INDOSOLAR Q2 : STANDALONE NET PROFIT DOWN 89.2% AT ₹5.02 CR (YOY), DOWN 86.3% (QOQ). WEAK (ON 1ST LOOK)

Revenue from operations down 23.2% at ₹155.59 Cr (YOY), up 127.6% (QOQ). Total income down 22.4% at ₹157.17 Cr (YOY), up 104.8% (QOQ). PBT down 89.0% at ₹6.71 Cr (YOY), down 85.9% (QOQ). Basic EPS at ₹1.20 v ₹11.14 (YOY), ₹8.80 (QOQ). Board approved draft scheme for Indosolar's amalgamation into Waaree Energies; Indosolar to dissolve without winding up.

Indosolar Ltd

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