Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Union Budget
Budget 2011-2012 Home
Industry Expectations - Budget 2011-2012
Industry Reactions - Budget 2011-2012
Budget 2010-2011
Budget 2010-2011 Home
Industry Expectations - Budget 2010-2011
Industry Reactions - Budget 2010-2011
Contributor's Corner
Bonanza Portfolio
Hemant K Gupta
Krish Bhatt
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
Trading of Securities
Transfer of Securities
Your Rights
Budget 2009-2010
Budget 2009-2010 Home
Industry Expectations - Budget 2009-2010
Industry Reactions - Budget 2009-2010
Interim Budget 2009-2010 Home
Industry Expectations - Interim Budget 2009
Budget 2008-2009
Railway Budget 2008-2009
Industry Expectations - Budget 2008
Union Budget 2008-2009
Highlights of Budget 2008-2009
Summary of Budget 2008-2009
Industry Reactions - Budget 2008
Current IPOs
Past IPOs
IPO Subscription
Mutual Funds
Gold Exchange Traded Fund
MF Unique Holding
Forthcoming Dividends
ELSS Schemes Comparison
Tax Plans
New Fund Offers
Market Whispers
Tax Planning
Equity Linked Savings Scheme
Post Office MIS
9% GOI Senior Citizens Savings Scheme
8% Savings (Taxable) Bonds
Kisan Vikas Patra
National Savings Certificate
Public Provident Fund
Stock Report

| More

Solar Industries India Ltd. Q3FY17 Net Profit at Rs. 47.52 crores, Y-o-Y growth 14.45%

Posted On: 2017-02-16 21:49:20

For the Quarter ended December 31, 2016:

- Gross sales rose by 12.32% YoY to Rs. 463.53 crore in Q3FY17 from Rs. 412.68 crore in Q3FY16.
- Sales to Coal sector increased by 35% from ?137.39Crs in Q3FY16 to ?185.28Crs in Q3FY17.
- The EBITDA in Q3FY17 is Rs. 81.49 crore. EBIDTA % stands at 18.92% in Q3FY17 as compared to 20.84% in Q3FY16
- Net profit after minority tax is at Rs. 47.52 crore for Q3FY17. Net profit % stands at 11.03 % in Q3FY17 as compared to 10.91% in Q3FY16.

For the Nine months ended December 31, 2016:

- Gross sales increased by 7.62% YoY to Rs. 1272.65 crore in 9MFY17 from Rs. 1182.56 crore of 9MFY16
- EBITDA rose by 6.47 % YoY to Rs. 240.82 crore in 9MFY17 from Rs. 226.19 crore in 9MFY16. EBIDTA % stands at 20.40 % in 9MFY17 as compared to 20.68% in 9MFY16
- Net profit after minority tax jumped by 9.30 % to Rs. 131.47 crore for 9MFY17 from 120.28 crore in 9MFY16. Net profit % stands at 11.14% in 9MFY17 as compared to 11% in 9MFY16.

Solar Industries India Ltd., the largest manufacturer, suppliers and exporters of commercial Explosives and Explosive Accessories in India, has declared its financial results for the quarter ended December 31, 2016.

Commenting on the financial performance of the company Mr. Manish Nuwal, Managing Director & CEO, Solar Industries India Limited said, "We delivered satisfactory results. There was a growth of 12.32% when we compare it on YoY basis. However, on QoQ basis the growth is 33% which shows a significant recovery. This growth came in spite of demonetization and translational losses, which is due to devaluation in foreign currency.

We have taken effective steps to mitigate the losses arising from weakening of currency. As a result, the effect of translational losses will get minimized by Q4FY17. Operations in South Africa will commence from Q1FY18. It will take about three months for our product to get stabilized and get recognition within the local market.

As we said earlier, we are expecting further orders from defence. I am happy to announce that our current order book stands at Rs. 102.81 crores executable over FY18 against the previous Rs. 72.81 Crores. The company has participated in many RFI's and more orders are expected to come in future. Our supply chain to defence sector is now getting streamlined, as a result we have made a sale of Rs. 6.35 crores in Q3FY17 and expect to cross 12 Cr in Q4 17.

We continue to build on our core strengths to accelerate business growth and seek new vistas of opportunities to deliver on our stakeholder commitments."

Shares of SOLAR INDUSTRIES INDIA LTD. was last trading in BSE at Rs.732 as compared to the previous close of Rs. 724.35. The total number of shares traded during the day was 1736 in over 199 trades.

The stock hit an intraday high of Rs. 740.5 and intraday low of 700. The net turnover during the day was Rs. 1262418.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Mahindra Internet Commerce Private Limited ceases to be subsidiary of Mahindra & Mahindra Ltd
Ceat Ltd approves re-appointment of Managing Director
Dilip Buildcon signs MOU with Shrem Infraventure Pvt Ltd
Commercial Syn Bags Ltd updates on expansion plan
IST Ltd announces inter se transfer of shares between promoters
Confidence Petroleum India Ltd calls for Board Meeting on March 27, 2017
Nalin Nayyar steps down as interim CEO of Religare Enterprises Ltd
HPCL Board to consider Dividend on March 23, 2017
Som Distilleries & Breweries Ltd starts supply of Black Fort Beer to Karnataka
Sadbhav Infrastructure Project Ltd declared L1 for HAM project by NHAI
BPCL Ltd Board to consider Dividend on Mar 23, 2017
Axis Bank Ltd calls for Board Meeting on April 25, 2017 to consider Q4 results
AVT Natural Products Ltd calls for Board Meeting on April 06, 2017
IndianOil Corporation Ltd to consider 2nd Interim Dividend for FY 2016-17
Vaibhav Global Ltd ranked No.1
Petron Engineering Ltd receives LoI from Shree Cement
Hindustan Zinc Ltd approves special interim dividend of Rs. 27.50
Hindustan Composites Ltd calls for Board Meeting on April 10, 2017
Jet Airways India Ltd approves appointment of Mr. Ranjan Mathai as an Independent Director
Gufic Biosicences Ltd calls for Board Meeting on Monday April 03, 2017
Divis Laboratories Ltd updates on import alert by US FDA
Kilburn Engineering Ltd calls for Board Meeting on Mar 29, 2017
Power Finance Corporation Ltd Fixes Record Date on 1St April, 2017
USG Tech Solutions Ltd announces change in Directorate
Himadri Speciality Chemical Ltd assigned Credit Rating by Infomerics Valuation and Rating Pvt Ltd
Essar Shipping Ltd calls for Board Meeting on Thursday, March 23, 2017 at 4:00 P.M.
Stellar Capital Services Ltd calls for Board Meeting on March 30, 2017
Emami Group pumps in Rs. 350 Crores to join hands with Sheth Corp for 50% partnership in Mulund Project
GOCL Corporation Ltd's Credit Ratings reaffirmed by ICRA
Uflex to exhibit its Holographic Prowess at Gulf Print & Pack Dubai 2017
Varun Beverages Ltd Fixes Book Closure for 22nd AGM
Bharti Infratel Ltd Board approves Dividend of Rs. 10 for 2016-17
Jauss Polymers Ltd shifts factory
RCI Industries & Technologies Ltd to expand capacity at Baddi plant
Sharda Cropchem Ltd Fixes Mar 31, 2017 as Record Date for Second Interim Dividend
Bharat Wire Ropes Ltd commences commercial production from its Chalisgaon facility
Veto Switchgears and Cables Ltd refunded Rs. 10 crore security deposit
Tasty Bite Eatables Limited to list in NSE from March 23, 2017
L&T Finance Holdings Ltd announces resignation of Ms. Kamakshi Rao as independent director
Sandesh Ltd Fixes Mar 27, 2017 as Record Date for Interim Dividend
MindTree Ltd Fixes Apr 10, 2017 as Record Date for Interim Dividend
Veljan Denison Limited announces resignation of CEO
JBF Industries Ltd accepts resignation of Independent Director
Oracle Financial Services Software Limited calls for ESOP allotment committee meeting on Apr 4, 2017
Jiya Eco-Products Ltd developes innovative and cost efficient fuel as Pellets
Fiberweb India Ltd updates on audit
PVR Ltd fixes April 1, 2017 as record date for NCD holders
Axis Bank clarifies on resignation of MD & CEO Shikha Sharma
Oracle Financial Services Software Limited calls for Board Meeting on March 29, 2017
Hemakuta Industrial Investment Company Ltd calls for Board Meeting on March 27, 2017

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2017