Solar Industries India Q1 Results Total Revenue ₹1,694.78 Crores & Net income ₹286.46 Crores

Solar Industries India Growth Comparison 

Solar Industries India Q1 Results: Solar Industries India financial results for the quarter ending June 2024 show a mix of changes compared to previous periods. Year-over-year (YoY), the company's revenue increased slightly by 0.75% from the same quarter last year, indicating steady performance. However, the revenue decreased by 12.14% quarter-on-quarter (QoQ), meaning there was a notable drop compared to the previous quarter. This suggests that while the company did see growth over the past year, there was a recent decline in revenue.

Year-over-year (YoY), Solar Industries India’s net income rose by 45.11%, which is a significant increase from last year. This means the company earned much more profit compared to the same quarter in the previous year. The net income also grew by 39.03% quarter-on-quarter (QoQ), showing that profit has improved significantly compared to the previous quarter.

Solar Industries India’s Operating income increased by 41.65% YoY, showing strong growth from last year. However, the total operating expenses decreased by 7.74% YoY, which means the company managed its costs better compared to last year. Overall, while there were fluctuations quarter-on-quarter, the YoY results reflect strong improvement in profitability and cost management.

Here's a summary of Solar Industries India's Q1 results for June 2024:

(Rs in Crores except the shares)

Source: Here 

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Solar Industries India Q1 Results

Solar Industries India’s financial results for the quarter ending June 30, 2024, show a solid performance. The company's revenue from its main operations was ₹1,694.78 crores, which is a bit higher than the ₹1,610.71 crores from the previous quarter. Additionally, the company earned ₹24.28 crores from other sources, making the total income ₹1,719.07 crores, compared to ₹1,628.36 crores in the last quarter.

Solar Industries India’s expenses include ₹813.96 crores for purchasing stock and managing changes in inventory. Employee benefits cost ₹131.11 crores, and finance costs were ₹27.47 crores. Depreciation and other expenses amounted to ₹244.11 crores. Overall, total expenses were ₹1,312.85 crores, which is slightly lower than the ₹1,417.86 crores from the previous quarter.

Before accounting for taxes, Solar Industries India’s profit was ₹406.22 crores. After taxes and other adjustments, including deferred taxes, the net profit remained strong at ₹291.59 crores. The company reported other comprehensive income (OCI) of ₹(103.86) crores. The total comprehensive income for the quarter was ₹703.44 crores. The paid-up equity share capital is ₹18.10 crores, and the total equity stands at ₹3,305.69 crores, maintaining stability and strong financial health.

Here’s the information: 

Solar Industries India Financial Metrics 

The table shows key financial details for Solar Industries India. The company's market capitalization, or total value, is ₹97,921 Crores. Each share is priced at ₹10,821. The stock's highest price in the past period was ₹13,300, while the lowest was ₹4,539. The Price-to-Earnings ratio (P/E) is 106, meaning the stock is valued at 106 times its earnings. 

Here’s the financial information in a table format:

Quarterly Results 

Solar Industries India, the financial data for December 2023, March 2024, and June 2024 shows positive trends. Sales grew from ₹1,429 crores in December 2023 to ₹1,695 crores by June 2024, indicating strong revenue growth. Expenses also increased, but at a slower pace, reaching ₹1,245 crores by June 2024. Operating profit improved significantly, rising from ₹355 crores in December 2023 to ₹449 crores in June 2024, with the operating profit margin peaking at 27%. 

Here is the transposed data for December 2023, March 2024, and June 2024:

(Figures in Rs. Crores)