SURYAROSNI

Surya Roshni truly delivered a strong Q2 FY26, with consolidated revenue climbing an impressive 21% year-on-year to ₹1,845 crore. Profitability soared even more, as EBITDA jumped 69% to ₹141 crore and net profit more than doubled to ₹74 crore, driven by better pricing, a smart product mix, and improved operational efficiency. The steel division was a standout performer, boosting revenue 24% to ₹1,411 crore, while its profit per metric ton surged 73%. This was fueled by a significant 45% increase in export volumes and an 86% rise in API pipes, meeting robust demand from the oil & gas sector and benefiting from new capacities. Even the lighting and consumer durables segment posted a solid 10% revenue growth to ₹434 crore, expanding its EBITDA margin to 9% thanks to festive demand, double-digit LED volume growth, and effective cost control. Financially sound, the company maintains a zero-debt status with a healthy ₹246 crore net cash surplus and has rewarded shareholders with an interim dividend. With robust order books and clear forward guidance, the outlook remains promising. Opinion: This is exceptionally positive for investors. Surya Roshni delivered impressive revenue and profit growth, with strong margin expansion across all segments. Their pristine, debt-free balance sheet, declared dividend, and robust order books provide excellent visibility and confidence. This strong operational performance and financial health suggest a company well-positioned for sustained shareholder value creation.