Solar Industries India Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
January 29, 2022 at 10:44 am
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Solar Industries India Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 10,178.7 million compared to INR 6,458.5 million a year ago. Revenue was INR 10,249.4 million compared to INR 6,590.8 million a year ago. Net income was INR 1,020.9 million compared to INR 780.4 million a year ago. Basic earnings per share from continuing operations was INR 11.28 compared to INR 8.62 a year ago. Diluted earnings per share from continuing operations was INR 11.28 compared to INR 8.62 a year ago.
For the nine months, sales was INR 26,307.6 million compared to INR 17,242.4 million a year ago. Revenue was INR 26,496.5 million compared to INR 17,432.2 million a year ago. Net income was INR 2,733.9 million compared to INR 1,853.3 million a year ago. Basic earnings per share from continuing operations was INR 30.21 compared to INR 20.48 a year ago. Diluted earnings per share from continuing operations was INR 30.21 compared to INR 20.48 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 
