Surya Roshni Limited — PPTs, 11-02-2026: Investor Presentation

Surya Roshni's Q3 FY26 consolidated revenue grew 3% YoY to ₹1,927 crore, but PAT declined 11% to ₹80 crore, mainly due to inventory losses in Steel Pipes from steel price corrections. The Lighting & Consumer Durables segment showed steady growth, with revenue up 6% YoY to ₹476 crore, driven by festive demand and strong LED product sales. Steel Pipes revenue was stable at ₹1,451 crore.

The company is strategically focusing on high-margin value-added products like API and 3LPE coated pipes in its Steel segment, alongside strong international exports. In Lighting & Consumer Durables, emphasis is on strengthening its FMEG presence, expanding its deep distribution network, and leveraging the PLI scheme for LED component manufacturing.

Recent developments include commissioning a new Spiral Project for water pipes and onboarding cricketer Suryakumar Yadav as the brand ambassador for Steel Tubes & Pipes.

Management anticipates Q4 FY26 to be a historically high-volume quarter for Steel Pipes, with appliance demand also expected to recover. Robust demand drivers from infrastructure, City Gas Distribution, and export markets are expected to fuel future growth, with the PVC pipes sector projected for 10% annual growth.