Conference Call with Surya Roshni Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel Products company Surya Roshni announced Q3FY25 results Revenue: Rs 1,868 crore compared to Rs 1,938 crore during Q3FY24, change -4%. EBITDA: Rs 156 crore compared to Rs 158 crore during Q3FY24, change -2%. PBT: Rs 121 crore compared to Rs 121 crore during Q3FY24. PAT: Rs 90 crore compared to Rs 90 crore during Q3FY24. Raju Bista, Managing Director, said: “We are pleased to have delivered a resilient performance in Q3FY25, despite macroeconomic headwinds. The consolidated revenue stood at Rs 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.” Vinay Surya, Managing Director said: “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. “In the Steel Pipes and Strips, we experienced a volume growth of 8% year-on-year in Q3FY25. While revenue in this segment was down 8% year-on-year at Rs 1,417 crore, compared to Rs 1,536 crore last year, we are pleased with the strong sequential recovery, as revenue increased by approximately 25% from Rs 1,135 crore in the previous quarter. Thus, despite headwinds, the company has demonstrated resilience by focusing on volume growth, optimizing product mix, and enhancing profitability in key segments. Current capacity utilization in Q3FY25 stood at 78-80%, and for 9MFY25 it was ~72% due to the significant volume decline in Q2FY25. The current steel prices are at a five-year low, and we believe further declines are unlikely. Bharat Bhushan Singal, CFO said: For the quarter, the revenue was Rs 1,868 crore as compared to Rs 1,938 crore. EBITDA and PAT stood at Rs 156 crore and Rs 90 crore as compared to Rs 158 crore and Rs 90 crore, respectively. For 9MFY25, the revenue was Rs 5,290 crore as compared to Rs 5,729 crore. EBITDA and PAT stood at Rs 397 crore and Rs 217 crore as compared to Rs 414 crore and Rs 225 crore, respectively. Result PDF