Other Industrial products firm Solar Industries India announced Q3FY23 results: Q3FY23: Highest ever sales in the quarter crossing Rs 1,800 crore. Highest ever net profit in the quarter crossing Rs 200 crore. Commenting on the Quarterly & Nine Month results, Mr. Manish Nuwal, Managing Director & CEO, Solar Industries India Limited said that "On the backdrop of strong performance by our International & Institutional businesses, the revenue for the quarter stands at Rs 1,812 crore up by 78% YoY & nine-month revenue stands at Rs 4,994 crore up by 90% YoY and the net profit is up by 109% YoY for the quarter & 110% YoY for nine months, which stands at Rs 219 crore and Rs 591crore respectively." "Defence revenue has crossed Rs 100 crore for the consecutive second quarter and progressing towards a yearly turnover of around Rs 400 crore. Our company has participated in various RFP's which includes RFP for one of the PINAKA variant and RFP for Drone-based loitering munitions. The defence order book now stands at Rs 817 crore." He also added "The company's intent to offer its products for space application has also started showing results after the successful launch of VIKRAM S and static test of PSOM XL rocket motor made for ISRO. The company intends to expand it further in coming years." He further added, "Amid geopolitical tensions, the risk of a higher rate of interest and economic slowdown brings in overall volatility in the business environment. Despite these challenges, our quarterly & nine-month revenue number gives us the confidence to revise our annual guidance upward from 50% to over 65% for FY23" "Going forward, we will stay focused on expanding our core businesses through continuous strategic investments to enhance the Stakeholder's value." Result PDF