Sunday , 25 August 2019
Breaking News

Solar Industries surges on reporting 11% rise in Q4 consolidated net profit

Solar Industries India is currently trading at Rs. 1077.05, up by 13.00 points or 1.22% from its previous closing of Rs. 1064.05 on the BSE.

The scrip opened at Rs. 1056.30 and has touched a high and low of Rs. 1077.05 and Rs. 1018.00 respectively.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 1320.00 on 06-Aug-2018 and a 52 week low of Rs. 923.60 on 21-Feb-2019.

Last one week high and low of the scrip stood at Rs. 1088.90 and Rs. 1018.00 respectively. The current market cap of the company is Rs. 9746.23 crore.

The promoters holding in the company stood at 73.15%, while Institutions and Non-Institutions held 21.66% and 5.20% respectively.

The company has reported a rise of 39.49% in its net profit at Rs 58.10 crore for the quarter ended March 31, 2019 as compared to Rs 41.65 crore for the same quarter in the previous year. Total income of the company increased by 22.10% at Rs 486.86 crore for quarter under review as compared to Rs 398.74 crore for the quarter ended March 31, 2018.

On consolidated basis, the company has reported rise of 11% in its net profit at Rs 75.23 crore for the quarter ended March 31, 2019 as compared to Rs 67.78 crore for the corresponding quarter in the FY18. Total consolidated income of the company rose 16.66% at Rs 675.55 crore for quarter under review as compared to Rs 579.10 crore for the same quarter ended previous year.

For the year ended March 31, 2019, the company has posted a rise of 42.61% in its net profit at Rs 191.47 crore as compared to Rs 134.26 crore for the previous year. However, total income of company increased 27.26% at Rs 1684.44 crore for year under review as compared to Rs 1323.58 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has posted rise of 18.50% in its net profit at Rs 276.80 crore as compared to Rs 233.59 crore for the previous year. Total income of company increased by 26.11% at Rs 2476.29 crore for year under review as compared to Rs 1963.57 crore for year ended March 31, 2018.



Solar Industries surges on reporting 11% rise in Q4 consolidated net profit appeared first on Udaipur News | Udaipur Latest News | udaipur local news.