Surani Steel Tubes Q2 FY26 – Weak Quarter with Sharp Decline in Revenue & Operating Performance

Surani Steel Tubes reported a challenging September 2025 quarter, with steep YoY declines in sales and EBIDT, though net profit remained marginally positive and EPS improved due to a low base effect. • Sales: ↓ 54% YoY to ₹50.9 crore (vs ₹111 crore in Sep 2024) • EBIDT: ↓ 190% YoY to -₹0.75 crore (vs ₹0.83 crore) • Net Profit: ↓ 14% YoY to ₹2.11 crore (vs ₹1.17 crore) • EPS: ↑ 45% YoY to ₹1.36 (vs ₹0.94) At a price of ₹79.0, market cap ₹122 crore, and PE 41.0, Surani Steel Tubes faces continued pressure on operating profits and revenue momentum, though profitability at the net level shows relative stability.