Solar Industries India Ltd. Q2 FY2024 results: revenue ₹1,347 crore, down 14.0% on the year

Solar Industries India Ltd. (SOLARINDS) reported consolidated revenue from operations of ₹1,347 crore for Q2 FY2024, the quarter ended 30 September 2023, down 14.0% on the same quarter a year earlier. Profit after tax was ₹209 crore, up 10.8% on the year, and earnings per share ₹22.12. The figures are the company's own, from the unaudited results it filed with NSE on 3 November 2023.

Revenue from operations₹1,347 croredown 14.0%

Profit after tax₹209 croreup 10.8%

EPS₹22.12

QuarterQ2 FY2024ended 30 September 2023

The quarter, against the one before and a year earlier

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Revenue from operations	1,347	1,682	n/a	n/a
Other income	8	8	n/a	n/a
Total income	1,355	1,690	n/a	n/a
Cost of materials consumed	548	783	n/a	n/a
Purchases of stock-in-trade	97	127	n/a	n/a
Changes in inventories	8	52	n/a	n/a
Employee benefit expense	103	100	n/a	n/a
Finance costs	25	25	n/a	n/a
Depreciation, depletion and amortisation	34	34	n/a	n/a
Other expenses	255	297	n/a	n/a
Total expenses	1,070	1,418	n/a	n/a
Profit before exceptional items and tax	285	273	n/a	n/a
Exceptional items	0	0	n/a	n/a
Profit before tax	285	273	n/a	n/a
Current tax	77	76	n/a	n/a
Deferred tax	-2	-6	n/a	n/a
Total tax	76	71	n/a	n/a
Profit after tax	209	202	n/a	n/a
Attributable to owners of the parent	200	197	n/a	n/a
Other comprehensive income	-39	-100	n/a	n/a
Total comprehensive income	170	102	n/a	n/a
EPS, basic	₹22.12	₹21.82	n/a	n/a
EPS, diluted	₹22.12	₹21.82	n/a	n/a

₹ crore except per share.

Leverage, as the company states it

Line	Q2 FY2024	Q1 FY2024	A year earlier	Change on the year
Debt to equity	0.00	0.00	n/a
Debt service coverage	0.03	0.03	n/a

Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.

Quarterly results, the last 12 quarters

	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q1 FY2026	Q2 FY2026	Q3 FY2026	Q4 FY2026	Q1 FY2027
Sales	1,682	1,347	1,429	1,611	1,695	1,716	1,973	2,154	2,082	2,548	3,053	3,668
Expenses	1,418	1,070	1,140	1,326	1,313	1,344	1,524	1,703	1,621	1,937	2,339	2,774
Operating profit	323	336	356	354	449	445	527	535	553	708	826	1,015
OPM %	19%	25%	25%	22%	27%	26%	27%	25%	27%	28%	27%	28%
Other income	8	8	11	18	24	30	10	29	29	25	44	9
Interest	25	25	28	32	27	30	31	27	31	34	41	41
Depreciation	34	34	39	37	40	44	47	56	61	63	71	80
Exceptional items	0	0	0	0	0	0	0	0	-1	0	0	0
Profit before tax	273	285	300	303	406	402	458	481	490	636	758	903
Tax %	26%	26%	26%	21%	27%	26%	27%	27%	26%	27%	27%	27%
Net profit	202	209	222	243	301	304	338	353	362	467	556	666
EPS in ₹	₹21.82	₹22.12	₹22.47	₹25.98	₹31.66	₹31.59	n/a	₹37.43	₹38.12	₹49.31	₹60.52	₹72.11
Filing	NSE	NSE	NSE	NSE	NSE	NSE	NSE	Filing	Filing	Filing	Filing	Filing

₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.

Source

Unaudited consolidated results for the quarter ended 30 September 2023, filed with NSE on 3 November 2023: the result statement. All of Solar Industries India Ltd.'s results: NSE company page.

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