Solar Industries India Ltd consolidated Q1FY23 net profit up at Rs. 170.21 crores

Solar Industries India Limited has reported Consolidated financial results for the period ended June 30, 2022.

Financial Results (Q1 FY2023) - QoQ Comparison

The company has reported total income of Rs. 1624.22 crores during the period ended June 30, 2022 as compared to Rs. 1317.62 crores during the period ended March 31, 2022.

The company has posted net profit / (loss) of Rs. 170.21 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs. 167.89 crores for the period ended March 31, 2022.

The company has reported EPS of Rs. 18.81 for the period ended June 30, 2022 as compared to Rs. 18.55 for the period ended March 31, 2022.

Financials	Q1 FY2023	Q4 FY2022	% Change
Total Income	₹ 1624.22 crs	₹1317.62 crs	23.27%
Net Profit	₹170.21 crs	₹167.89 crs	1.38%
EPS	₹18.81	₹18.55	1.40%

Financial Results (Q1 FY2023) - YoY Comparison

The company has reported total income of Rs. 1624.22 crores during the period ended June 30, 2022 as compared to Rs.826.03 crores during the period ended June 30, 2021.

The company has posted net profit / (loss) of Rs.170.21 crores for the period ended June 30, 2022 as against net profit / (loss) of Rs.97.51 crores for the period ended June 30, 2021.

The company has reported EPS of Rs.18.81 for the period ended June 30, 2022 as compared to Rs.10.78 for the period ended June 30, 2021.

Financials	Q1 FY2023	Q1 FY2022	% Change
Total Income	₹ 1624.22 crs	₹826.03 crs	96.63%
Net Profit	₹170.21 crs	₹97.51 crs	74.56%
EPS	₹18.81	₹10.78	74.49%

Shares of Solar Industries India Limited was last trading in BSE at Rs. 2816.10 as compared to the previous close of Rs. 2723.00. The total number of shares traded during the day was 4555 in over 1069 trades.

The stock hit an intraday high of Rs. 2873.20 and intraday low of 2739.65. The net turnover during the day was Rs. 12868071.00.

Source : Equity Bulls

Keywords

SolarIndustriesIndia Q1FY23 ResultUpdate