Solar Industries India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2022
January 25, 2023 at 03:40 am EST
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Solar Industries India Limited reported earnings results for the third quarter and nine months ended December 31, 2022. For the third quarter, the company reported sales was INR 18,117.5 million compared to INR 10,178.7 million a year ago. Revenue was INR 18,189.9 million compared to INR 10,249.4 million a year ago. Net income was INR 2,045.8 million compared to INR 1,020.9 million a year ago. Basic earnings per share from continuing operations was INR 22.61 compared to INR 11.28 a year ago. Diluted earnings per share from continuing operations was INR 22.61 compared to INR 11.28 a year ago.
For the nine months, sales was INR 49,939.9 million compared to INR 26,307.6 million a year ago. Revenue was INR 50,141.7 million compared to INR 26,496.5 million a year ago. Net income was INR 5,511.7 million compared to INR 2,733.9 million a year ago. Basic earnings per share from continuing operations was INR 60.91 compared to INR 30.21 a year ago. Diluted earnings per share from continuing operations was INR 60.91 compared to INR 30.21 a year ago.
Solar Industries India Limited is an India-based integrated global explosives company. The Company is primarily involved in the manufacturing of complete range of industrial explosives and explosive initiating devices. Its segment is Explosives and its accessories. The Company's products include industrial explosives and defense. Its industrial explosives products include packaged emulsion explosives, bulk explosives and explosive initiating systems. It is a domestic manufacturer of bulk and cartridge explosives, detonators, detonating cords and components. The Company's defense products include high energy materials, such as HMX, RDX, TNT and their compounds; composite propellants for Pinaka, Akash, Brahmos, PSOMXL and Skyroot, among others; 30 mm ammunition, multi-mode hand grenade, mines, warheads, bund blasting device; artillery fuses, ASW fuses, Pyros and igniters; chaff payloads; loitering munition; rocket integration, and explosives filling of ammunition.
SOLAR INDUSTRIES INDIA LIMITED 
