Q4FY17 results: Solar Industries India Ltd
Amir Shaikh / 29 May 2017
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Solar Industries India Ltd. reported its results for the quarter ended March 31, 2017 today.
Solar Industries India Ltd. reported its results for the quarter ended March 31, 2017 today.
The company's total sales for Q4FY17 came in at Rs 442.1 crore, which represents a 6.81 per cent sequential increase and 7.56 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 81.85 crore and its EBIT margin stood at 18.51 per cent.
The company reported PAT of Rs 55.97 crore, which represents a sequential QoQ increase of 13.03 per cent and a YoY increase of 22.63 per cent.
During FY17, the company’s revenue increase 9.1 per cent YoY to Rs 324 crore and its EBITDA rose 6.5 per cent YoY to Rs. 324 crore. The company reported net profit of Rs 194.73 crore, up 10 per cent YoY.
The stock opened for trading today at Rs 835 and closed at Rs 842.85, up by 0.94 per cent.
Solar Industries India Limited is an explosives manufacturing company. The company manufactures, supplies and exports industrial explosives and initiating systems.
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