Solex Energy Limited Reports Earnings Results for the Fourth Quarter Ended March 31, 2021
July 01, 2021 at 04:01 am
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Solex Energy Limited announced earnings results for the fourth quarter ended March 31, 2021. For the year, the company announced total revenue was INR 799.02 million compared to INR 1,384.166 million a year ago. Net income was INR 16.762 million compared to INR 44.511 million a year ago. Basic earnings per share from continuing operations was INR 3.39 compared to INR 9.01 a year ago. For the quarter, total revenue was INR 674.182 million compared to INR 678.456 million a year ago. Net income was INR 7.873 million compared to INR 20.17 million a year ago. Basic earnings per share from continuing operations was INR 1.59 compared to INR 4.08 a year ago.
Solex Energy Limited is an India-based company, which is engaged in manufacturing of solar photovoltaic modules. The Company offers a diverse product range including Monofacial and Bi-facial modules across various power capacities. It is focused on manufacturing of solar photovoltaic modules along with providing turnkey solar solutions across different segments, such as solar power plants, solar water pumps, and utility scale ground mounted solar power plants. The Companyâs solutions include Solar Residential Rooftop, Solar Industrial Rooftop, Solar Power Plant, Solar Water Pump, Solar Charging Stations, and Solar Car Port. Its solar projects include SKY PGVCL Solar Farm (2019-20): Gujarat Ground Mount Project, JREDA Rooftop Solar (2017-18): Lighting Jharkhand - Project 1, JREDA Rooftop Solar (2017-18): Illuminating Jharkhand - Project 2, JREDA Home Light System (2019-20): Powering Homes in Jharkhand, Buddha Smriti Park, Bihar Rooftop Installation.