Page 3 - Solar Industries
Solar Industries Q3 net up 14.63% at Rs 47.52 crore
Explosives and explosive accessories manufacturer Solar Industries today reported 14.63 per cent rise in consolidated net profit for the quarter ended December 31 at Rs 47.52 crore on the back of higher sales. The company had reported a net profit of Rs 41.52 crore in the corresponding quarter last fiscal. Its total income for the October-December quarter increased to Rs 463.53 crore from Rs 412.68 crore in Q3FY16, registering a growth of 12.32 per cent. "There was a growth of 12.32 per cent when we compare it on YoY basis. However, on quarter-on-quarter basis the growth is 33 per cent which shows a significant recovery. This growth came in spite of demonetisation and translational losses, which is due to devaluation in foreign currency," company's Managing Director and CEO Manish Nuwal said. He said the company has already taken effective steps to mitigate the losses arising from weakening of currency, and as a result of which, the effect of translational losses will get ...
Solar Industries bags order worth Rs 443 cr from SCCL
Firm plans to start making bulk explosives and cartridges in South Africa, with a total capacity of 30,000 metric tonnes
 "Solar Industries bags order worth Rs 443 cr from SCCL")
Solar Industries gains on bagging orders worth Rs 443 crore
The stock was up 5% at Rs 3,250 on the BSE.
 "Solar Industries gains on bagging orders worth Rs 443 crore")