Solar Industries, one of the largest packaged explosives manufacturing companies, has reported an 11 per cent increase in its March quarter net profit at Rs 75 crore, on the back of a major order from housing and infrastructure projects.
Revenue in the quarter under review was up 17 per cent at Rs 673 crore. The company has announced a final dividend of Rs 7 per share.
Solar Industries’ revenue from housing and infrastructure projects was up 44 per cent at Rs 234 crore (Rs 163 crore), while revenue from Coal India increased to Rs 129 crore (Rs 108 crore). Revenue from the defence sector jumped four times to Rs 57 crore (Rs 19 crore).
