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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 27.34 % in the past year, substantial increase in net sales/revenue by 1.24 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 294.43 %. Marginal increase in other income during this quarter, up by 25.36%.
- Profit over the Year and quarter: Significant improvement in profitability for Solar Industries India Limited. Notable increase of 45.36 % in net profit Year to Year, Solar Industries India Limited’s profitability increased by 1.08 % in this quarter.
- EPS over the Year and quarter: EPS increased by 42.81 % Year to Year. EPS decreased by -0.22 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1347.46 Cr | Rs. 1694.78 Cr | Rs. 1715.83 Cr | + 1.24 % | + 27.34 % |
| Expenses | Rs. 1012.09 Cr | Rs. 1245.4 Cr | Rs. 1271.06 Cr | + 2.06 % | + 25.59 % |
| Operating Profit | Rs. 335.37 Cr | Rs. 449.38 Cr | Rs. 444.77 Cr | -1.03 % | + 32.62 % |
| OPM % | 24.89 % | 26.52 % | 25.92 % | -0.6 % | + 1.03 % |
| Other Income | Rs. 7.72 Cr | Rs. 24.29 Cr | Rs. 30.45 Cr | + 25.36 % | + 294.43 % |
| Interest | Rs. 24.89 Cr | Rs. 27.47 Cr | Rs. 29.74 Cr | + 8.26 % | + 19.49 % |
| Depreciation | Rs. 33.67 Cr | Rs. 39.98 Cr | Rs. 43.61 Cr | + 9.08 % | + 29.52 % |
| Profit before tax | Rs. 284.53 Cr | Rs. 406.22 Cr | Rs. 401.87 Cr | -1.07 % | + 41.24 % |
| Tax % | 26.48 % | 26.53 % | 25.68 % | -0.85 % | -0.8 % |
| Net Profit | Rs. 208.99 Cr | Rs. 300.54 Cr | Rs. 303.78 Cr | + 1.08 % | + 45.36 % |
| EPS in Rs | Rs. 22.12 | Rs. 31.66 | Rs. 31.59 | -0.22 % | + 42.81 % |
Today, we’re looking at Solar Industries India Limited’s financial performance for the Q2(Sep 2024-25).Starting with the top line, the company reported a robust year-over-year sales growth of 27.34 %. However, it did see a marginal increase of 1.24 % from the previous quarter. Expenses ticked up slightly by 2.06 % quarter-on-quarter, aligning with the annual rise of 25.59 %. Operating profit, while up 32.62 % compared to last year, faced a quarter-on-quarter dip of -1.03 %, signaling a short-term contraction in margins.
The Operating Profit Margin (OPM) % echoes this narrative, showing resilience on an annual basis with an increase of 1.03 %, but a shrinkage of -0.6 % sequentially. Other income rose by 25.36 % compared to the last quarter, despite an annual growth of 294.43 %. Interest expenses surged remarkably by 8.26 % from the previous quarter, yet the year-over-year increase remains at a moderate 19.49 %. Depreciation costs climbed by 9.08 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 29.52 %. Profit before tax grew annually by 41.24 % but saw a reduction from the preceding quarter by -1.07 %.
Tax expenses as a percentage of profits decreased slightly by -0.8 % compared to last year, with a more notable quarter-on-quarter decrease of -0.85 %. Net profit rose by 45.36 % year-on-year but experienced a 1.08 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 42.81 % but a quarterly fall of -0.22 %. In summary, Solar Industries India Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1347.46 Cr | Rs. 1694.78 Cr | Rs. 1715.83 Cr | + 1.24 % | + 27.34 % |
| Expenses | Rs. 1012.09 Cr | Rs. 1245.4 Cr | Rs. 1271.06 Cr | + 2.06 % | + 25.59 % |
| Operating Profit | Rs. 335.37 Cr | Rs. 449.38 Cr | Rs. 444.77 Cr | -1.03 % | + 32.62 % |
| Net Profit | Rs. 208.99 Cr | Rs. 300.54 Cr | Rs. 303.78 Cr | + 1.08 % | + 45.36 % |
| EPS in Rs | Rs. 22.12 | Rs. 31.66 | Rs. 31.59 | -0.22 % | + 42.81 % |
In reviewing Solar Industries India Limited’s 2024-25(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 27.34 % year-on-year growth, however, there was a minor increase of 1.24 % from the previous quarter. Expenses rose by 25.59 % compared to the previous year, with a 2.06 % increase quarter-on-quarter. Operating Profit surged by 32.62 % annually, and saw a -1.03 % decrease from the last quarter.
Net Profit showed yearly increase of 45.36 %, and experienced a 1.08 % increase from the previous quarter. Earnings Per Share (EPS) rose by 42.81 % annually, however dipped by -0.22 % compared to the last quarter. In essence, while Solar Industries India Limited exhibits strong annual growth indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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