SURYA ROSHNI LTD. Q3 FY25 Results

We are pleased to have delivered a resilient performance in Q3FY25, despite macroeconomic headwinds. The consolidated revenue stood at INR 1,868 crore, reflecting a marginal decline of 4% YoY, primarily impacted by the steel pipes segment due to softened steel prices. However, EBITDA margin remained stable at 8.33%, underscoring our cost discipline and operational efficiency. Overall, despite challenges in the steel segment, we continue to demonstrate steadfastness through product diversification, cost optimization, and strategic growth initiatives, positioning itself well for an improved performance in the coming quarters.

In Lighting and Consumer Durables, we have delivered another quarter of resilient growth, reinforcing our leadership position in the market. We continue to drive business expansion through innovation, cost optimization, and a strong distribution network, allowing us to navigate sectoral headwinds effectively. Profitability remained healthy during the quarter, with our EBITDA improving due to effective cost rationalization, enhanced efficiency measures, and a focused approach towards premium product offerings. Our ability to optimize supply chain costs and leverage economies of scale has contributed to better margins, even in a competitive pricing environment. Additionally, our investments in product innovation and backward integration have allowed us to enhance quality, reduce costs, and improve overall value addition. Our ability to introduce new products ahead of key demand cycles has been instrumental in capturing market opportunities. Dealer meets were conducted across the country to enhance awareness and engagement, while social media campaigns were actively leveraged to boost sales of consumer lighting and durable products. We have also intensified efforts on digital and offline marketing campaigns, increasing brand visibility and consumer reach. Our focus on premiumization, operational efficiency, innovation and technology and strategic expansion will be key drivers of future performance. Our guidance for the full fiscal year remains aligned with our long-term growth strategy. We anticipate a steady rise in demand for high-value products and will continue to emphasize cost control and margin improvement initiatives.