Surya Roshni

Surya Roshni shares pop 5% on securing deal from BPCL for CGD project

The uptick in Surya Roshni share price came after the company announced that it has secured an order of Rs 81.47 crore from Bharat Petroleum Corporation Limited (BPCL)

Surya Roshni soars 9% on fixing Jan 1 as record date for 1:1 bonus issue

The company has fixed Wednesday, January 01, 2025, as the record date to determine the eligibility of shareholders for the issuance of bonus shares in the ratio of 1:1

Surya Roshni hits over six-month high, surges 29% in 7 days post Q1 results

Margins improved by 217 bps reaching to 8.37% on account of significant improvement in operating profitability of steel pipes biz and stability in the margins of lighting and consumer durable biz.

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Across Asia, market sentiment is predominantly positive, tracking Wall Street gains. At 7:26 AM, Japan's Nikkei rose 0.47 per cent, while Korea's Kospi soared 0.11 per cent

Iron & steel stocks rally up to 11% on strong March quarter results

Surya Roshni, Gallantt Ispat, Sarda Energy & Minerals, Welspun Corp and Vardhman Special Steels (VSSL) have surged between 5 per cent and 11 per cent in Thursday's intra-day trade

Surya Roshni Q3 results: Net profit at Rs 90 crore; revenue falls 4%

Lighting products and pipe maker Surya Roshni Ltd on Thursday reported a muted growth in consolidated net profit at Rs 90.10 crore in the third quarter ended December 2023 on account of slowdown of demand. It had posted a consolidated net profit of Rs 89.66 crore in the October-December period a year ago, according to a regulatory filing from Surya Roshni. Its revenue from operations was down 4.13 per cent to Rs 1,937.80 crore during the quarter under review. It was at Rs 2,021.28 crore in the corresponding quarter. "The company reported a slight dip in revenue on account of slow down of demand of high value-added products in steel pipes business and flattish growth in lighting and consumer durables segment," the company said in an earnings statement. Total expenses of Surya Roshini were at Rs 1,820.52 crore, down 4.15 per cent in the December quarter. Surya Roshni's total income in the December quarter was at Rs 1,941.56 crore, down 3.98 per cent. Revenue from steel pipe and str

This smallcap stock is up 8%, has zoomed 67% in one month; here's why

On January 1, Surya Roshni had said that it's lighting and consumer durable business is debt free i.e. completely borrowing free segment as on December 31, 2023.

Surya Roshni gains 4% in weak market on fixing record date for stock split

The company has fixed October 6, 2023 as the record date, for the purpose of ascertaining the eligibility of shareholders entitled for subdivision of equity share in a ratio of 2:1.

Surya Roshni hits record high, surges 9% on healthy business outlook

The steel tubes and pipes manufacturer aims to maintain a positive export momentum of value-added products, particularly API pipes, to various regions, despite facing geopolitical challenges.

Surya Roshni profit increases two-fold to Rs 59 crore in June quarter

Lighting products and pipe maker Surya Roshni on Friday reported a two-fold increase in consolidated net profit to Rs 59.13 crore for the June quarter driven by reduced finance costs. It had posted a consolidated net profit of Rs 22.24 crore in the year-ago period, the company said in a regulatory filing. Revenue from operations was up 2 per cent to Rs 1,875.27 crore in the first quarter of the current fiscal as against Rs 1,839.89 crore last year. "Profit after tax stood at Rs 59 crore, reporting a growth of 166 per cent, on account of reduced finance cost," said an earning statement from the company. Total expenses of Surya Roshni were Rs 1,795.91 crore, up 11.46 per cent in the first quarter of 2023-24. Its total income rose 2 per cent to Rs 1,877 crore. The company's revenue from steel pipe and strips was marginally down to Rs 1,502.80 crore from Rs 1,504.44 crore in the corresponding quarter last year. "The revenue remained flattish due to lower steel prices. However, raw ..

Nifty likely to hit 19,000 soon; support seen at 18,660

Among individual stocks, Vinay Rajani the technical & derivative analyst of HDFC Securities recommends to Buy Surya Roshni and Bajaj Electricals.

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 strips

Surya Roshni hits 52-week high on healthy outlook; zooms 53% so far in 2023

Thus far in CY23, the stock has outperformed the market on the expectation of a sustained healthy performance ahead, supported by a steady volume growth

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Stock of this iron & steel products company has zoomed 101% in 6 months

Shares of Surya Roshni hit a 14-month high of Rs 711.35, as they surged 10 per cent on the BSE in Friday's intra-day trade in an otherwise subdued market.

Surya Roshni extends rally on strong Q3 earnings; stock surges 30% in Jan

The company's steel pipes segment Ebitda/tonne jumped 76 per cent YoY to Rs 6,733 led by strong growth in value added products (mainly API pipes)

Surya Roshni Q3 net up over two-fold to Rs 89.6 cr; revenue at Rs 2,021 cr

Total expenses were at Rs 1,899.51 crore, down 3.91 per cent in the December quarter of 2022-23 compared to the year-ago period

Jitendra Agrawal new CEO of Surya Roshni's lighting, consumer durables biz

Agrawal joins Surya from Luminous Power Technology Pvt Ltd, where he was senior vice president and responsible for the company's home electrical business

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 soars 18% in two days post December quarter results

The strong orderbook for exports, API coated pipes and spiral pipes are expected to drive the growth in the upcoming quarters.