Solar Industries Q3 Results: Net profit jumps 55% YoY to ₹315 crore; revenue increases 38%

The company had posted a profit of ₹203.33 crore in the year-ago period.

Revenue from operations came in at ₹1,973.08 crore, up 38% against ₹1,429.14 crore logged in the December 2023 quarter.

Total income rose 37.67% YoY to ₹1,982.62 crore against ₹1,440.05 crore registered in the corresponding quarter of the previous fiscal year.

EBITDA, or earnings before interest, taxes, depreciation, and amortisation, surged 48% YoY to ₹527 crore as compared to ₹355.3 crore in the year-ago quarter.

Its margin rose 26.7% from the 25% last year period.

The company's total expenses for the quarter under review stood at ₹1,524.47 crore, up 33.7% YoY.

Earnings per share (EPS) for the company was ₹34.80 as compared to ₹22.47 in the year-ago period.

Shares of the company after the results announcement were trading around 1.30% higher at ₹9,870.05 apiece on the NSE.

About Solar Industries

Solar Industries is one of the leading domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords, and components that find applications in the mining, infrastructure, and construction industries. The company manufactures high-energy explosives, delivery systems, ammunition filling, and pyros fuses for the defence sector.

Solar Industries' stock performance

Shares of the company have rallied around 50% in the past 12 months.