Surya Roshni Limited has informed the Exchange about Transcript
SURYAROSNI · price
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Awaiting price reaction for this filing.
Surya Roshni reported Q4 FY25 consolidated revenue of ₹2,146 crore (+3% YoY), EBITDA of ₹211 crore (+22% YoY) with margins expanding 155 bps to 9.85%, and PAT of ₹130 crore (+25% YoY). For FY25, revenue was ₹7,436 crore (down 5% on lower HR coil prices) but EBITDA rose 4% to ₹609 crore with margin expansion of 68 bps to 8.19%, and PAT grew 5% to ₹347 crore. The Steel Pipes division hit a record 8.8 lakh tons in FY25 with Q4 EBITDA per ton at ₹6,708, while the company is now zero-debt with ₹342 crore net cash. Management guided for FY26 steel volume of 1.1 million tons, EBITDA per ton of ₹5,800–6,000, total EBITDA of ₹780–800 crore, and announced a ₹500 crore capex plan over 2 years to expand capacity to ~2 million tons by 2027.
The strong margin expansion despite revenue decline, zero-debt status with ₹342 crore cash, and clear FY26 guidance for 20% volume growth and ₹780–800 crore EBITDA should be viewed positively. A final dividend of ₹3 per share (taking total to 170%) signals strong shareholder returns, while the management's hint toward a potential demerger of the lighting and steel businesses could unlock value.