Home / Business and Economy / Surya Roshni's Profit Soars 117% with New Pipe Contract
Surya Roshni's Profit Soars 117% with New Pipe Contract
10 Dec
Summary
- Surya Roshni secured a ₹168.71 crore order for MS pipes in Gujarat.
- The company's net profit surged 117 percent year-on-year.
- The new order is slated for completion by June 2026.
Surya Roshni Ltd. announced it has secured a new order valued at ₹168.71 crore for the supply of submerged arc welded mild steel pipes. This significant contract is designated for projects within Gujarat and is expected to be completed by June 2026, bolstering the company's robust order pipeline.
The lighting and steel manufacturer continues to benefit from steady demand in infrastructure and utility sectors. This follows a previous order in November for spiral pipes, reinforcing the company's strong market position. Surya Roshni's financial performance has also shown remarkable improvement.
In the September quarter, the company achieved a net profit growth of 117 percent, reaching ₹74.3 crore compared to ₹34.2 crore in the prior year. Revenue from operations saw a healthy increase of 21 percent, climbing to ₹1,845.2 crore. These positive developments contributed to a rise in the company's stock value.
