Solar Industries Q4 Review - Resilient Performance, Better Outlook: ICICI Direct
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ICICI Direct Report
Solar Industries India Ltd. reported robust numbers for Q4 FY21 owing to favourable macros.
The topline jumped 45% led by an all-round performance from coal, housing and infra and exports segments.
Further, positive operating leverage kept margins buoyant.
With the strong performance in Q4, the company 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 basis points YoY, 73 basis points QoQ on account of higher input costs.
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