| Metric | Value (₹ Cr) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 1.9K | 4.5% | 3.2% |
| Total Income | 1.9K | 3.4% | 3.0% |
| Expenditure | 1.8K | 3.1% | 4.0% |
| PBT | 107.42 | 7.8% | 11.0% |
| Net Profit | 79.69 | 7.4% | 11.4% |
| OPM | 7.52% | 1.11pp | 3.24pp |
| NPM | 4.13% | 0.16pp | 0.67pp |
| EPS | 3.66 | 7.3% | 11.4% |
Surya Roshni Q3FY26 Results: Revenue Up 3%, EBITDA at 2148 Crore
11 Feb 2026 · 11 Feb, 2:47 pm
Summary
Surya Roshni Limited, a leading company in India, has declared its unaudited financial results for the quarter and nine months ended December 31, 2025. The company reported a 3% YoY increase in consolidated revenue to 21,927 crore in Q3FY26, while EBITDA stood at 3148 crore. PAT for the quarter was 80 crore. The Lighting & Consumer Durables segment showed steady growth, while the Steel Pipes business reported stable revenues but lower EBITDA due to inventory losses.
Key Highlights
- 1
Consolidated revenue increased 3% YoY to 21,927 crore in Q3FY26
- 2
EBITDA stood at 3148 crore with margins of ~7.7%
- 3
Lighting & Consumer Durables revenue grew ~6% YoY to 476 crore
- 4
Steel Pipes business reported revenues of 1,451 crore
- 5
Net cash surplus of 245 crore as on 31st December 2025
Management Comments
Raju Bista
During Q3FY26, we delivered a steady consolidated performance amid a volatile operating environment. Consolidated revenue increased 3% YoY to 1,927 crore, supported by stable volumes and improved sequential momentum, while EBITDA stood at 148 crore with margins of ~7.7%. Consolidated PAT for the quarter stood at 80 crore, declining on a year-on-year basis, primarily due to inventory losses in the Steel Pipes business following steel price corrections; however, profitability improved sequentially in line with better operating leverage. The Lighting and Consumer Durables business delivered consistent growth, with revenues rising 6% YoY to 476 crore, led by festive demand, strong performance in consumer lighting and sustained traction in professional lighting. Margins remained stable sequentially, supported by better product mix, backward integration and operational efficiencies, despite input cost pressures. The Steel Pipes business reported stable revenues of 1,451 crore, supported by higher dispatch volumes and a healthy product mix, with continued traction in value-added products and hollow sections. EBITDA margins moderated during the quarter due to inventory losses arising from declining steel prices, even as underlying operations remained resilient.
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