New Delhi, Nov 7 (PTI) Leading steel GI pipes and lighting products maker Surya Roshni Ltd on Saturday reported a 3.42 per cent increase in its consolidated net profit to Rs 76.73 crore for the September quarter.
The company reported a net profit of Rs 74.19 crore for the July-September quarter a year ago, according to a regulatory filing by Surya Roshni.
Its revenue from operations in the September quarter surged 32.7 per cent to Rs 2,448.48 crore in the September quarter of FY27. It was Rs 1,845.16 crore in the year-ago quarter.
"EBITDA margin was stable sequentially at 5.8 per cent but moderated from 7.6 per cent in Q2FY26, a quarter that benefited from one-time pre-buying by European and Canadian customers in Steel Pipes ahead of CBAM and quota implementation," said Surya Roshni in its earnings statement.
Higher input costs, extended producer responsibility (EPR) payments, and a planned step-up in brand investment also affected margins.
Surya Roshni's revenue from the 'Steel Pipe & Strips' segment jumped 37.6 per cent to Rs 1,941.16 crore in the second quarter of FY27.
"The Steel Pipes & Strips segment delivered its highest-ever quarterly sales volume of 2.67 lakh tonnes, up 23 per cent YoY and 17 per cent QoQ, ahead of its guidance of 2.60 lakh tonnes," it said.
Its revenue from Lighting & Consumer Durables in the September quarter increased 16.8 per cent to Rs 507.32 crore.
The segment delivered its "highest-ever Q2 revenue", even though the Diwali season falls in Q3 this year.
Its total expenses of Surya Roshni in the September quarter climbed 33 per cent to Rs 2,351.50 crore.
Surya Roshni's total income, which includes other income, increased 31.42 per cent to Rs 2,454.61 crore.
In the first half of FY27, total consolidated income of Surya Roshni surged 30.13 per cent to Rs 4,509.09 crore.
On the outlook, its Managing Director Raju Bista said, "Q3 and Q4 are traditionally the industry's strongest quarters. With Diwali in Q3, factories running at full capacity, encouraging pre-festive demand, a strong order book and expanding distribution, we expect a better second half".
