Solar Industries Q1 Review – Strong Earnings Momentum Continues: ICICI Direct

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Solar Industries India Ltd. registered a robust performance with strong growth in realisation as well as volumes.

Revenue for the quarter came in at Rs 825.2 crore, up 68% YoY and 4% QoQ.

Gross margins contracted ~197 basis points YoY and 171 bps QoQ on account of higher input costs.

Nonetheless, positive operating leverage aided Solar Industires’ Ebitda margins, which came in at 21.2% versus 18.7% YoY and 20.8% QoQ.

Ebitda came in at Rs 174.7 crore, up 90% YoY and 6.2% QoQ.

Profit after tax (post minority interest) was at Rs 97.5 crore in Q1 FY22 versus Rs 91 crore in Q4 FY21 and Rs 42.1 crore in Q1 FY21

Click on the attachment to read the full report:

ICICI Direct Solar Industries Q1FY22 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Most Related Links :
editorpen Governmental News Finance News

Source link

Back to top button