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Solar Industries India / Equity Bottom-Up

<p>Explosives volume rose 13% whereas realisations jumped 25%. As a result, overall explosives segment revenue leaped 42% YoY to Rs 418 crore. Accessories segment registered an improvement of 52% YoY to Rs 111 crore. Defence segment revenue came in at Rs 19.54 crore, down 26% YoY. The segment struggled as there were some disruptions with respect to new order processing and execution of existing ones owing to Covid-19.</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Explosives volume rose 13% whereas realisations jumped 25%. As a result, overall explosives segment revenue leaped 42% YoY to Rs 418 crore. Accessories segment registered an improvement of 52% YoY to Rs 111 crore. Defence segment revenue came in at Rs 19.54 crore, down 26% YoY. The segment struggled as there were some disruptions with respect to new order processing and execution of existing ones owing to Covid-19.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

SOLARINDS: Explosives volume rose 13% whereas realisations jumped 25%

India

Solar Industries India Limited manufactures and supplies explosives and explosives accessories. The company's products include bulk, cartridge, detonators, detonating cords Pentaerythritol Tetranitrate ("PETN"), and cast boosters.

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Solar Industries India (SOIL IN)

SOLARINDS: Explosives volume rose 13% whereas realisations jumped 25%

Explosives volume rose 13% whereas realisations jumped 25%. As a result, overall explosives segment revenue leaped 42% YoY to Rs 418 crore....

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