Solar industries : Results Q1FY18
DSIJ Intelligence / 02 Aug 2017
Solar Industries India Limited Ltd. reported its results for the quarter ended June 30, 2017 today.
Solar Industries India Limited Ltd. reported its results for the quarter ended June 30, 2017 today.
Total sales for this quarter, Q1FY18, came in at Rs. 502.05 crore. This represents a 4.28 per cent sequential increase and 14.21 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 100.99 crore and the EBIT margin stood at 20.12 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 59.88 crore which represents a sequential QoQ increase of 6.99 per cent and a YoY increase of 19.5 per cent.
Solar Industries India Limited is an explosives manufacturing company. It manufactures, supplies and exports industrial explosives and initiating systems. Also, it manufactures various explosives products, such as slurry and emulsion base explosives, bulk explosives, detonators, pentaerythritol tetranitrate (PETN) and accessories. Its products are used across mining and infrastructure sectors. It also offers high melting explosive (HMX) and HMX compounded products to the defense sector. The company has 25 manufacturing plants in eight states in India and three in overseas locations.
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