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Solex Energy's Profit Soars 304% on Strong Revenue Growth
16 May
Summary
- Solex Energy reported a 304% year-on-year net profit increase.
- Quarterly revenue surged by 248% to ₹885.5 crore.
- Board approved re-appointments of key leadership roles.
Solex Energy Ltd. has reported a substantial 304% increase in net profit for the fourth quarter, achieving ₹57.9 crore compared to ₹14.3 crore in the prior year.
This significant financial upturn was driven by a remarkable 248% growth in revenue, which reached ₹885.5 crore during the same period. The company's EBITDA also saw a considerable increase of 251%, totaling ₹98.3 crore.
In addition to its financial achievements, the company announced board approvals for the re-appointment of key leadership. Dr. Chetan Shah was re-appointed as Director and also as Chairman and Managing Director.
Kalpeshkumar Patel was re-appointed as a director, and Piyush Chandak was re-appointed as Whole-Time Director, ensuring continuity in the company's management structure.
