Trom Industries Limited, a leading solar EPC company based in Gujarat, has reported a remarkable financial performance for the first half of FY25. Net sales reached Rs 46.23 crore, marking a 98.67% increase compared to the same period last year. Profit after tax (PAT) also saw significant growth, rising 108.77% to Rs 4.13 crore, a testament to the company’s efficient operations and cost-conscious strategies. On the back of robust financial performance, the share price of Trom Industries jumped 10% on November 14, 2024.
In recent months, Trom Industries secured major contracts that have driven its stellar growth. Among these, a substantial Rs 33 crore work order was awarded by the Gujarat Metro Rail Corporation (GMRC) for rooftop solar power projects at 15 Ahmedabad metro stations. Additionally, the company received a Rs 12.4 crore contract from Corona Remedies Pvt. Ltd. for a ground-mounted solar PV plant, underscoring Trom’s expertise in large-scale solar installations.
On August 1, 2024, Trom Industries debuted on the NSE SME platform, successfully raising Rs 31.37 crore. The funds are designated for capital expenditures, working capital needs, and other corporate purposes, aligning with Trom’s expansion strategy in the solar energy sector.
Trom’s financial journey has been extraordinary, with revenue soaring by 125.98% and PAT by a staggering 1885.2% year-on-year as of March 2024. This robust performance positions the company as a formidable player in the solar EPC space, combining sustainable energy solutions with consistent growth.
About Trom Industries Founded in 2011, Trom Industries specializes in residential rooftop systems, industrial solar plants, and solar street lights, pioneering sustainable energy with innovative solutions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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