Surya Roshni Announces Strong Q1FY27 Results; Consolidated Revenue Rises 28% YoY

<h1>Surya Roshni Announces Strong Q1FY27 Results; Consolidated Revenue Rises 28% YoY</h1>

New Delhi, August 11, 2026: Surya Roshni Limited, a leading exporter of ERW Pipes and one of India's major Lighting companies, has declared its unaudited financial results for the quarter ended June 30, 2026. The company reported robust growth across its segments, with consolidated revenue rising 28% year-over-year (YoY).

The financial performance highlights show a healthy uptick in profitability and operational efficiency across the business units.

Consolidated Financial Performance​

Surya Roshni’s Q1FY27 saw significant improvements in key metrics across both the Lighting & Consumer Durables and Steel Pipes & Strips segments. The company maintained its focus on diversification and quality, as reflected in improved margins for both businesses.

Key consolidated figures are summarized below:

Segment Performance Details​

The results demonstrated a strong performance in both core business units. The Steel Pipes & Strips segment recorded revenue of ₹1,590 crore, marking a 32% increase YoY. Volume also saw a considerable rise of 21% to reach 2.28 lakh tonnes. EBITDA for the segment stood at ₹84 crore, up 63% YoY (from ₹52 crore in Q1FY26).

The Steel Pipes & Strips business benefited from strong growth across various product lines. Section pipes grew by 38% YoY as the company ramped up exports and aligned new capacity towards this category. ERW API pipes experienced a surge of 207% YoY, driven by both domestic and export demand following market developments. GP pipes and spiral non-API water pipes also showed healthy growth rates at 53% and 36% respectively.

Management noted that value-added products now contribute approximately 47% of the total volumes, while exports accounted for roughly 20% of segment volumes. The total order book across trade, exports, API, and spiral pipes stood at approximately ₹800 crore.

In the Lighting & Consumer Durables segment, revenue reached ₹456 crore in Q1FY27, up 15% YoY (from ₹397 crore). This growth was attributed to broad-based volume expansion across LED bulbs, battens, downlighters, appliances, and professional lighting.

Operational Strategy and Financial Health​

The company continued to implement structural improvements and strategic expansions in both segments. In Steel Pipes & Strips, the business is focused on capacity expansion, with three new DFT mills being commissioned between August and December 2026 across Anjar, Malanpur, and Bahadurgarh. The company aims for these investments to lead to sustained profitability, supported by automation and energy efficiency measures that target a per-tonne cost reduction of ₹1,100.

In the Lighting & Consumer Durables segment, management highlighted the strength derived from consistent growth across the entire portfolio. On sustainability, 3 MW of rooftop solar capacity has been commissioned across two lighting factories.

CFO Bharat Bhushan Singal confirmed that improved working capital optimization and cost rationalization allowed Surya Roshni Limited to achieve a zero-debt status, holding a net cash surplus fund of ₹154 crore as on June 30, 2026. The company recorded a Return on Capital Employed (ROCE) of 12.69% and a Return on Equity (ROE) of 8.95%.

Looking ahead, the company reiterated its guidance for FY27, expecting continued growth in both value and volume across the business. Surya Roshni plans to scale its core lighting business through deeper distribution penetration into Tier 2 and Tier 3 markets.

SURYAROSNI Stock Price Movement​

Today, Surya Roshni Limited saw its stock shed 1.48%, closing at ₹244.06 after the market session. The equity traded a volume of 2.40 million shares as it settled lower for the day.