Trom Industries Doubles Profit Amidst Robust Solar Growth
Trom Industries, a solar projects EPC services provider, has seen its net profit more than double to Rs 4.13 crore for April-September 2024-25, thanks to strong order inflow. The company's revenue surged by 98.67% as its focus on cost-efficiency and strategic growth in solar projects paid off.
- Country:
- India
Trom Industries, a prominent name in solar projects EPC services, has reported impressive financial gains for the first half of the 2024-25 fiscal year. The company's net profit jumped over two-fold to Rs 4.13 crore, driven by a substantial increase in order inflow, as revealed in an exchange filing.
Headquartered in Gujarat, Trom Industries witnessed a revenue climb of 98.67%, reaching Rs 46.23 crore compared to Rs 23.27 crore from the same period the previous year. The company's strategic focus and cost-conscious methods contributed to this record-setting performance.
The firm, listed on the NSE SME platform, has also secured a significant Rs 33 crore contract from the Gujarat Metro Rail Corporation and Corona Remedies. Trom specializes in providing engineering, procurement, and construction services across various solar sectors including residential rooftops and industrial power plants.
(With inputs from agencies.)