Indosolar September-quarter profit rises sharply; borrowings fall to zero
WAAREEINDO · price
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By the next day the stock moved 5.3 pts less than Nifty Microcap 250 and 5.1 pts less than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Indosolar's unaudited September-quarter revenue was Rs 20,254.79 lakh and net profit Rs 4,633.76 lakh, versus Rs 2,810.08 lakh and Rs 948.30 lakh a year earlier. Half-year profit was Rs 16,313.02 lakh, including a one-time Rs 6,163.51 lakh deferred tax benefit in June. Factory operations began on July 11, 2024, so comparisons are limited. Margin before depreciation, amortisation and finance costs fell from about 77% to 35%. Borrowings were nil.
Stronger sales, profit and cash flow, plus zero borrowings, are positive. However, lower margins and a deferred tax benefit limit comparability.