India: Surya Roshni registers 31% rise in revenues to INR 1,366 cr in Q4 FY ’21

One of India’s leading galvanized iron (GI) pipe manufacturers, Surya Roshni Limited has announced its Q4 FY ’21 financial results today. The highlights for the steel pipes and strips segment are as follows:

• Revenues grow by 31% y-o-y to INR 1,366 cr from INR 1,041 cr in Q4 FY ’20.
• EBITDA increases to INR 4,251 as against INR 3,490 in Q4 FY ’20, up 22% y-o-y.
• Inventory falls to 41 days vis-à-vis 52 days in Q4 FY ’20.
• Net working capital reduces to 56 days in Q4 FY ’21 compared to 76 days in the year-ago period.