Surya Roshni Reports Q1FY27 Results: PAT Surges 77% to ₹60 Crore on Record Volume Performance

Surya Roshni Limited, India's largest exporter of ERW Pipes, largest producer of ERW GI pipes, and a major player in the lighting industry, has announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1FY27). Driven by record sales volumes across both its core business segments, the company reported sharp top-line and bottom-line growth.

Consolidated Financial Performance Overview

Surya Roshni achieved a consolidated revenue of ₹2,046 crore in Q1FY27, marking a 28% year-on-year growth compared to ₹1,605 crore in Q1FY26.

Profitability expanded across key operating metrics during the quarter:

EBITDA: Reached ₹120 crore, representing a 46% year-on-year increase from ₹83 crore in Q1FY26.

EBITDA Margin: Expanded by 73 basis points year-on-year to 5.9%, up from 5.1% in Q1FY26.

Profit Before Tax (PBT): Increased by 77% year-on-year to ₹81 crore, compared to ₹46 crore in the prior-year period.

Profit After Tax (PAT): Rose by 77% year-on-year to ₹60 crore, up from ₹34 crore recorded in Q1FY26.

As of June 30, 2026, the company maintained a healthy financial position with a net cash surplus of ₹154 crore and a total order book standing at approximately ₹950 crore.

Segmental Breakdown

Steel Pipes & Strips Segment

The Steel Pipes & Strips business registered its strongest Q1 volume performance in recent years, achieving an all-time high Q1 sales volume of 2.28 lakh tonnes-a 21% increase over Q1FY26. Segment revenues rose 32% year-on-year to ₹1,590 crore, up from ₹1,207 crore.

Operating profitability for the segment saw significant improvement, with EBITDA increasing by 63% year-on-year to ₹84 crore, up from ₹52 crore in Q1FY26. EBITDA per metric tonne (EBITDA/MT) expanded 37% year-on-year to ₹4,006 compared to ₹2,922 in the corresponding quarter of the previous year. Segment PBT surged 134% year-on-year to ₹57 crore.

Key operational drivers within the steel segment included:

Product Growth: Driven by substantial volume gains in section pipes (up 38% YoY), ERW API pipes (up 207% YoY), spiral non-API water pipes (up 36% YoY), pre-galvanised (GP) pipes (up 53% YoY), and cold-rolled steel pipes (up 30% YoY).

Value-Added Contribution: High-margin value-added products accounted for approximately 47% of overall segment volumes during the quarter.

Exports: Represented roughly 20% of segment volumes, reflecting an ongoing shift toward product and geographic diversification.

Order Pipeline: The segment order book across trade, exports, API, and spiral pipes stood at ~₹800 crore, which includes 78,000 tonnes of export API orders targeted for the US market.

Lighting & Consumer Durables Segment

The Lighting & Consumer Durables segment recorded its highest-ever Q1 sales value, generating revenue of ₹456 crore, which represents a 15% year-on-year growth compared to ₹397 crore in Q1FY26.

Segment performance details include:

EBITDA: Rose 17% year-on-year to ₹36 crore, up from ₹31 crore in Q1FY26.

EBITDA Margin: Expanded by 13 basis points year-on-year to 7.9%.

Segment PBT: Reached ₹24 crore, reflecting a 12% increase from ₹21 crore in Q1FY26.

Revenue growth was broad-based, driven by volume gains across LED bulbs, battens, downlighters, home appliances, and professional lighting products. The company successfully navigated a ~7% input cost increase during the quarter by passing it through to the market, protecting segment profitability while sustaining strong demand across appliance product categories.

Source : Equity Bulls

Keywords

SuryaRoshni Q1FY27 Q1FY2027 ResultUpdate