India · Delayed Price · Currency is INR Surya Roshni Earnings Call Transcripts
Fiscal Year 2026
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Q4 FY 2026 saw stable revenue and improved margins, but EBITDA and PAT declined year-on-year. Lighting and Consumer Durables achieved record sales, while steel segment volumes hit all-time highs despite export challenges. The company remains zero-debt with strong cash surplus.
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Q3 FY26 saw 3% YoY revenue growth and stable operating performance, with EBITDA margins pressured by input costs and a one-time steel inventory loss. The company remains zero-debt with a strong cash surplus and continues to invest in capacity expansion.
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Q2 FY26 saw 21% YoY revenue growth and 117% PAT increase, with strong performance in both steel and lighting segments. The company achieved zero-debt status, declared an interim dividend, and maintained robust order books, supporting positive full-year guidance.
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Q1 FY26 saw a 15% YoY revenue decline and 48% drop in EBITDA, mainly due to SAP disruptions, weak domestic demand, and softer prices. Export volumes grew 23% YoY, and the company remains zero-debt with a strong order book, maintaining double-digit growth guidance for FY26.
Fiscal Year 2025
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Q4 FY25 saw 3% revenue growth and 22% EBITDA growth year-on-year, with full-year EBITDA up 4% despite a 5% revenue decline. The company achieved zero-debt status, announced a 170% dividend payout, and set ambitious growth and Capex plans, including new product launches and export opportunities.
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Q3 FY25 saw a 4% YoY revenue decline due to lower steel prices, but sequential growth was strong with EBITDA and PBT up sharply. Lighting and Consumer Durables delivered double-digit growth, while steel pipes saw volume gains but revenue pressure. Net cash and robust CapEx plans support future expansion.
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Q2 FY 2025 saw revenue and margins decline due to lower steel prices and subdued demand, but operational efficiencies and cost management provided resilience. Lighting and consumer durables grew 5% year-on-year, and the company remains zero-debt with a cash surplus.
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Q1 FY 2025 delivered strong EBITDA growth and margin expansion, with robust performance in both steel and lighting segments. The company remains debt-free, is expanding capacity, and expects 12%-15% growth in both revenue and steel pipe volumes for FY 2025.