Solar Industries saw its shares rise over 2% following the release of its Q2 FY25 financial results, reflecting strong revenue and profit growth.
Key Highlights for Q2 FY25:
- Revenue from Operations: ₹1,715.83 crore, marking a 27.3% YoY growth from ₹1,347.46 crore in Q2 FY24 and a 1.9% QoQ increase from ₹1,684.80 crore in Q1 FY25.
- Total Income: ₹1,746.28 crore, up 28.8% YoY from ₹1,355.18 crore and 2.1% higher QoQ from ₹1,709.05 crore in Q1.
- Profit Before Tax (PBT): Reached ₹406.97 crore, a robust 43% YoY growth from ₹284.53 crore. However, PBT marginally declined by 0.6% QoQ from ₹408.29 crore in Q1.
- Net Profit: ₹303.78 crore, a 45.6% YoY increase from ₹208.99 crore in Q2 FY24, with a slight QoQ dip of 0.9% from ₹306.54 crore in Q1.
Stock Performance: Solar Industries opened at ₹9,735.00, hit a high of ₹9,930.00, and a low of ₹9,735.00.
As of 10:17 am, Solar Industries shares were trading 2.28% higher at Rs 9,909.70 on the NSE.
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