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Surya Roshni Ltd

Q1 FY27Industrial Products

Surya Roshni Q1 FY27 earnings call: Revenue & Margins

Q1 FY27 earnings call: what management said on revenue, margins and capex.

Price₹212
Market cap₹4.6K Cr
P/E14.8
Updated16 Oct 2026
Read4 min read

Surya Roshni Ltd Q1 FY27 key numbers

Revenue
Lighting business anticipates 20%-22% growth in sales with INR2,200 crore turnover in FY27 vs INR1,809 crore last year.

As stated in Surya Roshni Ltd's Q1 FY27 earnings call transcript · published 25 Aug 2026. Reported figures, not investment advice.

The short version

Steel Pipes segment expects volume growth of 20%-22% and value growth of 30%+ year-on-year. Surya Roshni expects around 22%-23% value growth and approximately 25% volume growth in the lighting segment for FY27.

From Surya Roshni Ltd's Q1 FY27 earnings-call transcript · updated 16 Oct 2026.

Revenue & Sales Performance

Good growth
  • Steel Pipes segment expects volume growth of 20%-22% and value growth of 30%+ year-on-year.
  • Lighting business anticipates 20%-22% growth in sales with INR2,200 crore turnover in FY27 vs INR1,809 crore last year.
  • Overall company revenue guidance for FY27 is INR9,400-9,500 crore.
  • Volume is targeted to increase from 14 lakh tons to 16 lakh tons in pipe segment by end of FY27; expected to reach 20 lakh tons by FY28-29.
  • Annual capacity expansion planned at 2-3 lakh tons, with new DFT mills commissioning between August-December 2026.
  • Export volumes to grow, targeting 3 lakh tons for FY27, with US market share around 10%-11%.
  • EBITDA guidance stands at INR670-680 crore for FY27, maintaining previous estimates.

2 more points from Surya Roshni Ltd's call on revenue

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Profitability & Margins

See what Surya Roshni Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Capex planned
  • Current Capex: Approximately INR 100 crore is being invested to increase pipe segment capacity from 14 lakh tons to 16 lakh tons, funded through internal accruals (Page 15).
  • Upcoming Capacity Expansion:
  • Capacity to reach 2 million tons by FY '28-'29 by adding 2-3 lakh tons annually (Page 4, Page 14-15).
  • Expansion ongoing at three plants (Gujarat, Malanpur, Bahadurgarh) with commissioning of new DFT mills by Dec 2026 (Page 4).
  • Additional capacity of nearly 3 lakh tons being added in Hindupur, South India, with a setup involving INR 60 crore investment and first mill commissioning by January 2027 (Page 15).

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Top-ranked in Industrial Products

Ranked on what management guided this quarter

Guidance-ranked
Rev 1Mar 1
2Shera Energy
Rev 1Mar 1
3
Rev 1Mar 1
4
Rev 1Mar 2
5
Rev 1Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

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Order Book & Pipeline

Order book flat
  • As of the current quarter, the steel segment order book stands at around INR 800 crore, down from INR 1,000 crore at the end of March.
  • Despite this decrease, the order book now has a higher proportion of exports with improved freight-related pricing.
  • The overall business maintains a consistent order book in the range of INR 800 crore to INR 1,200 crore regularly.
  • Combined lighting and steel businesses have an order book of approximately INR 1,000 crore.
  • Export order book includes fresh orders booked at higher freight rates, reflecting tariff adjustments.

2 more points from Surya Roshni Ltd's call on order book

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What the Q1 FY27 call signalled

2 of 4 strong

RevenueGood growth
MarginMargins steady
CapexCapex planned
Order bookOrder book flat

Surya Roshni Ltd — Quarterly revenue & net profit

Revenue Net profit
Dec 2024Q3 FY25
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26

Q1 FY27 figures are not in this chart yet. Latest shown: Mar 2026 (Q4 FY26). The Q1 FY27 numbers from the filing are in the analysis on this page.

Reported quarterly figures (₹ Cr). Latest (Q4 FY26): revenue ₹2.2K Cr, net profit ₹98 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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Frequently Asked Questions

What were Surya Roshni Ltd Q1 FY27 results?

Steel Pipes segment expects volume growth of 20%-22% and value growth of 30%+ year-on-year. Surya Roshni expects around 22%-23% value growth and approximately 25% volume growth in the lighting segment for FY27.

What is Surya Roshni Ltd share price analysis?

Surya Roshni Ltd currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 14.8 with a market cap of ₹4,612 Cr. Investors should review the full earnings analysis for detailed insights.

Is Surya Roshni Ltd planning capital expenditure?

Current Capex: Approximately INR 100 crore is being invested to increase pipe segment capacity from 14 lakh tons to 16 lakh tons, funded through internal accruals (Page 15). - Upcoming Capacity Expansion: - Capacity to reach 2 million tons by FY '28-'29 by adding 2-3 lakh tons annually (Page 4, Page 14-15).

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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.