Tag Archive for solar

SB Energy, IL&FS Join Hands to Anchor GoI’s Solar Targets

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Mr Hari Sankaran, Vice Chairman, IL&FS Group

In a major boost to Government of India’s ambitious target of adding 100GW of solar power by 2022, IL&FS Energy, a subsidiary of IL&FS has partnered with SB Energy (with investments from SoftBank Group International), to jointly develop grid connected solar parks. These parks will be developed across various locations in India. Read more

Solar continues its value building journey

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Highlights of Q4 FY18 Performance

  • Reports highest ever Sales in the quarter

  • Sales growth of 30% over the year-ago period.

  • The EBITDA in Q4FY18 is up by 27%

  • Q4 PBT up by 27%.

  • Q4 Net Profit after minority interest rose 20 %

 

Financial Highlights of FY18

  • Declares Dividend of 300% or Rs 6/share.

  • Revenue increased by 21% YoY .

  • EBIDTA jumped by 26%.

  • PBT rose by 25%.

  • Net profit after minority interest increased by 18% .

  • Capital Expenditure for FY18 stood at Rs. 215 crore. Read more

Gurmeet Choudhary goes solar!

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Known as an actor with a heart of gold, Gurmeet Choudhary has fronted socially relevant causes from time to time. Now, the talented actor plans to go back to his roots to address the grievances of the people of his hometown, Bhagalpur in Bihar. Faced with power cuts and  electricity issues, the people of the region will be attending sessions by Gurmeet and his team to learn about renewable alternatives. Read more

Ice Make Refrigeration Limited launches low cost- solar powered- Cold Room in TELANGANA & AP States

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By K Ashwin Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Ice Make Refrigeration Limited (Ice Make), one of the leading manufacturer & supplier of cooling solutions equipment, has launched an economically viable solar powered cold storage unit for interior areas where proper storage temperature and adequate infrastructure is not available due to non-availability of regular power.  The Company is expecting good response for the eco- friendly and energy efficient solar cold room from the farmers in Telangana and Andhra Pradesh states. Read more

Solar Industries India Ltd. Q3FY18 Revenue up by 10.48% to Rs. 465.68cr

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By Vivek K. Mobile: 09920183006 Email:indianshowbusiness@gmail.com

Solar Industries India Ltd., the country’s largest manufacturer and exporter of commercial explosives and explosives initiating systems, declared its financial results for the quarter ended December 31, 2017. Highlights of the unaudited results (The sales for the reported quarter are “Net of GST”.)

 

Highlights of Q3 FY17-18 performance

  • Net Sales stood at Rs. 465.68 crore as compared with Rs. 421.51 crore in Q3FY17 registering a growth of 10.48% YoY.

  • The EBITDA in Q3FY18 is at Rs. 106.93 crore up by 31.22% YoY in comparison to Rs. 81.49 crore in the same period last year.

  • PBT stood at Rs. 82.58 crore in Q3FY18 from Rs. 65.25 crore in Q3FY17, up by 26.56%.

  • Net profit after minority interest rose by 13.83% YoY at Rs. 54.15 crore for Q3FY18 up from Rs. 47.57 crore in Q3FY17.

  • EBIDTA % stands at 22.96% as compared with 19.33% in Q3FY17.

  • PBT % stands at 17.73 % in Q3FY18 as compared with 15.48% in Q3FY17.

  • Net profit % stands at 11.42% compared with 11.27% in Q3FY17.

  • Order book stands at Rs. 1306 crore.

 

Highlights of 9M FY17-18 performance

  • Net sales increased by 17.83% YoY to Rs. 1340.78 crore in 9MFY18 from Rs. 1137.89 crore of 9MFY17.

  • EBITDA rose by 25.30% YoY to Rs. 301.75 crore in 9MFY18 from Rs. 240.82 crore in 9MFY17.

  • PBT rose to Rs.238.42 crore in 9MFY18 when compared with Rs. 191.53 crore in 9MFY17, a growth of 24.48% YoY.

  • Net profit after minority interest jumped by 17.52% to Rs. 154.67 crore for 9MFY18 from Rs. 131.61 crore in 9MFY17.

  • EBIDTA % stands at 22.51% in 9MFY18 as compared with 21.16% in 9MFY17.

  • PBT % stands at 17.78% in 9MFY18 as compared with 16.83% in 9MFY17.

  • Net profit % stands at 11.54% in 9MFY18 as compared with 11.57% in 9MFY17.

  • Capital Expenditure till 9MFY18 is Rs. 130.64 crore. Read more