Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
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
S A A R T H I
Trinity Investments
Exchange Information
BSE 2009 Holidays
NSE 2009 Holidays
Investor Guide
Depository & Dematerialisation
Grievance Redressal
Investor Guide
SEBI
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
IPOs
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
Research
Arbitrages
Equity
Market Whispers
Tax Planning
Home
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 feedback@equitybulls.com





Other Headlines:

Ipca Laboratories Limited appoints CreateID8 for Brand Strategy and Design
Indiabulls Real Estate Ltd acquires 10.08% stake in Indiabulls Infraestate Limited
Pecos Hotels and Pubs Ltd receives notice from Excise Department
Non-Executive Independent Director quits OK Play India Ltd
Sam Industries Ltd accepts resignation of independent director
Sangam Advisors Ltd receives 'Letter of Award' by Maharashtra State Power Generation Corporation
3i Infotech Ltd calls for Board Meeting on July 22, 2017
Avonmore Capital & Management Services Limited receives approval for stake sale
Rajputana Investment and Finance Ltd Board recommends Bonus Issue
Everest Industries Ltd to announce Q1 results on July 26, 2017
Marico Ltd appoints additional independent director
TCS BaNCS to Power Canada's premier exchange TMX Group with a new consolidated technology Platform
Monnet Project Developers Ltd announces resignation of company secretary
Richa Industries Ltd calls for Board Meeting on June 30, 2017
Sudarshan Chemical Industries Ltd to approve Q1 results on Aug 10, 2017
HGS recognized as Best Champion Employer under DDU-GKY by Ministry of Rural Development, Government of India
GIC Housing Finance Ltd to consider Q1 results on July 24, 2017
Sona Koyo Steering Systems Ltd announces sad demise of independent director
Tata Sponge Iron Limited calls for Board Meeting on July 21, 2017
HCL's 'VelocITy' Attains 'VMware Validated Design 4.0' Certification from VMware
K P Energy orders Windcube
Brickworks Rating upgrades rating of Sanwaria Agro Oils Ltd
Taparia Tools Limited appoints independent director
Nectar Lifesciences Ltd Board recommends Final Dividend of Rs. 0.05 for 2016-17
Stampede Capital Ltd updates on associate company
Confidence Petroleum India Limited arm commissions new unit near Nagpur
BHEL bags EPC order for 15 MW Solar Photovoltaic Power Plant
Gujarat Terce Laboratories Ltd appoints independent director
Indian Papayas shipped by Sea packed in Uflex's Flexfresh create ripples in Dubai Market
PSP Projects Ltd receives award from Realty Plus Excellence Awards Gujarat 2017
PTron unveils "Spark" Bluetooth sporty magnetic headset! Exclusively on LatestOne.com
Larsen & Toubro Infotech Ltd Powers its Mosaic Decisions Platform with Microsoft Azure and Microsoft Cortana Intelligence Suite
Winsome Textile Industries Ltd announces resignation of company secretary
Mindteck India Limited receives LOA from Bhopal Municipal Corporation
Reliance Infrastructure Ltd clarifies on spinning off transport business
Zydus receives final approval from the USFDA for Entecavir Tablets
L&T Construction Wins Orders Valued Rs.2552 Crores
SAIL clarifies on disinvestment news
Natco receives final approval for generic Azacitidine for injection Vidaza® for US market
Wintac Ltd promoter changes name as Veego Pharma, LLC
Glenmark Pharmaceuticals receives ANDA Approval for Indomethacin Extended-Release Capsules USP, 75 mg
Sun Pharma & NIV sign agreement to fight Zika, Chikungunya and Dengue
Valecha Engineering Limited bags project worth Rs. 294.40 Crores
Bajaj Healthcare Ltd announces resignation of Company Secretary
Infibeam Incorporation Ltd Board to consider Stock Split of Equity Share
Hinduja Ventures Ltd allotted shares of Hinduja Leyland Finance Ltd
Kkalpana Industries India Ltd approves appointment of additional director
Valecha Engineering Ltd appoints Whole Time Director
Competent Automobiles Company Ltd appoints new CFO
Morganite Crucible India Ltd to acquire further 49% in Diamond Crucible Company Ltd


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

disclaimer copyright © 2005 - 2017