ECONOMY

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

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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

Click on the attachment to read the full report:

ICICI Direct Solar Industries Q1FY22 Result Update.pdf

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