SURYAROSNI NSE filing

Surya Roshni Q3 FY26 Revenue ₹1,927 Crore, PAT ₹80 Crore

The RealCase readMedium impact Neutral

Surya Roshni's Q3 FY26 consolidated revenue rose 3% YoY to ₹1,927 crore. PAT stood at ₹80 crore, impacted by inventory losses in steel pipes. Lighting & Consumer Durables revenue grew 6% YoY to ₹476 crore. Steel pipes revenue was stable at ₹1,451 crore.

Why it matters

The results provide a detailed update on the company's performance across its key segments. The mixed financial outcome, with some segments performing well and others facing headwinds, warrants a medium impact assessment.

The market read

The results show modest revenue growth in Lighting & Consumer Durables but a slight decline in PAT due to inventory losses in the Steel Pipes business. While there are positive operational aspects, the overall financial outcome is mixed.

Surya Roshni Limited has announced its financial results for the third quarter and nine months ended December 31, 2025 (Q3 FY26 and 9M FY26).

In Q3 FY26, the consolidated revenue increased by 3% year-on-year to ₹1,927 crore, while EBITDA stood at ₹148 crore. Profit After Tax (PAT) for the quarter was ₹80 crore. This was impacted by inventory losses in the Steel Pipes business due to steel price corrections, partially offset by improved sequential operating performance.

The Lighting & Consumer Durables segment showed steady growth, with revenue rising 6% year-on-year to ₹476 crore. This growth was supported by festive demand, strong performance in LED bulbs, battens, and downlighters, and continued traction in professional lighting, despite input cost pressures in select appliance categories. The segment's EBITDA margins were 8.8% in Q3 FY26.

The Steel Pipes business reported stable revenues of ₹1,451 crore, driven by higher dispatch volumes and a healthy product mix. EBITDA was impacted by inventory losses following a decline in steel prices, although value-added products and hollow sections continued to perform well. The segment's EBITDA was ₹106 crore with margins of 7.3%, impacted by a one-time inventory loss of approximately ₹500 per ton due to steel price correction.

For the nine months ended December 31, 2025 (9M FY26), consolidated revenue was ₹5,377 crore, and PAT was ₹188 crore.

Filing to action

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 medium impact: worth reading, rarely worth acting on by itself.

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Primary source

A plain-language summary of a public exchange filing by Surya Roshni Limited. Read the original for the full detail.

View original filing