Surya Roshni Limited — Investor Meet, 21-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Surya Roshni reported Q4 consolidated revenue of ₹2,146 Cr, up 3% YoY, with EBITDA rising 22% to ₹211 Cr and margin at 9.85%. FY ’25 revenue declined 5% to ₹7,436 Cr, but EBITDA grew 4% to ₹609 Cr with an 8.19% margin. PAT rose 25% QoQ in Q4 to ₹130 Cr; the company is debt-free with ₹342 Cr net cash. Steel Pipes segment hit record 8.8 lakh tons volume in FY ’25; Q4 EBITDA/ton improved 14% to ₹6,708. FY ’26 volume target is 1.1 million tons with ₹125-150 Cr capex planned for capacity expansion. Lighting grew 10% in Q4 revenue to ₹458 Cr, launching a ₹25 Cr wiring cable project targeting ₹100 Cr revenue in FY ’26. Management sees margin gains from product mix and cost control; export growth potential is strong, supported by lower US tariffs. ROCE improved to 20.96%, and dividend payout rose to 170%. Tone is confident on growth, margins, and returns.