Solar Industries India Limited's shares rose 3% on February 6, 2025, following a remarkable 55% year-on-year increase in net profit for Q3 FY25. The company's stock opened at ₹9,899 apiece after announcing its financial results on February 5, 2025. Investors looking to buy shares online have taken notice of the company's strong earnings, which highlight its robust business expansion.
In Q3 FY25, Solar Industries India reported a consolidated net profit of ₹314.87 crores, a significant jump from ₹203.33 crores in Q3 FY24. The company's revenue from operations also surged over 38% to ₹1,973.08 crores, compared to ₹1,429.14 crores in the previous year. Total income stood at ₹1,983 crores, reflecting a 30% year-on-year rise, while total expenses increased by nearly 34% to ₹1,524.47 crores.
EBITDA growth and market outlook
Solar Industries India's EBITDA rose by 38% year-on-year, reaching ₹536 crores in Q3 FY25. The company also reported an improved EBITDA margin of 27.17%, reflecting operational efficiency. Despite domestic challenges such as elections and monsoon disruptions, its international business recorded a 21% year-on-year growth, contributing ₹758 crores in revenue.
Given this strong financial performance, many investors are eager to buy shares online, recognising Solar Industries India's global footprint and strategic expansion. With 40 manufacturing facilities and a presence in over 82 countries, the company remains a dominant force in the industry.
Summing up
Solar Industries India Limited's shares increased by almost 3% following the announcement of a 55% year-on-year growth in net profit for the Q3 of FY25. The company’s shares began trading at ₹9,899 each. They reported a consolidated net profit of ₹314.87 crores for the third quarter of the ongoing financial year, marking a 55% increase compared to ₹203.33 crores in the same quarter of the last financial year.
As of 12:30 PM on February 6, 2025, the price stood at ₹9,235. This strong performance, combined with growing global demand and strategic international expansion, suggests a promising growth trajectory, making it an attractive opportunity for those looking to buy shares online.
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