Q4FY21 Result Update - Solar Industries India - ICICI Direct

Solar Industries (SIL) reported robust numbers for Q4FY21 owing to favourable macros. The topline jumped 45% led by an all-round performance from coal, housing & infra and exports segments. Further, positive operating leverage kept margins buoyant. With the strong performance in Q4, Solar posted growth of 12% on FY20 base overcoming a difficult year with ease. The company has also announced a dividend of Rs. 6/share during the quarter. Revenue for the quarter came in at Rs. 791.39 crore, up 45% YoY, 22.5% QoQ. Gross margins contracted ~105 bps YoY, 73 bps QoQ on account of higher input costs. Nonetheless, positive operating leverage aided EBIDTA margins, which came in at 20.8% vs. 16.4% YoY, 20.5% QoQ. EBIDTA came in at Rs. 164.6 crore, up 83.4% YoY, 24% QoQ. PAT (post minority interest) was at Rs. 91 crore in Q4FY21 vs. Rs. 78 crore in Q3FY21 and Rs. 50 crore in Q4FY20.

For details, click on the link below: Link to the report

Shares of SOLAR INDUSTRIES INDIA LTD. was last trading in BSE at Rs.1556.65 as compared to the previous close of Rs. 1401.55. The total number of shares traded during the day was 53409 in over 5273 trades.

The stock hit an intraday high of Rs. 1600 and intraday low of 1416.55. The net turnover during the day was Rs. 82754144.

Source : Equity Bulls

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