Annual Results Results Snapshot
Figures in Rs cr
Consolidate Annual Results
Mar'24
Mar'23
Mar'22
Mar'21
Mar'20
Mar'19
Mar'18
Net Sales
6,069.52
6,922.53
3,947.61
2,515.63
2,237.30
2,461.57
1,951.47
Other Operating Income
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Total Operating income
6,069.52
6,922.53
3,947.61
2,515.63
2,237.30
2,461.57
1,951.47
Raw Material Cost
2,709.97
3,819.54
2,301.13
1,185.08
1,103.78
1,253.46
1,060.59
Purchase of Finished goods
402.58
560.22
66.25
199.37
153.36
137.34
40.39
(Increase) / Decrease In Stocks
83.62
-37.39
-40.05
-37.68
-42.14
10.14
-37.40
Employee Cost
433.46
352.72
289.63
230.64
206.62
184.20
142.36
Power Cost
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Manufacturing Expenses
0.00
0.00
0.00
0.00
0.00
0.00
298.63
Selling and Distribution Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Expenses
1,070.68
938.52
583.39
423.62
381.36
374.49
35.35
Total Expenditure (Excl Depreciation)
4,700.31
5,633.61
3,200.35
2,001.03
1,802.98
1,959.63
1,539.92
Operating Profit (PBDIT) excl Other Income
1,369.21
1,288.92
747.26
514.60
434.32
501.94
411.55
Other Income
44.47
31.52
19.66
21.42
41.05
14.72
12.10
Operating Profit (PBDIT)
1,413.68
1,320.44
766.92
536.02
475.37
516.66
423.65
Interest
109.37
90.38
50.25
45.39
55.04
49.87
32.72
Exceptional Items
0.00
0.00
0.00
0.00
0.00
-6.05
0.00
Gross Profit (PBDT)
1,304.31
1,230.06
716.67
490.63
420.33
460.74
390.93
Depreciation
143.38
128.21
109.25
93.53
84.53
58.89
51.29
Profit Before Tax
1,160.93
1,101.85
607.42
397.10
335.80
401.85
339.64
Tax
286.05
290.41
151.95
109.03
57.13
125.05
106.05
Provisions and contingencies
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Profit After Tax
874.88
811.44
455.47
288.07
278.67
276.80
233.59
Extraordinary Items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Net Profit
874.88
811.44
455.47
288.07
278.67
276.80
233.59
Share in Profit of Associates
0.35
-0.27
0.00
0.00
0.00
0.00
0.00
Minority Interest
-39.30
-53.98
-14.19
-11.72
-11.24
-15.19
-13.04
Other related items
0.00
0.00
0.00
0.00
0.00
0.00
0.00
Consolidated Net Profit
835.93
757.19
441.28
276.35
267.43
261.61
220.55
Equity Capital
18.10
18.10
18.10
18.10
18.10
18.10
18.10
Face Value
2.0
2.0
2.0
2.0
2.0
2.0
2.0
Reserves
3,287.50
2,592.24
1,896.18
1,561.31
1,361.99
1,220.23
1,065.76
Earnings per share (EPS)
92.37
83.67
48.76
30.54
29.55
28.91
24.37
Diluted Earnings per share
92.38
83.68
48.77
30.54
29.55
28.91
24.37
Operating Profit Margin (Excl OI)
22.56%
18.62%
18.93%
20.46%
19.41%
20.39%
21.09%
Gross Profit Margin
21.49%
17.77%
18.15%
19.5%
18.79%
18.72%
20.03%
PAT Margin
14.42%
11.72%
11.54%
11.45%
12.46%
11.24%
11.97%
Public Share Holdings (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Pledged Promotor Holding (%)
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
0.0%
Annual Analysis Highlights
Net Sales
YoY Growth in year ended Mar 2024 is -12.32% vs 75.36% in Mar 2023
Consolidate Net Profit
YoY Growth in year ended Mar 2024 is 10.40% vs 71.59% in Mar 2023
Operating Profit (PBDIT) excl Other Income
YoY Growth in year ended Mar 2024 is 6.23% vs 72.49% in Mar 2023
Interest
YoY Growth in year ended Mar 2024 is 21.01% vs 79.86% in Mar 2023
Operating Profit Margin (Excl OI)
YoY Growth in year ended Mar 2024 has improved from Mar 2023
Compare Annual Results Of Solar Industries With
Figures in Rs cr
Consolidate Annual Results
Change(INR)
Change(%)
Net Sales
6,069.52
4,281.00
1,788.52
41.78%
Other Operating Income
0.00
0.00
0.00
Total Operating income
6,069.52
4,281.00
1,788.52
41.78%
Raw Material Cost
2,709.97
1,547.00
1,162.97
75.18%
Purchase of Finished goods
402.58
0.00
402.58
(Increase) / Decrease In Stocks
83.62
-127.00
210.62
165.84%
Employee Cost
433.46
350.00
83.46
23.85%
Power Cost
0.00
780.00
-780.00
-100.00%
Manufacturing Expenses
0.00
33.00
-33.00
-100.00%
Selling and Distribution Expenses
0.00
0.00
0.00
Other Expenses
1,070.68
743.00
327.68
44.10%
Total Expenditure (Excl Depreciation)
4,700.31
3,326.00
1,374.31
41.32%
Operating Profit (PBDIT) excl Other Income
1,369.21
955.00
414.21
43.37%
Other Income
44.47
59.00
-14.53
-24.63%
Operating Profit (PBDIT)
1,413.68
1,014.00
399.68
39.42%
Interest
109.37
133.00
-23.63
-17.77%
Exceptional Items
0.00
0.00
0.00
Gross Profit (PBDT)
1,304.31
881.00
423.31
48.05%
Depreciation
143.38
286.00
-142.62
-49.87%
Profit Before Tax
1,160.93
595.00
565.93
95.11%
Tax
286.05
160.00
126.05
78.78%
Provisions and contingencies
0.00
0.00
0.00
Profit After Tax
874.88
435.00
439.88
101.12%
Extraordinary Items
0.00
0.00
0.00
Prior Period Expenses
0.00
0.00
0.00
Other Adjustments
0.00
0.00
0.00
Net Profit
874.88
435.00
439.88
101.12%
Share in Profit of Associates
0.35
0.00
0.35
Minority Interest
-39.30
0.00
-39.30
Other related items
0.00
0.00
0.00
Consolidated Net Profit
835.93
435.00
400.93
92.17%
Equity Capital
18.10
11.00
7.10
64.55%
Face Value
2.00
1.00
0.00
Reserves
3,287.50
5,925.00
-2,637.50
-44.51%
Earnings per share (EPS)
92.37
39.55
52.82
133.55%
Diluted Earnings per share
92.38
39.60
52.78
133.28%
Operating Profit Margin (Excl OI)
22.56%
22.31%
0.00
0.25%
Gross Profit Margin
21.49%
20.58%
0.00
0.91%
PAT Margin
14.42%
10.16%
0.00
4.26%
Public Share Holdings (%)
0.00%
0.00%
0.00
0.00%
Pledged Promotor Holding (%)
0.00%
0.00%
0.00
0.00%
Annual - Net Sales
Net Sales 6,069.52 Cr
in Mar 2024Figures in Rs Cr
YoY Growth in year ended Mar 2024 is -12.32% vs 75.36% in Mar 2023
Annual - Consolidate Net Profit
Consolidate Net Profit 835.93 Cr
in Mar 2024Figures in Rs Cr
YoY Growth in year ended Mar 2024 is 10.40% vs 71.59% in Mar 2023
Annual - Operating Profit (PBDIT)
Operating Profit (PBDIT) 1,369.21 Cr
in Mar 2024Figures in Rs Cr
YoY Growth in year ended Mar 2024 is 6.23% vs 72.49% in Mar 2023
Annual - Interest
Interest 109.37 Cr
in Mar 2024Figures in Rs Cr
YoY Growth in year ended Mar 2024 is 21.01% vs 79.86% in Mar 2023
Annual - Operating Profit Margin (Excl OI)
Operating Profit Margin (Excl OI) 22.56%
in Mar 2024Figures in Rs %
YoY Growth in year ended Mar 2024 has improved from Mar 2023
InfinHub Market Technologies FZ-LLC, Building-2, Unit 112, Dubai Internet City, Dubai, United Arab Emirates
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