Solar Industries India Reports Record Quarterly Sales and Profit Growth for December 2024
Solar Industries India has announced strong financial results for the quarter ending December 2024, achieving record net sales of Rs 1,973.08 crore and significant growth in operating profit and profit after tax. The company also improved its debt-equity ratio, reflecting effective capital management despite a decline in the debtors turnover ratio.
Solar Industries India has recently reported its financial results for the quarter ending December 2024, showcasing a very positive performance. The company's score has undergone an adjustment in evaluation, reflecting a notable shift from the previous period. In terms of financial metrics, Solar Industries achieved its highest quarterly net sales at Rs 1,973.08 crore, marking a significant year-on-year growth of 38.06%. The operating profit also reached a peak of Rs 526.54 crore, with an operating profit margin of 26.69%, indicating enhanced efficiency in operations. Furthermore, the profit before tax (PBT) stood at Rs 449.57 crore, demonstrating a robust year-on-year growth of 56.09%. Similarly, the profit after tax (PAT) was reported at Rs 314.87 crore, reflecting a year-on-year increase of 54.9%.
On the balance sheet front, Solar Industries has successfully reduced its debt-equity ratio to 0.32 times, the lowest in the last five half-yearly periods, indicating a prudent approach to managing its capital structure. However, the debtors turnover ratio has shown a decline, suggesting a slower pace in settling receivables.
Overall, the financial results highlight a strong operational performance for Solar Industries India, with several key metrics reaching new highs.
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