- Solar Ind India’s net income for the third quarter was 3.15 billion rupees, marking a 55% year-over-year increase. However, this missed the market estimate of 3.43 billion rupees.
- The company reported a revenue of 19.7 billion rupees, up 38% from the previous year. This was slightly below the estimated 19.73 billion rupees.
- Total costs incurred by Solar Ind India were 15.2 billion rupees, showing a 33% year-over-year increase.
- Other income for the company stood at 95.4 million rupees, which is a decrease of 13% from the previous year.
- Despite missing net income estimates, Solar Ind India’s shares rose by 2.7%, reaching 10,008 rupees, with a total of 118,673 shares traded.
- Investment analysts’ recommendations include 3 buys, 3 holds, and no sell ratings for the company.
A look at Solar Industries India Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 2.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Solar Industries India shows promising long-term prospects. With a high Growth score of 4, the company is poised for significant expansion and development in the coming years. This indicates a positive outlook for the company’s future performance and potential for increased market share.
Furthermore, Solar Industries India demonstrates decent Resilience and Momentum with scores of 3 in both categories. This suggests that the company has a good ability to weather economic uncertainties and maintain its competitiveness, along with showing positive stock price trends. Despite moderate scores in Value and Dividend at 2 each, the company’s strengths in Growth, Resilience, and Momentum bode well for its overall performance and investor confidence.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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