Solar Industries India Ltd's Q3FY25 Quarterly Results

Result Summary

• Solar Industries India Ltd reported a 13.5% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 37.7%.
• Its expenses for the quarter were up by 13.4% QoQ and 33.8% YoY.
• The net profit increased 11.1% QoQ and increased 52.1% YoY.
• The earnings per share (EPS) of Solar Industries India Ltd stood at 34.8 during Q3FY25.

Financial Statments for Q3FY25

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Solar Industries India Ltd is a leading company in the explosives industry, primarily involved in the manufacturing, sale, and distribution of industrial explosives and defense products. The company caters to sectors such as mining, infrastructure, and construction, and has expanded its portfolio to include defense products, which align with initiatives like "Make in India." The firm has seen growth in both domestic and international markets, leveraging its extensive manufacturing capabilities and a broad distribution network. Recent developments include strategic partnerships and investments in research and development to enhance product offerings and improve sustainable practices. However, specific recent events beyond this overview are not detailed in the provided data.

Revenue

During the third quarter of the fiscal year 2025, Solar Industries India Ltd reported a total income of ₹1982.62 crores. This represents a quarter-over-quarter increase of 13.5% from ₹1746.28 crores in the previous quarter, Q2FY25, and a year-over-year increase of 37.7% from ₹1440.05 crores in Q3FY24. The revenue growth indicates strong performance relative to both the previous quarter and the same quarter last year. This upward trajectory in revenue suggests effective business operations and possibly increased demand for the company’s products.

Profitability

Solar Industries India Ltd's profitability in Q3FY25 is evidenced by a profit before tax of ₹458.15 crores, which marks a 14.0% increase from Q2FY25’s ₹401.87 crores and a 52.6% increase from Q3FY24’s ₹300.26 crores. The company incurred a tax expense of ₹121.61 crores this quarter, up from ₹103.19 crores in the previous quarter and ₹76.99 crores in the same quarter last year, reflecting increases of 17.9% QoQ and 58.0% YoY. Consequently, the profit after tax stands at ₹337.50 crores, which is 11.1% higher than Q2FY25 and 52.1% higher than Q3FY24. The earnings per share for Q3FY25 is reported at ₹34.80, showing a 10.1% increase from the previous quarter and a 54.7% increase from the same quarter last year. These figures highlight the company's strong profitability growth over both timeframes.

Operating Metrics

Examining the operating metrics of Solar Industries India Ltd reveals that total expenses for Q3FY25 were ₹1524.47 crores. This represents a 13.4% increase from the previous quarter's ₹1344.41 crores, and a 33.8% increase from the same quarter the previous year, when expenses were ₹1139.79 crores. The steady increase in total expenses aligns with the overall revenue growth, indicating proportional scaling in operations. The company maintains a focus on efficient cost management to sustain profitability alongside revenue growth. The financial data does not include further specific operating ratio calculations or debt details, hence metrics such as P/E ratio, debt-to-equity ratio, and current ratio are not calculated from the provided data.