Shares of Surya Roshni closed marginally lower on Tuesday, November 11, despite posting a strong performance for Q2 of the current financial year.

Net profit grew 117% year-on-year to ₹74.3 crore from ₹34.2 crore in the same quarter last year.

The company reported ₹1,845.2 crore in revenue from operations, up 21% on a year-on-year basis and 15% on a sequential basis. Revenue in the same quarter last year stood at ₹1,529 crore while June quarter revenue stood at ₹1,605 crore. Festive demand and continued interest in professional lighting drew demand.

Despite pricing pressures in certain categories, the company said lighting and consumer durable segment recorded a healthy increase in revenue with strong double-digit volume growth in LED lamps, battens, water heaters, and mixer grinders.

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