Surya Roshni reported a steady Q3 FY26 with consolidated revenue growing 3% YoY to ₹1,927 crores, though PAT declined to ₹80 crores due to steel price volatility and a ₹12 crore inventory loss. A significant milestone was achieved as the company became net debt-free with a cash surplus of ₹245 crores. While the Steel segment faced a 35% degrowth in the API category, management has guided for a strong Q4 recovery with projected volumes of 2.9-3.0 lakh tonnes and an expected inventory gain of ₹40-45 crores. The Lighting segment remained resilient, posting 6% YoY growth driven by festive demand and professional infrastructure projects.

Surya Roshni reported a consolidated revenue of ₹1,927.5 crore for Q3 FY26, marking a modest 3.2% YoY growth. However, consolidated net profit (PAT) declined by 11.4% YoY to ₹79.7 crore, down from ₹89.9 crore in the previous year's corresponding quarter. On a sequential basis, the company showed recovery with revenue and PAT growing by 4.5% and 7.4% respectively compared to Q2 FY26. Margin pressure was evident in both the Steel Pipe and Lighting segments despite steady top-line performance.

Surya Roshni reported a modest 3% YoY revenue growth to ₹1,927 crore in Q3 FY26, though PAT declined 11% to ₹80 crore. The Steel Pipes segment faced inventory losses of approximately ₹500 per ton due to steel price corrections, resulting in a 5% drop in consolidated EBITDA. The Lighting and Consumer Durables segment grew 6% YoY, supported by festive demand, although margins contracted to 8.8% due to input cost pressures. Despite short-term margin headwinds, the company maintains a strong net cash surplus of ₹245 crore and a healthy order book of ₹500 crore in the steel segment.

Surya Roshni reported a modest 3% YoY revenue growth to ₹1,927 crore in Q3FY26, though PAT declined 11% to ₹80 crore due to inventory losses in the steel pipes segment. The Lighting & Consumer Durables segment grew 6% YoY to ₹476 crore, supported by strong volume growth in LED products, with LED bulb volumes rising 37%. Despite the bottom-line pressure from steel price corrections, the company maintains a healthy net cash surplus of ₹245 crore. Management expects a stronger Q4, historically their highest-volume quarter, supported by a ₹500 crore order book in steel pipes.

Surya Roshni reported a consolidated revenue of ₹1,927.49 crore for Q3 FY26, representing a modest 3.2% growth year-on-year. However, consolidated net profit for the quarter fell by 11.3% YoY to ₹79.69 crore, impacted by higher raw material consumption costs and a significant rise in finance charges. On a sequential basis, the company showed signs of recovery with net profit increasing by 7.4% from ₹74.19 crore in Q2 FY26. The Steel Pipe segment continues to be the primary revenue contributor, though its segment profit saw a decline compared to the previous year.