Surya Roshni Wins Rs 1.05 Billion Spiral Pipe Order
ECONOMY & POLICY

Surya Roshni Wins Rs 1.05 Billion Spiral Pipe Order

Surya Roshni Ltd on Monday (24 November) announced that it has secured an order worth Rs 1.0518 billion (including GST) from a domestic engineering and infrastructure company for the supply of spiral pipes with external 3 LPE coating.

The order will be executed within Gujarat, with delivery scheduled for 31 March 2026. The company confirmed that neither the promoter nor the promoter group has any interest in the awarding entity, and the order does not qualify as a related-party transaction.

Surya Roshni reported strong financial performance in the latest quarter, with net profit rising 117 per cent year-on-year to Rs 743 million, up from Rs 342 million in the same period last year. Revenue from operations increased 21 per cent year-on-year to Rs 18.452 billion and was 15 per cent higher than the previous quarter. Revenue in the corresponding quarter last year stood at Rs 15.29 billion, while the June quarter revenue was Rs 16.05 billion. The company attributed growth to festive demand and sustained interest in professional lighting.

Despite pricing pressures in some categories, the lighting and consumer durables division recorded healthy revenue growth, supported by strong double-digit volume increases in LED lamps, battens, water heaters and mixer grinders.

Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 55 per cent year-on-year to Rs 1.18 billion, with EBITDA margin improving by 140 basis points to 6.4 per cent compared with 5 per cent a year earlier. Shares of Surya Roshni Ltd closed at Rs 258.70 on the BSE on 24 November, up Rs 1.55 or 0.60 per cent.

Surya Roshni Ltd on Monday (24 November) announced that it has secured an order worth Rs 1.0518 billion (including GST) from a domestic engineering and infrastructure company for the supply of spiral pipes with external 3 LPE coating. The order will be executed within Gujarat, with delivery scheduled for 31 March 2026. The company confirmed that neither the promoter nor the promoter group has any interest in the awarding entity, and the order does not qualify as a related-party transaction. Surya Roshni reported strong financial performance in the latest quarter, with net profit rising 117 per cent year-on-year to Rs 743 million, up from Rs 342 million in the same period last year. Revenue from operations increased 21 per cent year-on-year to Rs 18.452 billion and was 15 per cent higher than the previous quarter. Revenue in the corresponding quarter last year stood at Rs 15.29 billion, while the June quarter revenue was Rs 16.05 billion. The company attributed growth to festive demand and sustained interest in professional lighting. Despite pricing pressures in some categories, the lighting and consumer durables division recorded healthy revenue growth, supported by strong double-digit volume increases in LED lamps, battens, water heaters and mixer grinders. Earnings before interest, tax, depreciation and amortisation (EBITDA) rose 55 per cent year-on-year to Rs 1.18 billion, with EBITDA margin improving by 140 basis points to 6.4 per cent compared with 5 per cent a year earlier. Shares of Surya Roshni Ltd closed at Rs 258.70 on the BSE on 24 November, up Rs 1.55 or 0.60 per cent.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code