Solar Industries India Limited reported a solid set of numbers for the third quarter, with strong year-on-year growth across profit, revenue, and operating earnings.
For the quarter, net profit rose 41.7% year-on-year to ₹446.3 crore, compared with ₹315 crore in the same period last year. The sharp increase in profit was supported by higher operating performance and revenue growth.
Revenue from operations grew 29.2% YoY to ₹2,548.3 crore, up from ₹1,973 crore in the corresponding quarter of the previous year. The growth reflects continued demand momentum across business segments during the quarter.
Operating performance also improved meaningfully. EBITDA increased 34.5% year-on-year to ₹708 crore, compared with ₹526.4 crore reported in Q3 of the previous year. The faster growth in EBITDA compared to revenue indicates improved operating leverage during the quarter.
EBITDA margin stood at 27.8%, compared with 26.7% in the same quarter last year.
