrip code 500336) and NSE.
Announcement in Detail
The transcript, filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, covers the earnings call held on 11 August 2026 at 4:00 PM IST. Managing Director Raju Bista and CFO B.B. Singal presented results for the quarter ended 30 June 2026 alongside divisional CEOs. The Lighting and Consumer Durables segment reported its strongest-ever first quarter at Rs 456 crore revenue, up 15% year-on-year, with EBITDA of Rs 36 crore at a margin of 7.9%.
The Steel Pipes segment achieved volume of 2.28 lakh tons, up 21% year-on-year, with exports accounting for 20% of segment volumes, including 78,000 tons of export API orders for the US market. Three new DFT mills are being commissioned across Gujarat, Malanpur, and Bahadurgarh between August and December 2026. Management guided full-year FY27 Steel EBITDA per ton of Rs 4,600 to Rs 4,700, with Q2 expected to deliver Rs 4,400 to Rs 4,500 per ton.
Impact on Investors
Investors will note that Q1 FY27 Steel EBITDA per ton of Rs 4,006 was below the full-year guidance of Rs 4,600 to Rs 4,700. Management attributed the shortfall to elevated ocean freight costs, which impacted EBITDA by approximately Rs 800 per ton, and input cost increases of around Rs 200 per ton. The filing indicates that current export orders are being booked at revised freight rates, and management expects the full-year guidance to be met through higher per-ton realisations in Q3 and Q4.
The disclosed net working capital cycle of 72 days, return on capital employed of 12.69%, and zero net debt position are factual disclosures shareholders will observe when assessing the company's balance sheet position as of 30 June 2026.
Sector / Market Context
India's steel pipes and tubes sector has benefited from infrastructure spending under government programmes including the Jal Jeevan Mission and city gas distribution expansion. LED lighting penetration in India has grown steadily, supported by the Bureau of Energy Efficiency's UJALA scheme, which has distributed over 360 million LED bulbs nationally, according to BEE data, providing an established market backdrop for Surya Roshni's lighting segment.