Q1 2025 Surya Roshni Ltd Earnings Call Transcript
Key Points
- EBITDA for Q1 FY25 increased by 36% year-on-year to INR159 crores, indicating strong operational performance.
- Surya Roshni Ltd (BOM:500336) is a zero-debt company with a cash surplus of INR160 crores, providing financial flexibility.
- The professional lighting segment saw an 18% growth, driven by infrastructure and industrial projects.
- The appliances segment witnessed a 15% volume growth, with the fan business recording a 43% volume growth.
- The company has a robust order book of approximately INR600 crores to INR700 crores, primarily from the oil and gas sectors.
- There was an 8-9% price erosion in the steel segment, impacting overall revenue.
- Revenue growth in the Lighting and Consumer Durables segment was modest at 3%, despite challenges in price erosion.
- The steel pipe segment faced a slowdown in government projects due to the general election.
- The company anticipates significant capital expenditure (CapEx) of INR300 crores for the year, which may impact cash flow.
- The modernization of the cold-rolling plant and the spiral pipe plant are expected to commence operations only by Q3 and December '24, respectively, indicating potential delays in capacity expansion.
Yes, thank you. Good afternoon, everyone. On behalf of Surya Roshni Limited, I once again extend a very warm welcome to everyone for joining us today.
On this call, we are joined by Naresh Singhal, Executive Director of Steel Operation; Mr. Jitendra Agrawal, CEO of Lighting and Consumer Durables; and our CFO and Company Secretary, Mr. Bharat Bhushan Singal; and SGA, our Investor Relations adviser. And I hope everyone had an opportunity to go through the financial results, which was probably published today.
Moving on to the overall financial performance highlights. We are pleased to report a healthy operating performance for Q1 FY25, despite the slowdown due to general election, some few 8%, 9% price erosion on steel part, but our continued focus on value-added products in Steel Pipes segment and offering innovative products in the Lighting and Consumer Durables, we have been able to give a very healthy kind of EBITDA margins improvement.
EBITDA for Q1 FY25 increased significantly by 36% year-on-year to
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
