MAM
Vinay Surya named MD of Surya Roshni
Mumbai: Surya Roshni, a steel pipes, lighting and consumer durables company has announced the appointment of Vinay Surya, the whole time director as managing director, effective from 26 October.
Surya has done an MBA from Swinburne University, Australia, and has contributed majorly to the vision and strategy of the company. With his long-term vision, hard work, and dedication he was responsible for starting the steel pipe exports globally, said the company in a statement on Tuesday.
“I am delighted to welcome Vinay Surya as the managing director, and he will share joint responsibility with Raju Bista, who has been managing director since 2012,” stated Surya Roshni chairman JP Agarwal. “Vinay Surya has an exceptional leadership track record, strong marketing exposure, deep strategic expertise and a unique ability to forge long-standing client relationships. They will work closely to take Surya Roshni to newer heights.”
“I am grateful to our chairman and the board for bestowing this responsibility on me. We will continue to work towards making Surya stronger, agile and vibrant in the changing macro environment,” said Vinay Surya. “We have a dedicated team of the best professionals in the industry and I am quite confident of achieving greater heights together. Surya has done a lot of measures to help the needy during the pandemic period, and will escalate its efforts towards the well-being of the Indian public.”
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Sapphire Foods FY26 revenue rises to Rs 3,125 crore, posts loss
Q4 revenue at Rs 792 crore, FY26 loss at Rs 32 crore amid cost pressures.
MUMBAI: If growth is on the menu, profitability seems to have taken a brief detour. Sapphire Foods India reported a steady rise in topline for FY26, even as rising costs weighed on profitability. Revenue from operations grew to Rs 3,125 crore for the year ended March 31, 2026, up from Rs 2,882 crore in FY25. However, the company swung to a loss, reporting a net loss of Rs 32 crore for FY26, compared to a profit of Rs 17 crore in the previous year. Total income for the year stood at Rs 3,153 crore, while total expenses climbed to Rs 3,167 crore, reflecting pressure across key cost heads.
In the March quarter, revenue came in at Rs 792 crore, compared to Rs 711 crore in the same period last year. The company reported a quarterly net loss of Rs 13 crore, against a profit of Rs 2 crore a year earlier.
Cost pressures remained visible across operations. Material costs rose to Rs 995 crore for FY26, while employee expenses increased to Rs 428 crore. Other expenses, the largest component, stood at Rs 1,229 crore, underscoring the impact of store operations and expansion-related spends.
Depreciation and amortisation expenses also climbed to Rs 392 crore for the year, reflecting continued investments in store infrastructure and growth.
At the operating level, the company reported a loss before tax of Rs 37 crore for FY26, compared to a profit of Rs 23 crore in FY25. Exceptional items added Rs 24 crore to the cost burden during the year.
On the balance sheet, total assets rose to Rs 3,256 crore as of March 31, 2026, up from Rs 3,041 crore a year earlier, indicating ongoing expansion. Net worth stood at Rs 1,389 crore.
Despite profitability pressures, operating cash flow remained resilient at Rs 507 crore, highlighting underlying business strength and demand stability.
The numbers paint a familiar picture in the quick-service restaurant space, growth continues to be served hot, but margins are still finding their footing.
