{"id":300071,"date":"2019-11-08T11:18:02","date_gmt":"2019-11-08T05:48:02","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=300071"},"modified":"2019-11-08T11:33:35","modified_gmt":"2019-11-08T06:03:35","slug":"solar-industries-profit-jumps-61-on-tax-write-back","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/solar-industries-profit-jumps-61-on-tax-write-back\/","title":{"rendered":"Solar Industries\u2019 profit jumps 61% on tax write back"},"content":{"rendered":"<p>Solar Industries, a packaged explosive manufacturing company, has reported 61 per cent jump in September quarter net profit at \u20b987 crore against \u20b954 crore largely due to lower tax. <\/p>\n<p>Revenue of the company was down at \u20b9507 crore (\u20b9521 crore) due weak economic activity. <\/p>\n<p>The company logged a deferred tax write back of \u20b927 crore (\u20b93 crore) and lower current tax of \u20b918 crore against \u20b932 crore recorded in same period last year. <\/p>\n<p>In line with its strategic decision to cater propulsion system for space application, the company has decided to make an equity investment of \u20b917.50 crore in Sky Root, a start-up which is entering into the business of launching small satellites in two years. The company has also received supply order from ISRO.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solar Industries, a packaged explosive manufacturing company, has reported 61 per cent jump in September quarter net profit at \u20b987 crore against \u20b954 crore largely due to lower tax. Revenue of the company was down at \u20b9507 crore (\u20b9521 crore) due weak economic activity. The company logged a deferred tax write back of \u20b927 crore (\u20b93 crore) and lower current tax of \u20b918 crore against \u20b932 crore recorded in same period last year. In line with its strategic decision to cater propulsion system for space application, the company has decided to make an equity investment of \u20b917.50 crore in Sky [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[],"class_list":["post-300071","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=300071"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/300071\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=300071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=300071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=300071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}