Surya Roshni
Surya Roshni Q3 FY25: Revenue ₹100 Cr
Q3 FY25 earnings call: what management guided on revenue, margins and order book.
The short version
FY25 volume expected around 8.8-8.9 lakh tons, slightly below earlier 9 lakh tons target due to election year and global crises. Revenue growth expected to be double-digit in lighting segment driven by innovation, premiumization, and cost rationalization.
From Surya Roshni's Q3 FY25 earnings-call transcript · updated 26 Aug 2026.
Revenue & Sales Performance
- FY25 volume expected around 8.8-8.9 lakh tons, slightly below earlier 9 lakh tons target due to election year and global crises.
- FY26 volume targeted at 12 lakh tons (approx. 33% growth from FY25), enabled by ₹500 crores capex in cold rolling, spiral plants, and expansion at Anjar and Hindupur.
- Over next 3 years, annual volume growth expected to be around 1.5-1.75 lakh tons; 12-15% year-on-year volume growth anticipated due to capacity expansions and new investments.
- Sales revenue growth is projected in line with volume increase and gross margin improvements, with double-digit percentage growth in lighting division.
- Exports and high-value products (API pipes, large diameter, DFT pipes) are expected drivers for volume and revenue growth.
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Profitability & Margins
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Capital Expenditure Plans
- Approved ₹25 crore capex for domestic wire business at Gwalior facility, entering a ₹25,000 crore market; expected business: ₹100 crore (1st year), ₹200 crore (2nd year), ₹300 crore (3rd year).
- ₹500 crore capex plan over next 2-3 years focused on steel pipe & strips, increasing capacity from 12 lakh tons to around 18-19 lakh tons.
- Investments in cold rolling mill (~₹200 crore completed), spiral plant in Gwalior (60,000 tons p.a.), Anjar, Hindupur expansions.
- Hindupur capex increased from ₹75 crore to ₹125 crore for large diameter, DFT, and coated pipes (200,000 tons p.a. expansion).
- Investment in Direct Forming Technology (DFT) plants across facilities to improve manufacturing cost.
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Top-ranked in Industrial Products
Ranked on what management guided this quarter
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
- As per the call, the professional lighting segment has a healthy order book of about ₹150 crores.
- The spiral pipe plant in Gwalior, started recently, has orders of over 30,000 tons currently in hand.
- The JJM (Jal Jeevan Mission) project extension till 2028 provides ongoing demand with around 1 lakh tons of large diameter pipes supplied in the last 1.5-2 years.
- The company expects tendering activity to increase post-election in the steel pipe segment, particularly in the ERW and Spiral pipe segments mainly for oil and gas infrastructure.
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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
- Q1 FY27 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q4 FY26 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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Frequently Asked Questions
What were Surya Roshni Q3 FY25 results?
FY25 volume expected around 8.8-8.9 lakh tons, slightly below earlier 9 lakh tons target due to election year and global crises. Revenue growth expected to be double-digit in lighting segment driven by innovation, premiumization, and cost rationalization.
What is Surya Roshni share price analysis?
Surya Roshni currently shows a neutral. 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?
Approved ₹25 crore capex for domestic wire business at Gwalior facility, entering a ₹25,000 crore market; expected business: ₹100 crore (1st year), ₹200 crore (2nd year), ₹300 crore (3rd year). - ₹500 crore capex plan over next 2-3 years focused on steel pipe & strips, increasing capacity from 12 lakh tons to around 18-19 lakh tons. - Investments in cold rolling mill (~₹200 crore completed), spiral plant in Gwalior (60,000 tons p.a.), Anjar, Hindupur expansions. - Hindupur capex increased from ₹75 crore to ₹125 crore for large diameter, DFT, and coated pipes (200,000 tons p.a.
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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.