India’s leading pipe maker Surya has declared 194% YoY surge in Steel Pipe and Strips Segment profit for October-December quarter of 2022 with volume growth of 9% led by healthy product mix, ramped up operations at the new DFT technology-based manufacturing at Malanpur and improvement in product mix along with healthy traction in DFT products.----------------------------------October-December QuarterRevenue - INR 1,626 crores, down 2% YoYEBITDA - INR 136 crores, up 92% YoYEBITDA per tonne - INR 6,733, up 76% YoYPBT - INR 104 crores, up 194% YoY------------------------------April-December QuarterRevenue – INR 4,731 crores, up 5% YoYEBITDA – INR 286 crores, up 29% YoYEBITDA per tonne INR 5,190, up 22% YoYPBT - INR 188 crores, up 59% YoYSurya Roshni said “In the Steel Pipes and Strips, the topline was affected due to correction in global steel prices. HR coil prices reduced by 18% on an average in current quarter as compared to corresponding quarter. However, EBITDA per tonne improved significantly by 76% on a YoY basis to INR 6,733 in Q3FY23, due to increased share of value-added products. The company remains well geared to accelerate the growth further in the coming quarters.”With 49 years of Prakash Surya Brand presence in India, Surya Roshni is a leading manufacturer of Structural, Gl, API Grade & Spiral pipes and CR Strips with1.276 million tonne per annum capacity including 0.961 million tonne per annum of ERW Pipes, 0. 2 million tonne per annum of Spiral Pipes and 0.115 million tonne per annum of CR with4 manufacturing locations in Haryana, Madhya Pradesh, Gujarat & Andhra Pradesh
India’s leading pipe maker Surya has declared 194% YoY surge in Steel Pipe and Strips Segment profit for October-December quarter of 2022 with volume growth of 9% led by healthy product mix, ramped up operations at the new DFT technology-based manufacturing at Malanpur and improvement in product mix along with healthy traction in DFT products.----------------------------------October-December QuarterRevenue - INR 1,626 crores, down 2% YoYEBITDA - INR 136 crores, up 92% YoYEBITDA per tonne - INR 6,733, up 76% YoYPBT - INR 104 crores, up 194% YoY------------------------------April-December QuarterRevenue – INR 4,731 crores, up 5% YoYEBITDA – INR 286 crores, up 29% YoYEBITDA per tonne INR 5,190, up 22% YoYPBT - INR 188 crores, up 59% YoYSurya Roshni said “In the Steel Pipes and Strips, the topline was affected due to correction in global steel prices. HR coil prices reduced by 18% on an average in current quarter as compared to corresponding quarter. However, EBITDA per tonne improved significantly by 76% on a YoY basis to INR 6,733 in Q3FY23, due to increased share of value-added products. The company remains well geared to accelerate the growth further in the coming quarters.”With 49 years of Prakash Surya Brand presence in India, Surya Roshni is a leading manufacturer of Structural, Gl, API Grade & Spiral pipes and CR Strips with1.276 million tonne per annum capacity including 0.961 million tonne per annum of ERW Pipes, 0. 2 million tonne per annum of Spiral Pipes and 0.115 million tonne per annum of CR with4 manufacturing locations in Haryana, Madhya Pradesh, Gujarat & Andhra Pradesh
