Surya Roshni
Surya Roshni Q1 FY27 Results & Concall Highlights: Revenue, Margins & Order Book
Q1 FY27 earnings call: what management guided on revenue, margins and order book.
What the Q1 FY27 call signalled
2 of 4 strong
Not discussed on this call: fundraise.
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's Q1 FY27 earnings-call transcript · updated 25 Aug 2026.
Revenue & Sales Performance
- 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.
- Long-term next 5-year CAGR expectation of 15%-18% growth.
- Focus on increasing value-added product mix from ~47% towards 60%-80% in future.
Profitability & Margins
See what Surya Roshni said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- **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).
- **Strategic Investments:** Focus on greenfield projects to strengthen regional presence; clarity expected in next board meeting (Page 14).
- **Cost-reduction Initiatives:** Automation, energy efficiency, and plant replacement aimed at reducing per ton costs by INR 1,100 (Page 4).
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Surya Roshni said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- 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.
- There is confidence the order book amount will revert and stabilize in the range of INR 1,000 crore to INR 1,200 crore soon.
- Export volume guidance includes 2.3 lakh tons currently, moving to 2.6 lakh tons in Q2, 2.8-2.9 lakh tons in Q3, and about 3.2 lakh tons in Q4.
Surya Roshni — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹2.2K Cr, net profit ₹98 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Surya Roshni Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Surya Roshni 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 share price analysis?
Surya Roshni currently shows a moderate growth signal based on ranking data. The stock trades at a P/E of 15.3 with a market cap of ₹4,784 Cr. Investors should review the full earnings analysis for detailed insights.
Is Surya Roshni 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 concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.