Solar Industries India Limited · NSE:SOLARINDS
Solar Industries India — Q2 FY24 Earnings Presentation
12 slides from Solar Industries India's earnings presentation, Nov 2, 2023
Slide 1: Exchange filing cover letter
November 2, 2023 To, To, National Stock Exchange of India Limited BSE Limited Exchange Plaza, Bandra Kurla Complex Floor no. 25, PJ Towers Bandra (E) Dalal Street Mumbai -400 051 Mumbai – 400 001 Trading Symbol: “SOLARINDS EQ” Scrip Code: 532725 Through NEAPS Through BSE Listing Center Sub: Fact She
Slide 2: Q2FY24 & HYFY24 Presentation
Q2FY24 & HYFY24 Présentation Solar Industries India Ltd
Slide 3: Snapshot
Snapshot Q2FY24 VS Q2FY23 Rs.in cr Sales EBIDTA PBT PAT 1347 344 285 209 24 vs 23 Q2 (14%) 13% 12% 11% 1567 303 254 189 HYFY24 VS HYFY23 Sales EBIDTA PBT PAT 3030 675 557 411 24 vs 23 HY (5%) 13% 11% 11% 3182 595 500 371
Slide 4: Domestic Quantity & Realizations
Domestic Quantity & Realizations Q2FY24 VS Q2FY23 Explosives Initiating Systems Quantity (MT) Rate (in Rs) Value (Cr) Value (Cr) 24 vs 23 24 vs 23 99410 51245 509 134 Q2 Q2 13% (29%) (19%) 6% 87661 71810 630 126 HYFY24 VS HYFY23 Explosives Initiating Systems Quantity (MT) Rate (in Rs) Value (Cr) Val
Slide 5: Quarterly Results
Quarterly Results Rs.in cr % of Net Sales Q1FY24 Q2FY24 Q2FY23 % Change Q1FY24 Q2FY24 Q2FY23 Change Net Sales 1682.21 1347.46 1566.60 (14%) Material Consumed 962.36 652.72 933.33 (30%) 57.21% 48.44% 59.58% (11.14) Employee Cost 100.10 103.34 86.50 19% 5.95% 7.67% 5.52% 2.15 Other Expenses 296.63 255
Slide 6: Quarterly Customers
Quarterly Customers Rs.in cr Customer Q1FY24 % of Sales Q2FY24 % of Sales Q2FY23 % of sales Change YoY CIL 268 16% 185 14% 198 13% (6%) Non CIL & Institutional 294 17% 204 15% 267 17% (24%) Housing & Infra 349 21% 204 15% 241 15% (15%) Exports & Overseas 605 36% 639 47% 739 47% (14%) Defence 155 9%
Slide 7: Half Yearly Results
Half Yearly Results Rs.in cr HYFY24 HYFY23 % Change HYFY24 HYFY23 Change Net Sales 3029.67 3182.24 (5%) Material Consumed 1615.08 2000.23 (19%) 53.31% 62.86% (9.55) Employee Cost 203.44 161.74 26% 6.71% 5.08% 1.63 Other Expenses 552.03 438.32 26% 18.22% 13.77% 4.45 EBIDTA 675.18 594.89 13% 22.29% 18
Slide 8: Half Yearly Customers
Half Yearly Customers Rs.in cr Customer HYFY24 % of Sales HYFY23 % of sales Change YoY CIL 453 15% 449 14% 1% Non CIL & Institutional 497 16% 557 17% (11%) Housing & Infra 553 18% 638 20% (13%) Exports & Overseas 1245 41% 1331 42% (6%) Defence 261 9% 175 6% 49% Others 21 1% 32 1% (34%) Total 3030 31
Slide 9: Borrowing & Capex
Borrowing & Capex HYFY24 FY23 Working Capital Loan (in cr) 239 333 Term Loan (in cr) 796 842 Total Debt (in cr) 1035 1175 Net Debt (in cr) 789 910 Working Capital Days 83 95 Net Debt/ Equity Ratio 0.29 0.35 Net Debt/EBIDTA Ratio 0.58 0.69 Capex (in cr) 238 471
Slide 10: Order Book Status
Order Book Status Rs. 3912 cr
Slide 11: Shareholding as on 30.09.23
Shareholding as on 30.09.23 Promoter’s Holding : 73.15% 16.00 15.22 14.00 12.00 10.00 8.00 5.89 6.00 4.73 4.00 2.00 0.96 0.00 Mutual Funds Public & Others FII & FPI Other Bodies Corporate Mutual Funds & Alternate Invest Funds SBI-MF (6.21), Kotak Fund (4.66), HDFC (1.99) , Others (2.36) FII Fidelity
Slide 12: Thank You!
Thank You! Solar Industries India Limited
Solar Industries India — Q2 FY24 Earnings Presentation on 6ix