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KRChoksey Report
Solar Industries India Ltd.’s revenue from operations decreased by 20.8% YoY to Rs 491 crore (down 10.3% QoQ).
The total order book in hand at the quarter end was Rs 1,153 crore (Coal India Ltd. approximately Rs 710 crore, Singareni Collieries Company Ltd. - Rs 105 crore, Defense - Rs 338 crore).
Gross margin for the quarter stood at 45.1% (versus 42.6% in Q1 FY20), an improvement of 249 basis points YoY (down 79 basis points QoQ).
Ebitda margin of 18.7% in Q1 FY21 was down 137 basis points YoY (up 233 basis points QoQ) due to low operating leverage
Net Profit stood at Rs 42 crore for the quarter; down 40.8% YoY (down 15.7% QoQ) and earning per share stood at Rs 4.65 per share.
The total capex for the quarter was Rs 48.78 crore, while planned capex for FY21 is Rs 210 crorer.
Total net debt stood at Rs 609.1 crore versus Rs 615.6 crore in March 2020.
Debt equity ratio also improved at 0.46 times as against 0.51 times in March 2020.
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