Surya Roshni Limited has informed the Exchange about Investor Presentation
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An IS/ISO 9001, An IS/ISO 14001 & IS: 18001 Company
SURYA ROSHNI LIMITED
CIN -L31501HR1973PLC007543 Padma Tower-I, Rajendra Place, New Delhi-110 008 Ph.: +91-11-47108000 E-mail : cs@surya.in Website : www.surya.co.in
SRL/se/yks/25-26/24
The Secretary The Stock Exchange, Mumbai MUMBAI - 400 001 Scrip Code: 500336
November 11, 2025
The Manager (Listing Department) The National stock Exchange of India Ltd Mumbai - 400 051 NSE Symbol: SURY AROSNI
Re
INVESTOR PRESENTATION
Dear Sir,
In terms of Regulation 30 read with Para A of Schedule III and other applicable provisions of the SEBI
(Listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed copy of the
"Investor Presentation - November, 2025". Copy of the same is also being uploaded on the website of
the Company at, http://www.surya.co. in .
Kindly take the same in your records.
The meeting commenced at 2:00 p.m. and concluded at-~ !. ~~-.. p.m.
Thanking you,
Yours faithfully, for SURYA ROSHNI LIMITED
B. B. SINGAL CFO & Company Secretary
Encl: as above
• Regd. Office : Prakash Nagar, Sankhol, Bahadurgarh, Haryana - 124507
I N V E S T O R
P R E S E N T A T I O N - N o v e m b e r 2 0 2 5
Strength in Every Stride
Awards And Accolades
2
Q2 & H1 FY26 Results Highlights
Q2 & H1 FY26 Results Highlights
Consolidated Financial Performance Highlights
Particulars (In ₹ crore)
Q2 FY26
Q2 FY25
Revenue
EBITDA
Profit Before Tax (PBT)
Profit after Tax (PAT)
1,845
1,529
141
100
74
83
46
34
YoY
21%
69%
116%
117%
Q1 FY26
1,605
83
46
34
QoQ
15%
71%
118%
121%
H1 FY26
H1 FY25
3,450
3,422
223
145
108
242
169
127
YoY
1%
-8%
-14%
-15%
Results Highlights •
In Q2FY26, consolidated revenue grew 21% YoY to ₹1,845 crore, while EBITDA rose 69% YoY to ₹141 crore. PAT more than doubled, up 117% YoY to ₹74 crore, driven by improved realizations, favorable mix and better operating leverage.
• The Lighting & Consumer Durable segment recorded a healthy increase in revenue, supported by strong double-digit volume growth in LED
lamps, battens, water heaters, and mixer grinders - despite pricing pressures in certain categories.
• The Steel Pipes and Strips business delivered a robust 24% YoY revenue growth led by strong exports and higher share of value-added products.
EBITDA more than doubled YoY, supported by improved realizations and disciplined cost control.
• Healthy capacity utilization across plants, a strong ₹875-crore order book in Steel Pipes and Lighting & Consumer Durable segment.
4
Q2 & H1 FY26 Results Highlights
Lighting and Consumer Durables Segment Performance
Particulars (In ₹ crore)
Q2 FY26
Q2 FY25
Revenue
EBITDA
EBITDA Margins
PBT
434
39
9.0%
29
395
36
9.0%
26
YoY
10%
10%
-
11%
Q1 FY26
397
31
7.7%
21
QoQ
9%
28%
130 bps
37%
H1 FY26
H1 FY25
832
70
8.4%
51
781
70
9.0%
52
YoY
7%
-1%
-60 bps
-3%
Results Highlights • The Lighting and Consumer Durables segment delivered a healthy 10% YoY revenue growth in Q2FY26, led by strong volume traction in LED
Lamps (+37%), Battens (+36%), Downlighters (+22%) and Streetlights (+104%) - aided with improved festive season demand.
• EBITDA margins expanding to 9.0% from 7.7% in Q1FY26, aided by operational efficiencies and better product mix, despite continued pricing
pressure in LEDs.
• The Professional Lighting business grew 25% YoY in Q2FY26, supported by healthy demand across solar, façade, industrial and outdoor segments
and continues to maintain a robust order book of over ₹125 crore with strong execution visibility.
• New growth drivers & initiatives gained traction, with the successful launch of the digital water heater, in-house manufacturing of exhaust fans and induction appliances and strong initial market response to the domestic wires business, which remains on track to achieve its ₹150 crore revenue target for FY26.
5
Q2 & H1 FY26 Results Highlights
Steel Pipe and Strips Segment Performance Highlights
Particulars (In ₹ crore)
Q2 FY26
Q2 FY25
Revenue
EBITDA
EBITDA/MT (Rs.)
PBT
1,411
102
5,013
70
1,135
48
2,901
20
YoY
24%
113%
73%
258%
Q1 FY26
1,207
52
2,922
24
QoQ
17%
96%
72%
189%
H1 FY26
H1 FY25
2,618
154
4,037
95
2,643
172
4,653
117
YoY
-1%
-10%
-13%
-19%
Results Highlights • Steel Pipe and Strips segment reported strong sequential and year-on-year growth in revenue and profitability, led by higher volumes, better
realizations and improved product mix. EBITDA more than doubled YoY to ₹102 crore.
• Overall volumes grew by 26% YoY, supported by 45% volume growth in exports on strong pre-buying from Europe and Canada ahead of CBAM
and quotas implementation respectively, while domestic volumes witnessed growth of about 22% YoY.
• EBITDA per ton improved sharply to ₹5,013, up 73% YoY & 72% sequentially, reflecting higher efficiencies and pricing discipline. Capacity
utilization stood at about 80%.
• Order Book of about ₹750 crores in-hand for Oil & Gas sector, Water Sector and Exports business.
6
Company Overview
SURYA – At A Glance
•
•
•
•
•
•
Established in 1973, ‘SURYA’ is one of the most respected and trusted brand in Steel Pipes, Lighting & Consumer Durables (FMEG) and PVC pipes in India and Globally
Leadership in Value-Added Products with a comprehensive product range
Deeply rooted distribution network up to Rural India
Brand promotion through extensive TV & Print Advertisements, BTL activities and Digital campaigns
Strategic Value Creation by reinforcing market leadership position and driving change through investment in value-added products
Strengthening Financials – Net cash surplus of ₹ 246 crore as on 30th September 2025, Lean Balance Sheet
8
Making In India, Delivering Across the World
1984 | 46 acres
2012
1973 | 53 acres
2010 | 51 acres 1992 | 44 acres
2010 | 96 acres
2017 | 17 acres
9
Reinforcing Leadership In Core
• Brand building through consistent Advertising
• ATL & BTL Activities
•
• •
Strategic Investment InTechnology upgradation Strategic locations Strengthening Backward Integration through PLI
Brand Equity
Distribution Network
• • Consistent
Enhanced engagement policies,
effective schemes • Omni-channel presence
Manufacturing Facilities
Product Range
• Built
up
strong
product
portfolio
• Value-Added products driving
higher profitability
Brand
Manufacturing
Distribution
Products
Scalability
Diversification
Sustained Growth & Improved Profitability
10
Strengthening Financials
Revenue
PAT
₹ in crore
1 6 5
,
5
1 3 7
,
7
7 9 9
,
7
9 0 8
,
7
6 3 4 7
,
FY21
FY22
FY23
FY24
FY25
8 5 1
5 0 2
6 3 3
9 2 3
7 4 3
FY21
FY22
FY23
FY24
FY25
Net Worth
Debt
8 6 3 1
,
7 4 5 1
,
4 6 8 1
,
6 6 1 2
,
5 6 4 2
,
FY21
FY22
FY23
FY24
FY25
7 1 7
0 8 5
4 0 4
4
3
FY21
FY22
FY23
FY24
FY25
11
Board Of Directors
Shri J. P. Agarwal Executive Chairman Shri J. P. Agarwal is the driving force behind creating Surya Roshni as one of the most reputed, trusted and successful companies. He has been honoured with the highly prestigious Padma Shri Award by the Government of India
Shri Raju Bista Managing Director
Shri Raju Bista is a young and dynamic leader. His discipline, dedication, visionary power and relentless efforts provided new dimensions and directions that have helped the Company in achieving new heights. He is the past President of ELCOMA, and presently a Member of Parliament
Shri Vinay Surya Managing Director
Shri Vinay Surya is an M.B.A. from Swinburn University, Australia and possesses vast experience of over 25 years in Marketing, Exports, Commercial, Financial & Operational fields
Smt Urmil Agarwal Director
Possesses over four decades of experience with sound business acumen & understanding of both the businesses of the Company
Smt Puja Surya Whole Time Director
B.Com (Hons) Graduate with vast experience of over 2 decades in the fields of Commercial, Marketing, Financial and Operational aspects
12
Board Of Directors
Shri Sunil Sikka Independent Director A post graduate in Management (FMS Delhi) and Ex-President of Havells (India) Limited & ELCOMA. During his tenure, he led multiple initiatives to accelerate growth in marketing of consumer electricals and lighting in India
Shri Kaustubh N Karmarkar Whole Time Director
Whole time Director, with vast experience of over 25 years in the field of Management & Human Resources and Planning
Shri Naresh Agarwal Independent Director
Directorship in Santosh Timber Trading Company Limited and Atlantic Wood Private Limited. 30+ years of vast business experience
Ms. Suruchi Aggarwal Independent Woman Director
Ms. Suruchi, a renowned and eminent practicing Advocate in the Supreme Court of India, Delhi High Court and other Courts
Shri Tekan Ghanshyam Keswani Independent Director
A post graduate in Management (FMS Delhi) and a fellow member of ICAI with 46+ years of experience in Commercial, Administration and Financial fields
Shri Ravinder Kumar Jaggi Independent Director
A Graduate in B.Sc. from University of Delhi with 46+ years of experience in Lighting Industry, and was also a member Indian of Electro-Technical Committee of Bureau of Standards (BIS) and technical committee of ELCOMA for over 35 years.
Shri Ravi Kant Gupta Independent Director
A post graduate in M.Phil (Defence and Management Studies) from Indore and M.Sc. (Defence and Strategic Studies) from Madras University, possess wide experience of over 50 years as Strategist planner, administrator and Operations.
13
CR STRIPS
BLACK PIPES
HOLLOW SECTION PIPE
GI PIPES
COATED API & SPIRAL PIPES
STEEL PIPE AND STRIPS SEGMENT
Steel Pipes & Strips – At a Glance
50
Years of Brand presence in India, under the brand ‘Prakash Surya’
#1
ERW GI Pipe manufacturer in India
6
Products Categories Pipes - Structural, GI, API Grade & Spiral, Black And CR Strips
#1
Exporter of ERW Pipes from India (50+ Countries)
21,000+
Pan India Dealers/Retailers
250+
Distributors
13.40 Lac
MTPA Capacity 10.01 Lac ERW Pipes (with DFT) 2.24 Lac Spiral Pipes 27.50 Lacs Sq mtrs 3LPE coating 1.15 lac CR Sheets
43%
Value-Added Products of total Revenue
Ongoing brownfield expansion at company’s existing steel plants
4
Manufacturing Locations in Haryana, Madhya Pradesh, Gujarat, Andhra Pradesh
15
Comprehensive Products Range
Volume Share # Market Position *
Applications
GI Pipes
API/ 3LPE Coated Spiral Pipes
26%
17%
#1 High Growth in Exports
Agriculture Irrigation, Casing and tubing, Hot Water/ Plumbing, Water pipelines, Green Houses, Fire Fighting, etc.
Leading API Pipe Manufacturer High Growth
Oil and Gas, Water Transportation City Gas Distribution
Black Pipes
30%
Amongst Top 3
Construction, Fabrication, Fencing, Powder Coating, Sign Boards, Industrial Application, Scaffoldings
Hollow Section Pipes
15%
Leading Brand + High Growth + DFT Technology
Infrastructure – Airport, Metro, Railways, Warehousing, Industrial Infrastructure, Urban Development, Solar, Poles
CR Strips
12%
Serving Delhi - NCR Region
Auto Components, Motor Stamping, Cycle Rims, Umbrella Tubes & Rips
# as of FY25 * Market Position is as per Management View
16
Transition Towards Higher Margin
FY 20-21
FY 21-22
FY 22-23
FY 23-24
FY 24-25
Sr. No
Product Name
Volume Share
EBITDA/ MT (₹)
Volume Share
EBITDA/ MT (₹)
Volume Share
EBITDA/ MT (₹)
Volume Share
EBITDA/ MT (₹)
Volume Share
EBITDA/ MT (₹)
1
2
3
4
5
GI Pipes
35%
4,602
33%
5,456
26%
7,737
28%
6,474
26%
6,465
API & Spiral Pipes
12%
7,630
18%
9,136
17%
12,134
17%
10,495
17%
9,300
Black Pipes
23%
2,216
24%
2,884
33%
5,021
32%
4,488
30%
4,833
Section Pipes
19%
1,843
13%
1,611
13%
3,415
12%
1,872
15%
2,645
CR Strips
11%
1,693
12%
2,627
11%
2,846
11%
1,156
12%
2,311
Total
100%
3,525
100%
4,648
100%
6,496
100%
5,401
100%
5,392
17
API Pipes & 3LPE Coated Pipes
Building Strong Presence
Gained Market Share to ~10% of Oil & Gas Transmission Pipes
o
o
Cross Country Land Pipes
City Gas Distribution (CGD)
Water Transmission provides higher growth opportunities
The world-class 3LPE Coating plant machinery has been procured from Selmers, Netherlands
Installed 3LPE coating facilities of 27,50,000 sqmtr (external coating)
Strong Order Book in hand for API Pipes
Accreditations from major PMC such as EIL, Mecon and others
Key catalysts in the growth
One of the fastest growing products for the company
Enjoys higher EBITDA/Ton compared to other products
Value accretive and contributes significantly to the profitability
•
•
•
•
•
•
•
•
•
18
Commissioned New Spiral Project at Malanpur, M.P.
• • •
Project to manufacture spiral pipe Expansion project outlay of ₹ 50 crore Purpose: Manufacture spiral pipes for water projects with a capacity of about 24,000 tons per annum to cater markets in Rajasthan, M.P. and U.P.
19
Leadership in Exports of ERW Pipes
Dubai Vision 2030
Abu Dhabi Airport
Qatar FIFA
Dubai Frame
Key Highlights
•
Largest exporter of ERW Pipes (GI and Black Pipes)
• Exporting to 50+ countries across the globe including USA, Australia, Canada, Mexico, Middle East, Europe and Africa
Strategy
• Commissioned large-dia section pipe facility (upto 300*300 mm) with Direct Forming Technology at Gwalior, to improve exports of Hollow Section Pipe worldwide
•
Increase order share in Egypt for small gas paint pipes
• Focus on exporting value-added products such as grooved,
30*30 section, blue painted hollow coated pipes
• Geographic expansion
20
Leveraging Brand and Distribution Network
Advertisements in Print Media
The International Tube and Pipe Trade Fair, Germany
TV Advertisements for Prakash Surya Steel Pipes
•
•
•
•
•
Present since 1973, ‘Prakash Surya’ has a strong leadership position with a major B2C contribution to the top-line
Advertisements across TV, print, digital media, etc. to build brand franchise
Focus on value-added products, enjoys Leadership Position in ERW GI Pipes in domestic market
Established Dealer and Distributor network, strong presence in Tier II and Rural India
Participation in major industry events, dealer meets and engagement with channel partners
21
Brand Ambassador
Surya Roshni Ltd., a leading name in the Indian steel tubes & pipes industry, proudly announces the onboarding of cricketer Suryakumar Yadav as the brand ambassador for its Steel Tubes & Pipes business.
Driving Strategic Manufacturing Benefits
Bahadurgarh (Haryana)
Anjar (Gujarat)
Gwalior (Madhya Pradesh)
Hindupur (Andhra Pradesh)
23
Building Financial Strength
Revenue
EBITDA
₹ in crore
8 2 3 4
,
2 0 4 6
,
2 5 4 6
,
2 4 2 6
,
9 4 7 5
,
FY21
FY22
FY23
FY24
FY25
6 5 2
2 4 3
7 9 4
6 3 4
6 4 4
FY21
FY22
FY23
FY24
FY25
Net Worth
Debt
0 0 0 1
,
0 9 1 1
,
8 9 3 1
,
2 2 6 1
,
2 0 8 1
,
FY21
FY22
FY23
FY24
FY25
4 9 5
1 7 4
4 0 4
4
3
FY21
FY22
FY23
FY24
FY25
24
Driving Value Creation
Technology Upgradation
Increasing share of Value-added Products
Diversify Mix
• 3LPE
• Strategic
in
Investments technology upgradation plant coating Selmer, Netherlands Large dia section pipe facility commissioned DFT with technology at Gwalior
from
•
High growth in API pipes and Exports of Value-Added Products to improve market share, margins and profitability
Diversify Customer Mix and Product Mix helps in de-risking the Steel Price volatility
Cost Efficiencies
process Continuous energy improvement, saving and increasing yield cost- for effectiveness
Brand Equity & Distribution Network
• Continuous brand development
activities
• Engagement with country-wide
dealers, distributors, retailers and influencers
25
Robust Demand Drivers
•
•
Oil and Gas Sector, City Gas Distribution, Water • thrust on Government high investments, CGD, Smart Cities, Nal se Jal ₹ 5 lac crore investment expected in 5 years
•
B2C - Trade Demand Visible improvement in Indian economy, including rural Significant pick-up in Housing, Irrigation, Construction, etc.
•
•
Infrastructure
• Major Public and Private capex outlay in infrastructure, especially for Airport, metros, Urbanization, Jal Jeevan Mission, River Inter-Linking Projects, etc.
Export Market
High Demand for Steel Pipes in various sectors Gulf region/Europe and USA envisage strong growth
26
CONSUMER LIGHTING
PROFESSIONAL LIGHTING
FANS
APPLIANCES
PVC PIPES
LIGHTING AND CONSUMER DURABLES SEGMENT Emerging FMEG
SURYA – Emerging FMEG
‘SURYA’ Established Lighting in 1984, has emerging as a leading FMEG Player
#2 Consumer Lighting Brand in India
Brand Equity through consistent advertisements, ATL and BTL activities
India’s most deep rooted distribution network, major Revenue comes from Semi-urban and Rural markets.
Strong position in Professional Lighting with Smart Lighting Solutions
Successfully penetrating in FMEG categories - Fans and Home Appliances
28
Nurturing Distribution Network
Strong Rural based distribution network, one of the largest in the industry
Over 3,00,000 Retail Outlets
Strong dealer relations and focus on secondary demand generation
Distribution Network
Transparent and attractive policies, schemes & incentives
Secondary Network of 300+ RTF & 2,500+ DSPs supports primary network, and promotes effective communication with the market
Comprehensive Service network across India
Decentralised branch/depot network system - quick logistical movements, prompt delivery, customer feedback and satisfaction
Leader in various states such as AP, Telangana MP, Chhattisgarh, Uttar Pradesh and Jharkhand Second in Karnataka, Delhi, Maharashtra, Bihar, Rajasthan and Uttarakhand, amongst others
29
High - Impact Brand Campaigns
30
Residential Wires Launch Campaign
Campaign routes: ₋ “Ab Roshni ke Sath Suraksha Bhi” ₋ “Lighting Your World, Wiring Your Safety”
31
Winning in B2B - Façade Lighting
Expanding Capabilities
Developing Products & Solutions
• Strong Professional Lighting team in place • Developed complete ecosystem with vendors
• Customized products • Integrated Solution based Smart Lighting
Strengthening Customer Relationships
• Direct B2B projects • Infrastructure, Monument Lighting, Airports, Bridges
Atal Setu Mumbai, Maharashtra
Shri Sanwariya Seth Temple Chittorgarh, Rajasthan
32
Winning in B2B - Façade Lighting
Adivasi Godavari Bridge, Nagpur
Tawi Bridges Jammu
Bullet Train Station, Ahemdabad
Bharat Darshan Park
Bharat Darshan Park
Indore Airport
33
Winning in B2B - Façade Lighting
Sodala Bridge, Jaipur
Shri Kedarnath Temple
Leh Palace
Municipal Corporation, Chandigarh
Om Statue, Shri Kedarnath Temple
Shri Sanwariya Seth Temple
34
Successfully Penetrating in FMEG
Fans -
Home Appliances -
• Leveraging strong brand and distribution network
• Leveraging strong brand and distribution network
• Pan India presence for fans
• Wide range of products including ceiling, table, pedestal,
wall mounted and exhaust fans
• Focus on premium product categories to gain share in
urban markets
• Wide variety of product range such as Water Heater, Room Heaters, Coolers, Dry Irons, Steam Irons, Juicer- Mixer-Grinders, Induction Cooktops
• Ecosystem already in place to capture the fast growing
markets and categories
• Market leading product features and quality
35
Consumer Durable – New Product Launch
Bliss Lumino BLDC Fan
Arena Silencio
LXSelf Priming Mini Monoblock Pump
Breezo Commercial Air Cooler
Speedy 5 .5 L Instant Water Heater
36
Consumer Lighting – New Product Launch
LED Bulb – Launched Turbo Led Bulb 15W
LED Batten – Launched Turbo Batten 10W
LED Down lighter – Launched Dazzle Maxx Senso 15W
LED Down lighter – Launched Up down lighter series from 2w To 10w
37
Wires and Cables – New Product Launch
Turbo Flex Green
Turbo Flex & Turbo Flex Green
Turbo Flex
We have launched in August 2025
38
New Product Launch
Digital Water Heater
Water Tank
39
Integrated Manufacturing Units and R&D
Kashipur (Uttarakhand)
Gwalior (Madhya Pradesh)
R&D Centre (Delhi – NCR)
40
Certifications
The only company in Indian Lighting Industries to achieve certificate for Manufacturing of LED Products
Awarded by National Quality Assurance, USA
QCFI Kaizen Competition, Bangalore
41
PLI strengthening Backward Integration
Commencement of manufacturing facility for LED components under PLI scheme for ‘Large Investment’ category
To boost manufacturing of ‘Components of LED Lightings’ of India, to reduce dependency on imports of components
Objectives
Benefits to Surya
•
•
Leverage own manufacturing of LED products Increase the level of backward integration as well as increase the OEM opportunities
Target Segment
For manufacturing ‘Components of LED Lighting Products (i.e. LED Drivers, Mechanicals, Housing, Packaging, Modules, Wire Wound Inductors etc.) under Large Investment Category
Fulfilling Investment Criteria
•
•
Already invested cumulative incremental minimum investment in P&M of ₹ 25 Crores. Incremental criteria is fulfilled and claim of 2nd year received and also eligible for 3rd year claim.
Quantum of Incentives
4% to 6% on sales over the base year for a period of five years subsequent to the base year
42
PVC Pipes –Sizeable Business Opportunities
Growth Drivers
Government initiatives such as Housing for All, ‘Nal se Jal’, Project AMRUT and Swachh Bharat Mission
01
02
Demand outlook for non-agricultural pipes appears to be good as the major urban real estate markets show signs of a sustained recovery
The sector is expected to see an average Annual growth of 10%
03
Application
Housing, irrigation, infrastructure, drainage and chemical transportation, among others
Operational Performance
Revenue of ₹ 94 Cr as compared to ₹ 92 Cr in FY24
Market Research
Sizeable business opportunity with Strong Branding of ‘Prakash Surya’ and Distribution Network
Capacity Expansion
Reached capacity of 12,500 MTPA
43
Transition towards LED Lighting and FMEG
Sr. No
1
2
3
4
FY 20-21
FY 21-22
FY22-23
FY23-24
FY24-25
Product Name
Sales
EBITDA
Sales
EBITDA
Sales
EBITDA
Sales
EBITDA
Sales
EBITDA
LED- Lighting
LED-EESL
Total LED (1 + 2)
Conventional
Consumer Durables
53%
1%
54%
23%
23%
12%
11%
12%
9%
8%
-
59%
19%
22%
Grand Total (1 to 4)
100%
10%
100%
59%
11%
64%
11%
62%
12%
63%
12%
-
11%
1%
6%
8%
-
64%
16%
20%
100%
-
11%
-
5%
8%
-
62%
16%
22%
-
12%
5%
6%
-
63%
14%
23%
-
12%
5%
6%
100%
10%
100%
10%
Transformed the product portfolio from conventional lighting to LED Lighting and Consumer Durables
44
Building Financial Strength
Revenue
EBITDA
₹ in crore
0 4 2 1
,
3 3 3 1
,
5 4 5 1
,
2 7 5 1
,
0 9 6 1
,
8 2 1
6 0 1
2 2 1
0 5 1
2 6 1
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
Net Worth
Debt
7 6 3
7 5 3
6 6 4
4 4 5
3 6 6
3 2 1
9 0 1
FY21
FY22
FY23
FY24
FY25
FY21
FY22
FY23
FY24
FY25
45
Driving Value Creation
Product Development
Alignment with fast changing consumer preference, at high speed and premium quality
Re-energizing the Surya Brand
Aligning with new age consumers, and growing LED Lighting and Consumer Durables
Manufacturing Capabilities
Automation, Speed, Size and backward integration. One of the largest manufacturing capacities in India for LED Lighting
Distribution network
Enhancing the distribution network through omnichannel, dealers, distributors contractors, developers, architects etc.
46
Robust Demand Drivers
Young Demographics
•
•
Improving lifestyles, investment in home improvement
Emerging Lifestyles
Consumer Lighting
•
Faster adoption by consumers across India, including Rural
LED Professional Lighting
•
•
Smart Integrated LED Lighting
Presence in sunrise areas like Housing for all, Smart Cities , Street Lighting, Monumental Lighting, Industrial Lighting
47
Financial Results Highlights
Income Statement – Q2 & H1 FY26
Particulars (₹ Crores)
Total Revenue from Operations
Cost of Material Consumed
Purchase of Stock InTrade
Changes in Inventories
Total Raw Material
Gross Profit
Gross Profit(%)
Employee Expenses
Other Expenses
Other Income
EBITDA
EBITDA(%)
Depreciation
EBIT
EBIT(%)
Finance Cost
Profit BeforeTax
Tax
Profit After Tax
Profit After Tax(%)
Q2 FY26
Q2 FY25
H1 FY26
H1 FY25
1,845
1,327
112
07
1,446
399
21.6%
123
158
23
141
7.6%
32
109
5.9%
9
100
26
74
4.0%
1,529
1,062
118
11
1,191
338
22.1%
101
161
7
83
5.4%
31
52
3.4%
6
46
12
34
2.2%
3,450
2,570
219
(112)
2,677
773
22.4%
235
350
35
223
6.5%
64
159
4.6%
14
145
37
108
3.1%
3,422
2,347
246
38
2,631
791
23.1%
210
354
15
242
7.0%
61
181
5.3%
11
169
42
127
3.7%
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Consolidated Balance Sheet
EQUITY AND LIABILITIES (₹ Crores) (I)EQUITY (a) Equity Share capital (b) Other equity Sub Total (I) (II)LIABILITIES (1) Non-Current Liabilities (a) Financial Liabilities
(a) Term Borrowings (incl. Current Maturities) (b) Lease Liability (c) Other FinancialLiabilities (d) Provisions (e) Deferred Tax Liabilities (Net)
Sub Total (II) (III) Current Liabilities (a) Financial liabilities (a) Working CapitalBorrowings (b) Lease Liability (c) Trade Payables (d) Other Financial Liabilities (e) Other current liabilities (f) Provisions & Current Tax Liabilities
Sub Total (III) Total Equity & Liabilities (I+II+III)
Sep-25 Mar-25
ASSETS (₹ Crores)
Sep-25 Mar-25
109 2,399 2,508
109 2,356 2,465
- 10 30 17 37 94
108 6 457 191 54 30 846 3,448
- 8 33 13 42 96
3 5 364 179 83 39 673 3,234
(I) NON-CURRENT ASSETS
(a) Property, plant & equipment
(b) Capitalwork-in-progress
(d) Right to Use Asset
(d) Other Intangible Assets
Financial Assets
Other FinancialAssets
Other Non - current assets
Sub Total (I)
(II) CURRENTASSETS
(a) Inventories
Financial Assets
(b) Trade receivables
(c) Cash and bank balance
(d) Other Financial Assets
(f) Current Tax Assets
(g) Other current assets
Sub Total (II)
Total Assets (I+II)
849
16
14
10
26
18
933
826
57
12
2
75
7
979
1,071
902
793
496
38
8
109
2,515
3,448
897
296
40
-
120
2,255
3,234
50
Cashflow Statement
Particulars (₹ Crores – Consol.)
Profit before tax
Depreciation andInterest
Operating Profit Before Working CapitalChanges
Change in Working Capital
Cash generated fromoperations
Income taxes paid
Net cash inflow from operating activities (A)
Net cash inflow/(outflow) from investing activities (B)
Net cash flow from Operating & Investing activities (C=A+B)
Net cash (used in) / from financing activities, payment of interest, dividend and others (D)
Net cash (used in) / from Operating, Investment & Financing activities
Total Cash and Bank Balance
Half Year ended 30-Sep-25
Half Year ended 30-Sep-24
145
57
202
103
305
(58)
247
(289)
(42)
24
(18)
1
169
65
234
(62)
172
(57)
115
(164)
(49)
15
(34)
1
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Key Takeaways
•
•
•
•
•
•
Strong market position in Steel Pipes & Strips, and Lighting & Consumer Durables
Investment in brand building and improving distribution
Successfully gaining momentum in New Value-Added products in both the businesses
Rigorous financial control across the company
Improving profitability and financial ratios
Robust demand Drivers for both the businesses
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CSR Activities
Camp
Health Camp
Poshan Vatika
Seva Pakhwada
Blood Donation Camp
Ecobrik
Plantation
Eye Checkup Camp
Gramin Personality Development Camp
Self Help Stall Training
Teacher Personality Development Camp
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CSR Activities
Yoga Day
Sports Tournament
Swachchhata Abhiyan
Multilayer Farming
Our dedicated CSR arm Surya Foundation, discharges responsibilities in the fields of health, skill development and education.
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Disclaimer
This presentation and the accompanying slides (the “Presentation”), which have been prepared by Surya Roshni Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded.
This presentation contains certain forward looking statements concerning the Company’s future business prospects and business profitability, which are subject to a number of risks and uncertainties and the actual results could materially differ from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding fluctuations in earnings, our ability to manage growth, competition (both domestic and international), economic growth in India and abroad, ability to attract and retain highly skilled professionals, time and cost over runs on contracts, our ability to manage our international operations, government policies and actions regulations, interest and other fiscal costs generally prevailing in the economy. The Company does not undertake to make any announcement in case any of these forward looking statements become materially incorrect in future or update any forward looking statements made from time to time by or on behalf of the Company.
Company
Investor Relations Advisors
CIN: L31501HR1973PLC007543
CIN : U74140MH2010PTC204285
Mr. Tarun Goel +91 9810248348 Email: tarungoel@surya.in
Mr. Jigar Kavaiya / Mr. Parin Narichania +91 99206 02034 / +91 99300 25733 jigar.kavaiya@sgapl.net / parin.n@sgapl.net
www.surya.co.in
www.sgapl.net
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