News ArticleSurya Roshni Limited Posts 33% Revenue Growth and Record Steel Pipes Sales in Q2 FY27
Half-year profit after tax rises 26% to ₹136 crore amid highest-ever Lighting segment revenue and strong order book of ₹1,400 crore
Surya Roshni Limited announced robust Q2 FY27 financial results with consolidated revenue rising 33% year-on-year to ₹2,448 crore, supported by record steel pipes volumes and a 26% increase in half-year profit after tax to ₹136 crore. The company saw a 38% year-on-year revenue increase in its Steel Pipes & Strips segment and delivered its highest-ever Q2 revenue of ₹507 crore in Lighting & Consumer Durables, entering H2 FY27 with a strong ₹1,400 crore order book.
Surya Roshni Limited
General / Other
Surya Roshni Limited reported strong unaudited Q2 FY27 results with consolidated revenue rising 33% year-on-year to ₹2,448 crore, driven by record steel pipes sales and growth in lighting and consumer durables. Profit after tax increased 3% for the quarter and 26% for the half-year ended September 30, 2026.
The company recorded its highest-ever quarterly steel pipes volume of 2.67 lakh tonnes, a 23% increase year-on-year, with steel pipes and strips revenue up 38% to ₹1,941 crore in Q2 FY27.
The Lighting and Consumer Durables segment achieved its highest-ever Q2 revenue of ₹507 crore, up 17% year-on-year, supported by volume growth across ceiling fans, water heaters, mixer grinders, and LED bulbs.
Surya Roshni's consolidated EBITDA for Q2 FY27 was ₹143 crore, marginally up 1% year-on-year, with margins affected by higher input costs, extended producer responsibility payments, and increased brand investment.
For the half-year ended September 30, revenue grew 30% year-on-year to ₹4,495 crore, EBITDA increased 18% to ₹263 crore, and profit after tax rose 26% to ₹136 crore.
The company’s order book stood at approximately ₹1,400 crore across both business segments, providing strong visibility for the traditionally stronger second half of fiscal 2027.
Highlights
- Consolidated Q2 FY27 revenue of ₹2,448 crore, up 33% year-on-year.
- Steel Pipes & Strips segment posted highest-ever quarterly sales volume of 2.67 lakh tonnes, revenue up 38% year-on-year.
- Lighting & Consumer Durables achieved record Q2 revenue of ₹507 crore, up 17% year-on-year.
- Half-year profit after tax increased 26% year-on-year to ₹136 crore.
- Order book of approximately ₹1,400 crore supports growth outlook for H2 FY27.
Key Data Snapshot
What happened
- Surya Roshni Limited announced unaudited financial results for Q2 and H1 FY27 ending September 30, 2026.
- The consolidated revenue grew 33% year-on-year in Q2 FY27 and 30% in H1 FY27, with profit after tax rising 3% in the quarter and 26% in the half-year.
- Steel Pipes & Strips segment posted record sales volume and revenue growth, while the Lighting & Consumer Durables segment delivered its highest-ever Q2 revenue.
- The company reported a consolidated EBITDA margin of 5.8% for Q2 FY27, down from 7.6% in Q2 FY26 due to one-time factors and increased costs.
Key details
- Steel Pipes & Strips volume reached 2.67 lakh tonnes in Q2 FY27, up 23% year-on-year and highest quarterly volume ever.
- Export volumes increased 64% year-on-year, contributing about 24% of segment volumes, with US export volumes more than doubling sequentially.
- Lighting and Consumer Durables segment saw broad-based volume growth, with ceiling fans and water heaters up 26% each and LED bulbs up 11%.
- The company’s order book totals approximately ₹1,400 crore, including strong export and professional lighting orders for H2 FY27.
- Input cost pressures and extended producer responsibility payments affected EBITDA margins year-on-year despite stable sequential margins.
Financial performance
- Q2 FY27 consolidated revenue rose to ₹2,448 crore and EBITDA was ₹143 crore with a margin of 5.8%.
- Half-year consolidated revenue was ₹4,495 crore, EBITDA ₹263 crore and profit after tax ₹136 crore, growing 30%, 18%, and 26% respectively year-on-year.
- Lighting & Consumer Durables segment delivered ₹40 crore EBITDA in Q2 FY27 at a margin of 7.8%.
- Steel Pipes & Strips segment earned ₹103 crore EBITDA in Q2 FY27 with an improved per tonne EBITDA of ₹4,105.
- Company managed price increases to offset higher input costs and increased brand investments amid strong sales volume growth.
Business impact
- Record steel pipes volumes and revenue growth underpin the company’s market leadership and export expansion.
- Lighting & Consumer Durables segment's diversification and product volume growth strengthened earnings despite input cost challenges.
- The substantial order book provides execution visibility for a strong second half of fiscal 2027, traditionally the company's busiest period.
- Continued investment in brand and new product offerings supports long-term growth in both segments.
Highlights
- Consolidated Q2 FY27 revenue of ₹2,448 crore, up 33% year-on-year.
- Steel Pipes & Strips segment posted highest-ever quarterly sales volume of 2.67 lakh tonnes, revenue up 38% year-on-year.
- Lighting & Consumer Durables achieved record Q2 revenue of ₹507 crore, up 17% year-on-year.
- Half-year profit after tax increased 26% year-on-year to ₹136 crore.
- Order book of approximately ₹1,400 crore supports growth outlook for H2 FY27.
Disclosures
- Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Source Information
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