Shares of Solar Industries India Limited moved sharply higher, rising over 4% after the company reported strong Q3 results, supported by broad-based growth across revenue, profitability, and operating performance on a year-on-year basis.
During the third quarter, Solar Industries reported a net profit of ₹446.3 crore, registering a growth of 41.7% compared with ₹315 crore in the corresponding quarter last year. The improvement in profitability reflects higher operating scale and better cost absorption during the period.
Revenue for the quarter stood at ₹2,548.3 crore, up 29.2% from ₹1,973 crore reported in Q3 of the previous financial year. The year-on-year rise in revenue indicates steady demand momentum and improved execution across business segments.
Operating performance also strengthened, with EBITDA increasing 34.5% to ₹708 crore from ₹526.4 crore in the same quarter last year. EBITDA growth outpaced revenue growth, highlighting improved operating leverage during the quarter.
EBITDA margin remained largely stable at 27.8% compared with 26.7% in Q3 last year. The near-flat margin performance suggests that cost pressures were largely offset by higher volumes and operational efficiencies.
