Surya Roshni Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 08, 2024 at 03:15 pm IST
Share
Surya Roshni Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 19,378 million compared to INR 20,212.8 million a year ago. Revenue was INR 19,415.6 million compared to INR 20,221.8 million a year ago. Net income was INR 901 million compared to INR 896.6 million a year ago. Basic earnings per share from continuing operations was INR 8.34 compared to INR 8.38 a year ago. Diluted earnings per share from continuing operations was INR 8.28 compared to INR 8.24 a year ago.
For the nine months, sales was INR 57,288 million compared to INR 58,453.8 million a year ago. Revenue was INR 57,358 million compared to INR 58,492 million a year ago. Net income was INR 2,252.4 million compared to INR 1,799.4 million a year ago. Basic earnings per share from continuing operations was INR 20.9 compared to INR 16.85 a year ago. Diluted earnings per share from continuing operations was INR 20.7 compared to INR 16.54 a year ago.
Surya Roshni Limited is an India-based steel pipes and lighting company. The Company specializes in manufacturing a diverse array of products in the steel pipes and strips category. It is engaged in manufacturing of galvanized iron (GI) pipes and exporting electric resistance welded pipes. These products cater to multiple industries such as agriculture, infrastructure, oil and gas, water, and construction. The Company offers an extensive array of products, ranging from traditional lighting solutions to professional lighting systems. Its product portfolio includes light-emitting diode (LED) lamps, LED Down-lighters, LED streetlights, fluorescent tube lights (FTL), general lighting service (GLS) lamps, and high-intensity discharge (HID) lamps, among others. Its consumer durable business offers a variety of fans and home appliances, including mixer grinders, induction cooktops, toasters, irons, water heaters, and air coolers, among others. Its brands include Surya and Prakash Surya.