Surya Roshni nears record high on healthy outlook; zooms 106% in 6 months
In Q4FY23, the company achieved highest ever EBITDA/MT of Rs 9,868 in steel pipes and strips04-05-2023
04-05-2023
SURYA ROSHNI LTD. - 500336 - Announcement under Regulation 30 (LODR)-Earnings Call Transcript
Transcript of Earnings Call with respect to Financial Results for the fourth quarter and financial year ended 31st March, 2023.02-05-2023
SURYA ROSHNI LTD. - 500336 - Announcement under Regulation 30 (LODR)-Newspaper Publication
Extract Q4 FY23 newspaper publication.28-04-2023
SURYA ROSHNI LTD. - 500336 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
The information as received from Company''s RTA Mas Services Ltd., on 28th April, 2023 in regard to information for loss of Share Certificates.28-04-2023
SURYA ROSHNI LTD. - 500336 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio Recording of Earnings Call with respect to Financial Results for the fourth quarter and Financial year ended 31st March, 2023.27-04-2023
Q4FY23 Quarterly & FY23 Annual Result Announced for Surya Roshni Ltd.
Plastic Products company Surya Roshni announced Q4FY23 & FY23 results: Q4FY23: Highest ever EBITDA/MT in Q4FY23 at Rs 9,868 as compared to Rs 5,605 in Q4FY22 Improvement in overall product mix with higher growth in value-added products and markets including API & Spiral Pipes and Exports and improvement on market realization. Consistent inflow and enquiry generation for value-added products Optimal working capital management with net working capital days at 61 days FY23: Revenue of Rs 6,452 crore in FY23 as compared to Rs 6,402 crore in FY22 For FY23, Steel pipes Trade Business grew 19%, Spiral Pipe by 8% and API Exports by 211% The total orderbook in-hand exceeds Rs 850 crore at the end of FY23 EBITDA/MT for FY23 improved to Rs 6,496 as compared to Rs 4,648 YoY, an account of favorable product mix of value-added products and exports Launched 30’’ Galvanized Pipe in India and 2’’ 5CT pipe for Exports Continued focus on exporting value-added products along with further expansion of geographical footprint Expansion at Hindupur is under execution as per schedule Setting up of ERW pipe mill of 18” up to 24” large dia pipes at existing facilities with a capex of Rs 75 crore Commenting on the financial performance, Bharat Bhushan Singal – CFO said, “For the quarter, EBITDA and PAT grew by 64% and 88% on YoY basis to Rs 254 crore and Rs 156 crore respectively. For the full year, the revenue was Rs 7,997 crore as compared to Rs 7,731 crore. EBITDA and PAT stood at Rs 620 crore and Rs 336 crore as compared to Rs 449 crore and Rs 205 crore, respectively. In Lighting & Consumer Durables, for the quarter, the revenue stood at Rs 431 crore as against Rs 404 crore. EBITDA and PBT stood at Rs 42 crore and Rs 35 crore, respectively. For the full year, the revenue stood at Rs 1,545 crore as against Rs 1,333 crore. EBITDA and PBT stood at Rs 122 crore and Rs 90 crore, respectively. In the Steel Pipes and Strips, during Q4FY23, the company witnessed EBITDA growth of 76% YoY. Similarly, EBITDA/MT stood at Rs 9,868 compared to Rs 5,605 YoY. For FY23, revenue grew by 4% YoY, to Rs 6,452 crore while EBITDA/MT stood at Rs 6,496 as against Rs 4,648 YoY. During FY23, the company reduced debt by Rs 176 crore and continued to remain long-term debt free, thus reducing the interest expenses to great extent. This has resulted into a reduction of debt to equity ratio from 0.37x in March 2022 to 0.22x in March 2023. RoCE has improved by 670 basis points to 22.9% for FY23 from 16.2% in FY22, while RoE has improved by 560 basis points to 19.7% in FY23 from 14.1% in FY22”. Result PDF27-04-2023
SURYA ROSHNI LTD. - 500336 - Announcement under Regulation 30 (LODR)-Meeting Updates
INVESTMENT OF RS. 75.00 CRORE FOR SETTING UP ERW PIPE MILL FOR MANUFACTURING OF LARGE DIAMETER PlPE AT ANJAR PLANT.27-04-2023
SURYA ROSHNI LTD. - 500336 - Announcement under Regulation 30 (LODR)-Investor Presentation
Investor Presentation - April, 202327-04-2023
SURYA ROSHNI LTD. - 500336 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
PRESS RELEASE- Q4 & FY23 RESULTS HIGHLIGHTS27-04-2023