Gujarat-based Trom Industries registers nearly 100% rise in sales, profit in H1

Gujarat-based renewable energy company Trom Industries has reported a nearly 100% rise in net sales, reaching Rs 46.24 crore for the half-year period ending September 2024, compared to the same period last year. The company, which specializes in industrial solar power plants, ground-mounted solar power plants, and solar street lights, also saw its half-yearly net profit rise by 108.77% to Rs 4.13 crore.

"TROM continues to deliver profitable growth by capitalizing on optimism in the market and improved consumer demand. This remarkable growth underscores the increasing market acceptance of our innovative products and services, reflecting our commitment to excellence and our strategic expansion in the rapidly evolving solar market. Recently, the company was awarded solar project contracts worth Rs 33 crore from Gujarat Metro Rail Corporation (GMRC) and Corona Remedies. Our focused approach has driven this growth, and our cost-conscious strategies have contributed to yet another record quarter of profitability," said Jignesh Patel, Managing Director of Trom Industries.

The company has also recently secured a work order worth Rs 33 crore from GMRC for a period of 5 years. With an order value exceeding Rs 20.70 crore, the supply for this project will be completed within the current financial year in a phased manner. Additionally, Trom Industries has received a purchase order from Corona Remedies for the installation of a grid-connected ground-mounted solar PV plant.


Trom Industries was listed on the NSE SME platform in August this year.