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Steel Mint

Surya Roshni Sees Robust Performance In Q1 FY22

04, Aug 2021
Surya Roshni Ltd, the largest exporter of ERW pipes and ERW galvanised steel pipes (GI) from India, is optimistic of maintaining its EBITDA/tonne (t) above 4,000/t on account of export orders and value-added products in a year's time. The company achieved its highest-ever EBITDA in Q1 FY22 at INR 5,033/t. In Q4 FY21, EBITDA stood at around INR 4,251/t.

The company's revenue for Q1 FY22 grew by 64% to INR 1,453 crore, EBIDTA grew by 112% to INR 93 crore and cash profit registered a growth of 221% to INR 76 crore on a yearly basis.