Surya Roshni Q3 FY26 Earnings Call Transcript Released
Surya Roshni's Q3 FY26 consolidated revenue grew 3% YoY to ₹1,927 crore. EBITDA was ₹148 crore and PAT ₹80 crore. The Lighting segment revenue increased 6% to ₹476 crore, while Steel Pipes revenue was ₹1,451 crore. The company remains zero-debt with ₹245 crore net cash surplus. Management projects FY27 EBITDA of ₹750 crore.
The announcement provides a detailed update on quarterly financial performance and future guidance, which is material information for investors. However, it does not announce any significant new corporate actions or strategic shifts that would warrant a 'HIGH' impact.
The company reported revenue growth in Q3 FY26, maintained a zero-debt status, and provided a positive outlook for FY27 with projected EBITDA growth, indicating a healthy financial performance and positive future prospects.
Surya Roshni Limited has released the transcript of its earnings conference call for the quarter ended December 31, 2025. The call, which took place on February 11, 2026, discussed the company's unaudited financial results and operational performance. Key management personnel, including Managing Director Mr. Raju Bista and CFO Mr. B.B. Singal, participated in the call.
During Q3 FY2026, consolidated revenue increased by 3% year-on-year to ₹1,927 crore, with EBITDA at ₹148 crore (7.7% margin) and PAT at ₹80 crore. For the nine-month period ended December 2025, consolidated revenue was ₹5,377 crore, EBITDA ₹371 crore, and PAT ₹188 crore. The company maintained its status as a zero-debt entity with a net cash surplus of ₹245 crore as of December 31, 2025.
The Lighting and Consumer Durable segment reported revenue of ₹476 crore, a 6% year-on-year growth, driven by consumer lighting categories and professional lighting for infrastructure projects. The Steel Pipe and Strip segment generated revenue of ₹1,451 crore with a dispatch volume of 2.37 lakh tonnes. Profitability in this segment was impacted by a one-time inventory loss of approximately ₹500 per tonne due to a sharp correction in steel prices in October and November. However, EBITDA improved sequentially by about 4% quarter-on-quarter.
The company also discussed future outlook and strategies, including capacity expansion in steel pipes, growth in export markets like the Middle East and Africa, and potential opportunities in the API pipe segment. Management expressed confidence in achieving significant EBITDA growth in FY2027, with projections for the Steel division at ₹540-550 crore and the Lighting division at ₹200 crore, aiming for a total EBITDA of ₹750 crore.
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Surya Roshni Limited filed this with the NSE as a statutory disclosure, categorised under concall transcript released. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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