Metal GI pipes and lighting merchandise maker Surya Roshni Ltd on Thursday reported a marginal decline in its consolidated internet revenue to Rs 89.9 crore within the December quarter.
The corporate reported a internet revenue of Rs 90.1 crore for the October-December quarter a 12 months in the past, in accordance with a regulatory submitting from Surya Roshni.
Its income from operations within the December quarter slipped 3.6 per cent to Rs 1,867.96 crore. It stood at Rs 1,937.80 crore within the corresponding quarter a 12 months in the past.
“Income barely declined by 4 per cent as a result of a decline in common HRC (Scorching-rolled coils) worth by 18 per cent on YoY (Yr-on-Yr) foundation,” the corporate mentioned in its earnings assertion.
The corporate’s income from the ‘Metal Pipe & Strips’ section declined 7.7 per cent to Rs 1,417.14 crore within the October-December quarter. The identical was Rs 1,535.70 crore within the corresponding quarter.
“Metal Pipes enterprise exhibited sturdy sequential restoration, pushed by larger volumes and improved institutional gross sales.”
“Sequentially, EBITDA per tonne expanded considerably reflecting operational efficiencies, improved gross sales combine, and steady uncooked materials prices,” it mentioned.
Nonetheless, its income from Lighting & Shopper Durables within the December quarter of FY25 grew 12 per cent to Rs 451.5 crore.
The section “carried out exceptionally nicely with sturdy efficiency throughout skilled lighting, ornamental followers, and residential home equipment,” it mentioned.
Whole bills in the course of the December quarter had been 3.7 per cent decrease at Rs 1,753.17 crore.
Its complete revenue, which incorporates different revenue, stood at Rs 1,873.88 crore, down 3.48 per cent. The corporate’s shares settled 1.45 per cent down at Rs 254.60 apiece on the BSE.
