Surya Roshni Ltd
Surya Roshni Q3 FY26: Order Book ₹500 Cr
Q3 FY26 earnings call: what management said on revenue, margins and capex.
Guidance rank: #49 of 100 in Industrial Products
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Surya Roshni Ltd Q3 FY26 key numbers
- Revenue
- Expected EBITDA per tonne in Steel division: minimum Rs 5,000 in FY 2026.
As stated in Surya Roshni Ltd's Q3 FY26 earnings call transcript · published 4 Aug 2026. Reported figures, not investment advice.
The short version
Steel division volume guidance for FY 2026: minimum 11,00,000 tonnes, reflecting ~17-18% growth from current ~9.35-9.4 lakh tonnes. Future growth expectations for Surya Roshni Limited as per the discussion on page 11 include: - Steel division targets around 9.35 to 9.40 lakh tonnes volume for current year; aiming for 11 lakh tonnes in FY 2026 with 17%-18% growth.
From Surya Roshni Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Steel division volume guidance for FY 2026: minimum 11,00,000 tonnes, reflecting ~17-18% growth from current ~9.35-9.4 lakh tonnes.
- Expected EBITDA per tonne in Steel division: minimum Rs 5,000 in FY 2026.
- Projected Steel division EBITDA for FY 2026: Rs 540-550 crores.
- Lighting division sales for Q3 FY 2026: Rs 476 crores; expected to grow 15% next year, targeting overall turnover around Rs 2,100 crores.
- Lighting division EBITDA target for FY 2027: Rs 200 crores.
- Total consolidated EBITDA expected to reach Rs 750 crores by FY 2027 after consistent growth.
- CAPEX of around Rs 250 crores in existing plants to support growth.
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
- Surya Roshni has ongoing internal projects worth Rs 160 crores.
- A work order of about Rs 100 crores is expected to be issued within the next week or 10 days.
- Total CAPEX for existing plants is around Rs 250 crores.
- Capacity expansion is underway for the Wire business in the Lighting division due to strong demand.
- Investments are being made to increase export volumes of Hollow Sections, especially targeting Middle East and African markets.
2 more points from Surya Roshni Ltd's call on capex
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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
See what Surya Roshni Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- As of the end of Q3 FY 2026, the order book for the Steel division stood at approximately Rs 500 crores.
- The Lighting division had an order book of around Rs 150 crores to Rs 160 crores.
- The Lighting division order book has an execution timeline of 3-4 months, with some orders extending till April.
- New additions are expected in the Lighting order book.
- The Lighting segment margins are better in the B2B infrastructure projects compared to Consumer Lighting.
2 more points from Surya Roshni Ltd's call on order book
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Surya Roshni Ltd — Quarterly revenue & net profit
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.
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What Surya Roshni's management said in earlier quarters
- Q3 FY25 earnings call analysis →
- Q1 FY27 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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Potential multibaggers · Q2 FY27
Potential multibaggers in Industrial Products
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
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Frequently Asked Questions
What were Surya Roshni Ltd Q3 FY26 results?
Steel division volume guidance for FY 2026: minimum 11,00,000 tonnes, reflecting ~17-18% growth from current ~9.35-9.4 lakh tonnes. Future growth expectations for Surya Roshni Limited as per the discussion on page 11 include: - Steel division targets around 9.35 to 9.40 lakh tonnes volume for current year; aiming for 11 lakh tonnes in FY 2026 with 17%-18% growth.
What is Surya Roshni Ltd share price analysis?
Surya Roshni Ltd currently shows a neutral. The stock trades at a P/E of 18.8 with a market cap of ₹5,369 Cr. Investors should review the full earnings analysis for detailed insights.
Is Surya Roshni Ltd planning capital expenditure?
Surya Roshni has ongoing internal projects worth Rs 160 crores.
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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.