Solar Industries India Net Profit Rises 23.31 Percent in the September 2017 Quarter

The Company reported net sales of Rs. 408.40 crore compared to Rs. 313.36 cr for the period ended September 30, 2016.

Net profit of Solar Industries India has reported a 24 percent increase for the September quarter. The company has posted a net profit of Rs. 45.74 crore for the period ended September 30, 2017 as against Rs.39.13 crores during the same period previous fiscal.

According to the statement, the company has reported net sales of Rs. 408.40 crore compared to Rs. 313.36 cr for the period ended September 30, 2016.

“The good results were due to Indian government’s strong emphasis on creating world class infrastructure, housing for all and improved sentiments in the overseas market,”said Manish Nuwal, Managing Director and CEO, Solar Industries India Ltd.

The stock closed 0.64 per cent down at Rs 1,087.25 on BSE.

Founded in 1995, by Shri Satyanarayan Nandlal Nuwal, Solar Industries India Ltd.,is India’s largest manufacturer and exporter of commercial explosives and explosives initiating systems.

Source: PTI