Surya Roshni has received orders of Rs 214.68 crore including an order of Rs 106.01 crore from Hindustan Petroleum Corporation for supply of API SL Gr. X, 3LPE Coated Line Pipes for Rajasthan & Jharkhand and order of Rs 108.67 crore (with GST) from Domestic entity for supply of Food Grade Epoxy Coated, Spirally Welded HSAW MS pipes for Madhya Pradesh. Powered by Capital Market - Live

HPCL has placed an order worth Rs 106.01 crore. The said order involves the supply of 8 inch API 5L PSL-2, X52 grade 3LPE coated line pipes. These pipes will be used for projects in Jaipur, Rajasthan, and Ranchi, Jharkhand. The completion of the order is expected within 40 weeks. A domestic entity has placed an order worth Rs 108.67 crore. This order includes the supply of food-grade epoxy-coated, spirally welded HSAW MS pipes for a project in Madhya Pradesh. The order is expected to be fulfilled within 15 weeks. Surya Roshni is a diversified Indian company with a strong presence in the steel pipes & strips and lighting & consumer durables businesses. The company has grown to become the largest manufacturer of GI pipes in India and a major exporter of ERW pipes. In addition to steel products, Surya Roshni offers a wide range of lighting solutions, including conventional and LED lighting, as well as consumer durables like fans and home appliances. On a consolidated basis, net profit of Surya Roshni fell 55% to Rs 34 crore on 20% decline in net sales to Rs 1,529 crore in Q2 September 2024 over Q2 September 2023. Powered by Capital Market - Live

On a consolidated basis, net profit of Surya Roshni fell 55% to Rs 34 crore on 20% decline in net sales to Rs 1,529 crore in Q2 September 2024 over Q2 September 2023. Profit before tax stood at Rs 46 crore in the Q2FY25, down 56% year-on-year (YoY). EBITDA was at Rs 83 crore, down 40% YoY. The company stated that steel pipes business experienced sharp decline in HR steel prices. Dampened demand resulted in lower revenues. However, operational efficiencies helped mitigate losses arising due to price erosion. Meanwhile, in the lighting & consumer durables segment, price erosion in LED products continued. However, better cost management and product mix resulted in a better performance. Total expenses fell 18.3% to Rs 1452.66 crore in Q2 FY25 over Q2 FY24. During the quarter, cost of materials consumed stood at Rs 1061.70 crore (down 24.8% YoY) while employee benefits expense was at Rs 101.17 crore (up 3% YoY). Consolidated net cash flow from operating activities decreased to Rs 110.72 crore for the six months ended September 2024, compared to Rs 252.27 crore for the same period in 2023. Commenting on the results, the company's managing director, Raju Bista, said 'In Q2FY25, posed several challenges for the company's businesses due to seasonal factors, price volatility, and geopolitical tensions affecting export markets. Nonetheless, the company has managed these headwinds through stringent operational efficiencies and proactive capacity expansion, which are expected to support gradual improvement in both domestic and export markets. Strategic initiatives in operational efficiency, high-margin product focus, and regional market expansion are expected to support improved performance in the second half of the fiscal year. Meanwhile, Surya Roshni said it will issue one bonus share for each share held by shareholders as on the record date (1:1 bonus issue). Record date for the bonus issue of shares is yet to be determined. Additionally, the firm also announced a dividend of Rs 2.5 per share, the record date for which has been fixed as November 29, 2024. Surya Roshni is a diversified Indian company with a strong presence in the steel pipes & strips and lighting & consumer durables businesses. The company has grown to become the largest manufacturer of GI pipes in India and a major exporter of ERW pipes. In addition to steel products, Surya Roshni offers a wide range of lighting solutions, including conventional and LED lighting, as well as consumer durables like fans and home appliances. Powered by Capital Market - Live

Net profit of Surya Roshni declined 55.06% to Rs 34.16 crore in the quarter ended September 2024 as against Rs 76.01 crore during the previous quarter ended September 2023. Sales declined 20.19% to Rs 1528.89 crore in the quarter ended September 2024 as against Rs 1915.73 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1528.891915.73 -20 OPM %4.997.17 - PBDT76.86132.50 -42 PBT45.96103.51 -56 NP34.1676.01 -55 Powered by Capital Market - Live

Surya Roshni announced that the Board of Directors of the Company at its meeting held on 14 November 2024, has recommended a Interim dividend of Rs.2.50 per share (i.e.50%), subject to the approval of the shareholders.Powered by Capital Market - Live

Surya Roshni will hold a meeting of the Board of Directors of the Company on 14 November 2024Powered by Capital Market - Live

Sobha Ltd Partly Paidup, Bank of Maharashtra, Paisalo Digital Ltd and Vodafone Idea Ltd are among the other losers in the BSE's 'A' group today, 09 October 2024.Surya Roshni Ltd tumbled 3.89% to Rs 685.65 at 14:47 IST.The stock was the biggest loser in the BSE's 'A' group.On the BSE, 15967 shares were traded on the counter so far as against the average daily volumes of 37523 shares in the past one month.Sobha Ltd Partly Paidup lost 3.44% to Rs 927. The stock was the second biggest loser in 'A' group.On the BSE, 15 shares were traded on the counter so far as against the average daily volumes of 230 shares in the past one month.Bank of Maharashtra crashed 3.39% to Rs 55.08. The stock was the third biggest loser in 'A' group.On the BSE, 21.6 lakh shares were traded on the counter so far as against the average daily volumes of 11.02 lakh shares in the past one month.Paisalo Digital Ltd plummeted 3.24% to Rs 52.57. The stock was the fourth biggest loser in 'A' group.On the BSE, 2.08 lakh shares were traded on the counter so far as against the average daily volumes of 1.99 lakh shares in the past one month.Vodafone Idea Ltd corrected 3.05% to Rs 9.21. The stock was the fifth biggest loser in 'A' group.On the BSE, 273.56 lakh shares were traded on the counter so far as against the average daily volumes of 710.14 lakh shares in the past one month.Powered by Capital Market - Live

Surya Roshni announced the cessation of Tarashankar Bhattacharva (DIN-00157305) and Surendra Singh Khurana (DIN-02126149) on completion of second term as Independent Directors of the company with effect from 05 September 2024. Powered by Capital Market - Live

Surya Roshni has appointed Ravinder Kumar Jaggi as an Additional Director (Non-Executive; Independent) of the Company for a period of 5 years w.e.f. 4 September 2024. Powered by Capital Market - Live

Surya Roshni announced that the Annual General Meeting (AGM) of the company will be held on 4 September 2024.Powered by Capital Market - Live