Solar Industries India Ltd., a key player in the chemicals sector, has released its financial results for the quarter ended December 31, 2023. The company demonstrated resilience amidst market challenges, maintaining a stable financial performance.
Financial Highlights:
Sales: Solar Industries India Ltd. reported sales of ?1,429 crores for Q3 FY24, indicating a slight increase compared to Q2 FY24 and a notable improvement from Q3 FY23.
EBITDA: Earnings Before Interest, Taxes, Depreciation, and Amortization stood at ?356 crores, showcasing consistent performance compared to previous quarters.
PAT: Profit After Tax remained stable, reflecting the company's effective cost management strategies despite market fluctuations.
Solar Industries India Ltd.'s steady financial performance in Q3 FY24 underscores its resilience and adaptability in the chemicals sector. With a focus on operational efficiency and prudent financial management, the company remains well-positioned to navigate through market uncertainties and capitalize on growth opportunities.
Shares of Solar Industries India Limited was last trading in BSE at Rs. 6740.65 as compared to the previous close of Rs. 6625.40. The total number of shares traded during the day was 1650 in over 478 trades.
The stock hit an intraday high of Rs. 6771.20 and intraday low of 6625.00. The net turnover during the day was Rs. 11067418.00. |
