India: Surya Roshni registers 6% increase in cash profit in 9M FY ’21

A leading manufacturer of steel pipes – Surya Roshni Limited, has announced its financial results for the quarter ended 31st Dec ’20. The company’s cash profit grew by 26% y-o-y at INR 63 cr in Q3 FY ’21 against INR 50 cr in Q3 FY ’20 while 9M FY ’21 revenue stood at INR 132 cr, up 6%. EBITDA stands at INR 175 cr in 9M FY ’21 compared to INR 190 cr in 9M FY ’20. Surya’s expansion for 3 LPE coated pipe unit to be commissioned by Mar ’21.