Solar Industries Q4 Review - Resilient Performance, Better Outlook: ICICI Direct

Multi mode hand grenades for defence manufactured by Solar Industries India Ltd. (Source: Company website).

Solar Industries Q4 Review - Resilient Performance, Better Outlook: ICICI Direct


BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

ICICI Direct Solar Industries Q4FY21 Result Update.pdf


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