Surya Roshni Q1 FY27: revenue 2,046cr, PAT up 77%, zero debt, eyes buyback or demerger
SURYAROSNI · price
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Q1 FY27 consolidated revenue 2,046 crore, up 28% YoY; EBITDA 120 crore, up 46%; PAT 60 crore, up 77%. Lighting revenue 456 crore (+15%), EBITDA margin 7.9%. Steel revenue 1,590 crore (+32%), EBITDA per ton 4,006 against 2,922 YoY. Zero-debt firm with 155 crore cash surplus. New US market opened for 78,000 tons API ERW pipe orders. Capacity to rise to 16 lakh tons by FY27 and 2 million tons by FY28-29. Full year FY27 guidance: revenue 9,400-9,500 crore, EBITDA 670-680 crore. Management evaluating buyback or demerger, expects 15-18% CAGR over 5 years.
Strong growth and zero-debt status support valuation; buyback or demerger decision could unlock shareholder value; steel margins under near-term freight pressure