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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
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