ALFA Finder| Revenue growth | Consolidated revenue +33% YoY, +20% QoQ to ₹2,448 Cr; steel-led. |
|---|---|
| Margins | Steel EBITDA/ton ₹4,105 vs ₹5,013 YoY; lighting EBITDA margin 7.8%, flat QoQ. |
| Order book | Steel ~₹1,200 Cr incl. ₹850 Cr exports; lighting >₹200 Cr. |
| Demand visibility | Steel order book ~₹1,200 Cr; lighting ₹200 Cr+; API tenders reviving. |
| Management confidence | Confident tone; reiterates FY27 targets; buyback/demerger answers vague. |
Growth
Revenue +33% YoY (steel +38%, lighting +17%); EBITDA +1%, PAT +3%. Growth is margin-diluted.
Outlook
FY27: steel ~₹4,600-4,650/ton EBITDA, 11 lakh tons; FY28: 14 lakh tons, ₹4,600-4,800/ton; FY30: 2 million tons.
Risks
Steel EBITDA/ton guidance cut from >₹5,500 to ~₹4,650; Q2 ₹4,105 vs ₹5,013 last year; buyback/demerger deflected to Board.
Last quarter's promises, checked
Delivered
- Q2 steel vol guided 2.6-2.65 lakh t → 2.67 lakh t (= BEAT)
Partly delivered
- FY27 steel EBITDA/t guided ₹4,600-4,700 → reiterated ~₹4,600-4,650 vs Q1 ₹4,006, Q2 ₹4,105 (= PARTIAL)
- FY27 lighting value growth guided 22-23% → Q2 lighting revenue +17% YoY (= PARTIAL)
Missed
- Q1 steel vol guided 2.65 lakh t → 2.30 lakh t (= MISS)
- Q1 steel EBITDA/t guided ~₹4,700 → ₹4,006 (= MISS)
- Q2 steel EBITDA/t guided ₹4,400-4,500 → ₹4,105 (= MISS)
- Buyback 'very soon' → deflected to Board (= MISS)
Earnings Call Transcript filed with BSE, NSE: SURYAROSNI. Summary written with AI assistance from the document.
Surya Roshni Ltd: key numbers
- Share price
- ₹213.31
- Market cap
- ₹4,642 Cr
- Revenue (annual)
- ₹7,540 Cr
- Net profit (annual)
- ₹285.8 Cr
- P/E (TTM)
- 14.8×Sector 17.1×
- Promoter holding
- 63.02%+0.00% QoQ
- FII holding
- 4.27%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Surya Roshni Ltd
All →Surya Roshni Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹2,448 cr (+33% YoY), PAT ₹77 cr (+3%), EBITDA margin 5.8%. Record steel volumes; value-added mix rising.
Surya Roshni Results Update
Surya Roshni reported Q2 FY27 consolidated revenue up 33% YoY to ₹2,448 crore, with PAT of ₹77 crore. Order book is about ₹1,400 crore across both businesses.
Surya Roshni Q2 FY27 Results: Net Profit ₹76.7 Cr, Up 3.4% YoY
Surya Roshni Ltd reported revenue from operations of ₹2,448 Cr (+32.7% YoY) and net profit of ₹76.7 Cr (+3.4% YoY) for Q2 FY27.
- Key figure
- Net profit ₹76.7 Cr · +3.4% YoY
Surya Roshni Board Meeting Date
Surya Roshni's board will meet on November 7, 2026, to approve Q2 FY27 unaudited results. Trading window stays closed until November 9.
Surya Roshni Other Announcement
Surya Roshni Ltd has filed its quarterly shareholding pattern for the period ended September 30, 2026, as required by regulatory norms.
Surya Roshni Business Update
Surya Roshni Ltd reported record quarterly sales volumes for Q2 FY27. Steel Pipes & Strips volume grew 23% YoY to 2.67 lakh tonnes.
- sales volume
- 2.67 lakh tonnes