• The document contains the transcript of an earnings conference call (Group Meet) held on Monday, 25th May, 2026 at 4:00 PM IST to discuss the audited financial results and operational performance for the quarter and year ended 31st March, 2026.
  • Management participants included: Mr. Raju Bista (Managing Director), Mr. B.B. Singal (CFO and Company Secretary), Mr. Gaurav Jain (CEO, Steel Division), Mr. Vasumitra Pandey (CEO, Lighting & Consumer Durables), and Mr. Naresh Singhal (Executive Director, Steel Operations).
  • The audio recording was filed with stock exchanges on 25th May 2026, and this transcript is being submitted as a follow-up disclosure. The transcript is also available on the company's website at www.surya.co.in under Financials in the Investor section.
  • The company indicated that the call may contain forward-looking statements based on beliefs, opinions, and expectations as of the call date, with the standard disclaimer that these are not guarantees of future performance.

Financial Highlights Discussed

Q4 FY26 Performance:

  • Consolidated revenue: ₹2,163 crores (broadly stable YoY)
  • EBITDA: ₹170 crores with margins of 7.9%
  • PAT: ₹98 crores
  • Net cash surplus: ₹337 crores (zero-debt company)

Full Year FY26 Performance:

  • Consolidated revenue: ₹7,540 crores (vs ₹7,436 crores in FY25)
  • EBITDA: ₹541 crores
  • PAT: ₹286 crores
  • Dividend: Final dividend of ₹2.50 per share (plus interim ₹2.50 per share = total ₹5.00 for FY26)

Segment-wise Performance Q4 FY26:

Lighting & Consumer Durables:

  • Revenue: ₹501 crores (9% YoY growth)
  • EBITDA: ₹44 crores (8.8% margins)
  • March 2026 was highest monthly sales month across every business category

Steel Pipe and Strip:

  • Revenue: ₹1,662 crores
  • Volume: 2.6 lakh tons (highest quarter volume)
  • EBITDA: ₹126 crores (₹5,121 per ton)
  • Value-added products contributed 43% of overall volume

FY27 Guidance:

  • Steel Division targeting 11 lakh tons volume (21-22% growth over FY26)
  • Export target: 2.5+ lakh tons (vs 1.36 lakh tons in FY26)
  • Current steel order book: ₹1,000+ crores
  • Overall company EBITDA target: ₹680-700 crores
  • Lighting & Consumer Durables targeting 22-25% annual value growth
  • Wire and Cable business target: ₹260 crores revenue

Additional Notes Section

  • The transcript includes a Q&A session where management addressed questions about Q4 performance shortfalls (attributed to Middle East crisis affecting exports), domestic market growth aspirations, capacity expansion plans, and potential corporate actions including demerger considerations and buyback possibilities.
  • Management specifically mentioned that the Middle East crisis in late February caused exports to become "almost nil" and resulted in a shortfall of approximately 12,000 tons of material that was ready for shipment.
  • The company has secured significant export orders including 65,000 tons for the US market with shipments starting at 10,000 tons per month, expected to generate EBITDA of ₹9,000-10,000 per ton.
  • The document represents a regulatory filing submitted to BSE and NSE in compliance with SEBI Listing Regulations, with digital signature by B.B. Singal, CFO & Company Secretary, dated June 2, 2026.