Surya Roshni Q2: Net profit up 117%, revenue up 21%

Shares of Surya Roshni closed marginally lower on Tuesday, November 11, despite posting a strong performance for Q2 of the current financial year. 

Net profit grew 117% year-on-year to ₹74.3 crore from ₹34.2

crore in the same quarter last year.

The company reported ₹1,845.2 crore in revenue from operations, up 21% on a year-on-year basis and 15% on a sequential basis. Revenue in the same quarter last year stood at ₹1,529 crore while June quarter revenue stood at ₹1,605 crore. Festive demand and continued interest in professional lighting drew demand.

Despite pricing pressures in certain categories, the company said lighting and consumer durable segment recorded a healthy increase in revenue with strong double-digit volume growth in LED lamps, battens, water heaters, and mixer grinders.

Earnings before interest, tax, depreciation and amortisation (EBITDA) grew by 55% from last year to ₹118 crore, while EBITDA margin improved by 140 basis points to 6.4% from 5% a year earlier.

The company's order book stands at ₹750 crore in-hand for oil and gas sector, water sector, and exports business.

Shares closed at ₹302.45 apiece on the NSE, which is 0.64% below the day's opening.  

Based in New Delhi, Surya Roshni claims to be the largest exporter of ERW Pipes, largest producer of ERW GI pipes and one of the largest lighting companies in India.

The company's Managing Director Raju Bista also announced an Interim Dividend of ₹2.50 per share at the face value of ₹5 per share. 

"Price erosion in the LED category continued across the industry, though its intensity has reduced over the past two quarters. The market remains competitive, but our strong backward integration, diversified product mix, and cost efficiencies have helped us maintain profitability," Bista said in a statement.

Its wire business, launched in August, is on track to achieve FY26 revenue guidance of ₹150 crore.

Bista also said that the company is confident of achieving revenue of ₹1,850–₹1,900 crore and ₹180 crore EBITDA for the lighting and consumer durables business, per its full-year guidance.