India: Surya Roshni achieves highest-ever quarterly EBITDA in Q1 FY’22

Leading galvanised iron (GI) pipe manufacturer, Surya Roshni, has reported highest ever EBITDA at INR 5,033 crore as against INR 2,463 crore in the year-ago period. Performance highlights:

• Revenue surged by 77% y-o-y in Q1FY’22.
• The company registered a strong growth of 112% in executing robust orders of API coated pipes on the back of timely commissioning of the 3LPE coated facility.
• Working capital days improved from 101 days to 66 days as on 30 Jun’21.