Surya Roshni Q2 FY27 Results: Consolidated Net Profit ₹76.73 Crore on Total Income of ₹2,455 Crore
- Earnings
- Steel pipes and lighting products
Reviewed byKeshav SehgalBlacklitt Research
Surya Roshni (NSE: SURYAROSNI) reported total income of ₹2,455 crore and net profit of ₹77 crore on a consolidated basis for the quarter ended 30 Sep 2026, it said in a filing on 07 Nov 2026. Standalone total income was ₹2,454 crore and standalone net profit ₹77 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹2,454.61 crore, up 31.4% YoY and 19.5% QoQ
- Net profit and EPS: ₹76.73 crore attributable to owners, up 3.4% YoY; basic EPS ₹3.52
- Other income: ₹6.13 crore, down 72.8% YoY from ₹22.54 crore
- Finance costs: ₹5.42 crore, down 40.4% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹2,454.45 crore, up 31.4% YoY and 18.9% QoQ
- Net profit and EPS: ₹76.64 crore, up 3.4% YoY; basic EPS ₹3.52
- Other income: ₹6.10 crore, down 72.9% YoY
- Half-year net profit: ₹136.12 crore standalone, ₹136.33 crore consolidated
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,455 | 1,868 | +31.4% | 2,054 | +19.5% | |
| Revenue from operations | 2,448 | 1,845 | +32.7% | 2,046 | +19.6% |
| Other income | 6 | 23 | -72.8% | 8 | -23.4% |
| 77 | 74 | +3.4% | 60 | +28.7% | |
| Profit before tax | 103 | 100 | +3.5% | 81 | +27.8% |
| Finance costs | 5 | 9 | -40.4% | 5 | +2.7% |
| Depreciation | 34 | 32 | +6.8% | 34 | -0.2% |
| Tax expense | 26 | 25 | +3.7% | 21 | +25.1% |
| Net profit margin | 3.13% | 3.97% | -0.85 pp | 2.90% | +0.22 pp |
| EPS, basic (₹) | 3.52 | 3.41 | +3.2% | 2.74 | +28.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Income grew much faster than profit this quarter. Revenue from operations rose 32.7% YoY to ₹2,448 crore, while net profit rose 3.4% to ₹77 crore, so the net profit margin fell from 3.97% to 3.13%.
Other income fell from ₹22.54 crore to ₹6.13 crore, so it is now 0.2% of total income. The filing states that exceptional items are nil for the quarter.
Finance costs fell 40.4% to ₹5.42 crore, against ₹9.10 crore a year earlier. Depreciation of ₹34.27 crore was broadly flat YoY. The notes do not give the reason for the fall in finance costs or for the change in other income.
The filing reports two segments. Steel Pipe and Strips contributed ₹1,941.16 crore of standalone revenue this quarter and Lighting and Consumer Durables ₹507.19 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 2,454 | 1,868 | +31.4% | 2,064 | +18.9% | |
| Revenue from operations | 2,448 | 1,845 | +32.7% | 2,046 | +19.6% |
| Other income | 6 | 23 | -72.9% | 8 | -23.5% |
| 77 | 74 | +3.4% | 59 | +28.9% | |
| Profit before tax | 103 | 100 | +3.5% | 81 | +27.9% |
| Finance costs | 5 | 9 | -40.3% | 5 | +3.0% |
| Depreciation | 34 | 32 | +6.8% | 34 | -0.2% |
| Tax expense | 26 | 25 | +3.7% | 21 | +25.1% |
| Net profit margin | 3.12% | 3.97% | -0.85 pp | 2.88% | +0.24 pp |
| EPS, basic (₹) | 3.52 | 3.41 | +3.2% | 2.73 | +28.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone figures track the consolidated ones closely. Standalone net profit is ₹76.64 crore, up 3.4% YoY and 28.9% QoQ, with basic EPS of ₹3.52 against ₹3.41 a year earlier.
Standalone profit before tax is ₹102.98 crore and tax expense ₹26.34 crore.
Inference
The auditors, Ashok Kumar Goyal & Co., gave an unmodified limited review report on both sets of results. The notes say the Employees Stock Option Schemes 2018 and 2021 are complete, with 35,29,275 options exercised cumulatively and none in the quarter.
The filing does not say whether any dividend has been declared for the period, nor its amount or record date; the half-year cash flow shows a dividend payment of ₹54.41 crore. Current borrowings rose to ₹78.81 crore from ₹64.92 crore at 31 Mar 2026, and the notes do not give the reason.
Filed with BSE on . Reference: Original filing (PDF)
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