Solar Industries India532725Explosives and defense
Solar Industries' joint CFO said the company expects to surpass its FY revenue guidance of 14,000 crore rupees and maintain margins around 28% for the year, after a strong first half
By ScoutQuest · · 1 min read
- FY revenue guidance
- 14,000 crore rupees
- H1 revenue as % of guidance
- 51 percent
- H1 margin
- 28.45 percent
- Commercial explosives revenue growth YoY
- 60 percent
- Commercial explosives revenue decline QoQ
- 30 percent
Heard on business television between 09:33:00 - 09:36:00 IST.
- H1 revenue reached 51% of the FY guidance of 14,000 crore rupees, with H2 traditionally stronger, prompting confidence of surpassing the guidance.
- CFO Shalini Mandana said exact beat size could not be given due to commodity price volatility and ongoing geopolitical crisis.
- H1 margin stood at 28.45%, and the company expects margins to continue at similar levels.
- Commercial explosives revenue was up 60% year-on-year but down about 30% quarter-on-quarter due to weak monsoon season demand.
- Ammonium nitrate prices fell about 25% quarter-on-quarter but were volatile; the company said efficient supply chain management meant little impact on margins.
- FY28 EBIT guidance was given as around 7,000 crore rupees, including contribution from the Omnia acquisition.
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