Surya Roshni Q1 FY27: Revenue up 28% to ₹2,046 Cr, PAT surges 77% to ₹60 Cr
Surya Roshni's Q1 FY27 consolidated revenue rose 28% YoY to ₹2,046 crore, with PAT up 77% to ₹60 crore. EBITDA was ₹120 crore. The Lighting segment grew 15% to ₹456 crore, and Steel Pipes segment revenue increased 32% to ₹1,590 crore with 21% volume growth. The company remains debt-free with ₹155 crore net cash surplus.
The substantial year-on-year growth in revenue and profit, coupled with strong performance across both key business segments (Lighting and Steel Pipes), indicates a significant positive impact on the company's financial health and market position. The planned capacity expansion and focus on cost reduction also point towards future growth potential.
The company reported strong year-on-year growth in revenue and profit, with significant increases in EBITDA and PAT. Both major business segments, Lighting & Consumer Durables and Steel Pipes & Strips, showed robust performance and growth. Maintaining a zero-debt status and a healthy cash surplus further contributes to the positive sentiment.
Surya Roshni Limited announced its financial results for the first quarter of FY27, reporting a consolidated revenue of ₹2,046 crore, marking a significant year-on-year increase of 28%. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the quarter stood at ₹120 crore, while the Profit After Tax (PAT) reached ₹60 crore, a 77% surge compared to the same period last year. The company maintained its position as a zero-debt entity, with a net cash surplus of approximately ₹155 crore as of June 30, 2026.
The Lighting & Consumer Durables segment demonstrated robust performance, achieving its strongest first quarter with revenues of ₹456 crore, a 15% year-on-year growth. This growth was attributed to strong sales in LED bulbs, battens, and downlighters, alongside continued momentum in appliances and professional lighting. EBITDA for this segment grew by 17% year-on-year to ₹36 crore, with margins improving to 7.9%, despite passing on a 7% input cost increase. The segment's order book for professional lighting was approximately ₹150 crore.
The Steel Pipes & Strips segment also reported a strong quarter, with revenues climbing 32% year-on-year to ₹1,590 crore. Volume growth stood at 21% year-on-year, reaching 2.28 lakh tons, marking the highest-ever sales in a first quarter. Growth drivers included section pipes, ERW API pipes (boosted by US market exports), spiral, and cold-rolled pipes. EBITDA for this segment increased by 63% year-on-year to ₹84 crore, with EBITDA per ton rising to ₹4,006. Capacity utilization was approximately 82%, and value-added products constituted 47% of the total volume. The segment's order book was ₹800 crore, including 78,000 tons of export API orders for the US market.
Looking ahead, Surya Roshni plans to commission three new Direct Forming Technology (DFT) mills between August and December 2026, aiming to add 2 to 3 lakh tons of capacity annually, targeting 16 lakh tons by FY27 and 2 million tons by FY28-29. The company is also focused on structural cost reduction, aiming for a per-ton cost reduction of approximately ₹1,100. The management expressed confidence in achieving the full-year EBITDA guidance of ₹4,600 to ₹4,700 per ton.
What to do with a filing like this
Surya Roshni Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Surya Roshni Limited. Read the original for the full detail.