Solar Industries Limited announced strong financial performance for the quarter ended December 31, 2024, with a significant increase in both revenue and net profit. The company’s net profit surged 54% year-on-year (YoY) to ₹337.5 crore, compared to ₹221 crore in Q3 FY24. Revenue from operations climbed 38% YoY to ₹1,973.08 crore, up from ₹1,429.14 crore in the corresponding quarter last year.
The company reported improved operational efficiency, reflected in its profit before tax (PBT), which rose 54% YoY to ₹459.11 crore from ₹298.93 crore.
Key Highlights for Q3 FY25:
- Revenue from operations: ₹1,973.08 crore (up 38% YoY)
- Net profit: ₹337.5 crore (up 52% YoY)
- Profit before tax (PBT): ₹459.11 crore (up 54% YoY)
- Total expenses: ₹1,524.47 crore, compared to ₹1,139.79 crore in Q3 FY24
The company attributed this growth to strong demand in its core markets, increased production capabilities, and effective cost controls during the quarter.
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