Surya Roshni Limited — PPTs, 06-02-2025: Investor Presentation

**Financial Highlights:**

Surya Roshni reported a slight decline in revenues of ₹1,868 crore in Q3 FY25, down 4% YoY, primarily due to an 18% decrease in average HRC prices. However, the EBITDA margin improved to 8.3%, supported by operational efficiencies and a stronger sales mix. The Lighting & Consumer Durables segment showcased robust performance with a 12% YoY revenue growth, driven by increased demand and successful product launches.

**Strategic Initiatives and Growth Drivers:**

The company continues to invest in enhancing its distribution network and brand presence, particularly in the Lighting sector. A new state-of-the-art House Wiring Cables unit is being established in Gwalior with an investment of ₹25 crore, which aligns with the demand for value-added products.

**Business Developments:**

Surya Roshni has actively expanded its product range in both its Steel Pipes and Lighting segments, resulting in a strong order book worth ₹550 crore targeted towards Oil & Gas and Water sectors. Investment in technology upgrades and automated production facilities has positioned the company for growth amidst rising market opportunities.

**Market Position and Competitive Advantage:**

Surya Roshni holds a leading position in the Indian markets for both Steel Pipes and Consumer Lighting, with extensive distribution channels that penetrate rural and semi-urban areas. The company's robust value-added product offering significantly contributes to its competitive edge.

**Investor Implications:**

Overall, Surya Roshni presents a positive outlook for investors, bolstered by consistent performance in core segments, strategic investments in capacity expansion, and a strong market demand driven by infrastructure projects and rising consumer preferences in lighting solutions.