Solar Industries India Q1FY24 Results: Consolidated PAT of Rs. 197.41 Cr

Solar Industries India Q1FY24 Results: Consolidated PAT of Rs. 197.41 Cr

Solar Industries India Q1 results show revenue fell from 1939.88 crores to 1690.40 crores, a -12.86% decrease in growth. EPS down from ₹22.78 to ₹21.82, down by -4.21%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Solar Industries India shared its Q1 results on Thursday. They earned 1690.40 crores in revenue this quarter, but that’s less than the 1939.88 crores they made last quarter. Unfortunately, the company’s growth decreased by -12.86 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 197.41 crores, down from 206.10 crores in the previous quarter. Their quarter-to-quarter growth decreased by -4.22 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹21.82, which is a decrease of -4.21% from the ₹22.78 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1690.40 crores this year (2023), which is 4.07 percent higher than last year’s total revenue of 1624.22 crores.

This year’s PAT (Profit After Tax) is 197.41 crores, which is also 15.98% higher than last year’s PAT of 170.21 crores.

The EPS (Earnings Per Share) for this year is ₹21.82, which is 16.00% more than the EPS of ₹18.81 earned last year.

Also Read: Kansai Nerolac Paints Q1FY24 Results: Consolidated PAT of Rs. 738 Cr

Solar Industries India Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Solar Industries India:

Solar Industries India Limited is a manufacturer and supplier of explosives and explosives accessories. Their product range comprises bulk explosives, cartridge explosives, detonators, detonating cords, Pentaerythritol Tetranitrate (“PETN”), and cast boosters.

Download the Full PDF of Solar Industries India Q1 Results: Click Here

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