Surya Roshni surges 14% on healthy business outlook
As the company's major sales comes from rural, semi urban & exports; Going forward, the management expects home appliances and pipe segments to perform well back by various government initiatives.
SURYA ROSHNI LTD. - 500336 - Reg. 34 (1) Annual Report.
Annual Report for the financial year 2021-22. SURYA ROSHNI LTD. - 500336 - Annual General Meeting
Surya Roshni Limited has submitted the Exchange Notice of Annual General Meeting to be held on 21-Sep-2022 SURYA ROSHNI LTD. - 500336 - Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011
The Exchange has received Disclosure under Regulation 31(1) and 31(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on August 17, 2022 for Jai Prakash Agarwal SURYA ROSHNI LTD. - 500336 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Surya Roshni Limited has informed the Exchange about Loss of share certificate as received from Company''s RTA Mas Services Ltd., on 16th August, 2022 Q1FY23 Quarterly Result Announced for Surya Roshni Ltd.
Surya Roshni announced Q1FY23 Result : Revenue grew by 27% in Q1 FY23 to Rs 1,840 crore from Rs 1,453 crore in Q1 FY22, with strong growth in value-added products across both the segments The margins remain subdued due to steep fall in steel and commodity prices during Q1FY23 impacted profitability of Steel pipes segment on short term basis and will be normalized, going forward. Prudent working capital management with cash conversion cycle remaining positive Lean Balance Sheet: Reduced debt by Rs 109 crore in Q1FY23, finance cost has also reduced by 16% in Q1FY23. Debt Equity reduced to 0.30x as on 30th June 2022 as compared to 0.37x as on 31st March 2022. Benefits of cost moderation will reflect in the coming quarters. Commenting on the results, Company’s Managing Director, Mr. Raju Bista, said “The company posted a resilient set of numbers with top-line grew by 27%, amid numerous headwinds such as steep correction in commodity prices, constant depreciation in the domestic currency and sustained inflationary pressure, the performance on account of our healthy product mix driven by growing share of value-added products across Lighting and Consumer Durables and Steel pipes reflect our operational excellence. The company’s resilience to external challenges underlines the company’s brand equity, strong financial position and ability to deliver superior products across businesses. In Lighting and Consumer Durables, the company continued to witness traction in new age lighting solutions with LED battens and LED down-lighters growing at 39% and 199%, respectively. LED lighting as a whole grew by 79% YoY during the quarter. The company has continued to strategically launch products in lighting and consumer durables as per the trends in the market. The company has undertaken price hikes in the past few quarters to mitigate the impact of rising input costs. Benefit of cost moderation will accrue in near future. The company is closely monitoring the global and domestic events and remains well placed to weather the risks that may arise. Initiatives under PLI scheme will improve in house production of components for LED lighting which will lower our dependency on outsourcing and improve costs. The replacement cost now stands at 6.7%, a significant reduction on QoQ basis. The company has enhanced the focus on dealers relationship, new products introductions and BTL activities to further improve the brand equity. The company’s R&D; is focusing on reduction in replacement costs and be the first mover in smart and innovative lighting solutions. The company’s marketing team has been successful in improving the presence and market share in Metro and Tier-1 cities along with deepening the existing strong presence in the rural markets. The fans segment witnessed a healthy demand growth during the quarter, driven by a severe heatwave situation across the country. The company will also continue to focus on participating in multiple Smart Lighting projects in Professional Lighting. In the Steel Pipes and Strips, the company’s performance in terms of realizations and profitability was affected as there was inventory rationalization by the dealers and distributors on account of a steep correction in global commodity prices. Although this has affected financial performance in the short term, we firmly believe that the long-term prospects for our Steel and Strips business remain intact, considering the enquiries generation, strong traction in the orderbook and growing share of new-age, value-added products and exports. This, coupled with the recently inaugurated large-dia DFT manufacturing facility is expected to enhance the margin profile going forward. The company will continue to invest in R&D;, promotional activities and product launches along with working capital optimization and debt reduction to further create a value for the shareholders.” Result PDF
With an all-time high of 2,956%, this stock fixes record date for dividend
Surya Roshni Ltd is an industrial-focused small cap company with a market cap of 2,063.19 crore.
Surya Roshni Q1 net dips 40.4 pc to 22.24 cr
Surya Roshni Q1 net dropped 40.4 per cent to 22.24 crore SURYA ROSHNI LTD. - 500336 - Board Meeting Outcome for Forty Ninth (49Th) Annual General Meeting (AGM)
Forty Ninth (49th) Annual General Meeting (AGM) of the members of the Company will be held on Wednesday, 21st September, 2022 at 12.00 Noon. SURYA ROSHNI LTD. - 500336 - Fixed Record Date For Dividend For The Financial Year 2021-2022
Fixed Friday, 2nd September, 2022 as the Record Date for the purpose of determining entitlement of the Members for payment of Dividend of Rs.4.00 per equity share for the Financial Year 2021-22