Solar Industries Ind Q1 net profit up 13.79% at Rs 79.86 cr
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The company reported standalone net profit of Rs 79.86 crore for the quarter ended June 30, 2022 as compared to Rs 70.18 crore in the same period last year, registering a year-on-year growth of 13.79 per cent. Net revenue of the company rose substantially by 85.30 per cent at Rs 987.80 crore in April-June quarter of this fiscal as against Rs 533.07 crore in the corresponding period last year.
During April-June quarter, operating expenses increased by 101.63 per cent to Rs 881.64 crore from Rs 437.25 crore in year ago period. Other Income grew by 77.56 per cent at Rs 17.72 crore versus (Jun'21 Rs 9.98 crore). Operating Profit surged by 10.79 per cent to Rs 106.16 crore as against Rs 95.82 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 40.21 per cent in June quarter. Interest grew by 135.14 per cent y-o-y to Rs 2.61 crore, while Taxation increased by 14.36 per cent at Rs 27.64 crore (Jun'21 Rs 24.17 crore).
