Trom Industries, a Gujarat-based solar projects EPC services provider listed on the NSE SME platform, posted a robust 109% rise in net profit to ₹4.13 crore for the April-September 2024 period. This marks a significant growth compared to ₹1.97 crore in the same period last year, driven by strong order inflows.
The company reported a 98.67% increase in revenue, reaching ₹46.23 crore, up from ₹23.27 crore in the year-ago period. Trom Industries attributed this record performance to its focused business approach and strict cost management.
Most recently, the company bagged significant work orders worth ₹33 crore from Gujarat Metro Rail Corporation Limited and Corona Remedies Pvt. Ltd. The contracts include EPC projects of residential and industrial solar power plants and ground-mounted systems.
Managing Director Jignesh Patel added, “Like in the previous quarters, the focus on solar energy along with value-for-money products has been the driving reasons for growth in another record quarter. We.
Shares of Trom Industries closed 10.72% higher at ₹250 on the NSE on November 14, reflecting investor optimism about the company’s performance and future potential.
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Source: Moneycontrol
News Desk
