Shares of Surya Roshni Ltd surged 2.5% to hit a day’s high of Rs 269.80 on 25th November, after the firm announced on Monday (24th November) that it has secured an order worth Rs 105.18 crore (including GST) from an engineering and infrastructure company for the supply of spiral pipes with external 3 LPE coating.

The order, placed by a domestic company, will be executed in Gujarat. It is expected to be completed by 31st March, 2026. Surya Roshni also clarified that the promoters and related group companies have no connection to the buyer. Furthermore, the contract does not qualify as a related-party transaction.

Surya Roshni Second Quarter Results

Surya Roshni posted strong numbers for the second quarter. Net profit jumped 117% YoY to Rs 74.3 crore from Rs 34.2 crore a year ago. Revenue rose 21% YoY to Rs 1,845.2 crore and was also up 15% compared to the June quarter. Last year’s revenue for the same quarter was Rs 1,529 crore, while June quarter revenue was Rs 1,605 crore. The rise was supported by festive demand and stronger interest in professional lighting products.

Despite some pricing pressure, the lighting and consumer durable segment delivered solid growth. This was driven by higher demand for LED lamps, battens, water heaters, and mixer grinders.

EBITDA rose 55% YoY to Rs 118 crore, and the EBITDA margin improved to 6.4%, up from 5% last year.

At 11:26 AM, shares of Surya Roshni were trading 2.31% higher at Rs 265.90 on NSE.