Surya Roshni Limited — Investor Meet, 18-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Surya Roshni's Q2 FY26 consolidated revenue rose 21% YoY to ₹1,845 Cr, EBITDA jumped 69% to ₹141 Cr, and PAT soared 117% to ₹74 Cr, fueled by better product mix and operating leverage. Steel segment grew 24% with strong exports, while Lighting saw 10% growth and improved margins from festive demand. The company is now debt-free with ₹246 Cr net cash, declaring an interim dividend of ₹2.5/share. Full-year consolidated EBITDA is guided at ₹620-625 Cr. Capacity expansion to 1.95M tons in 1.5-2 years will prioritize high-margin products, reflecting management's confident outlook.