Tue Nov 19 05:54:15 UTC 2024: ## Trom Industries Reports Stellar Q2 Results, Shares Surge

**Mumbai, India** – Trom Industries, a solar sector company, announced robust second-quarter results on Thursday, sending its share price soaring. The company reported a net profit of ₹4.13 crore (approximately $500,000 USD) for the April-September period, a 109% year-on-year increase from ₹1.97 crore in the same period of 2023. Revenue also saw significant growth, jumping 98.67% year-on-year to ₹46.23 crore from ₹23.27 crore.

The strong performance comes shortly after Trom Industries’ successful initial public offering (IPO) in July. The IPO, priced between ₹100 and ₹115, saw the company list on the NSE SME with a 90% premium. The company’s shares closed over 10% higher on Thursday, reaching ₹250.

Contributing to the positive results is a significant contract secured from the Gujarat Metro Rail Corporation. Trom Industries will be undertaking the engineering and construction of solar rooftop systems for the corporation, valued at ₹33 crore.

Trom Industries’ 52-week high is ₹330.95, and its 52-week low is ₹195. The company’s current market capitalization stands at ₹229.87 crore.

**Disclaimer:** *This news report is for informational purposes only and does not constitute investment advice. The stock market involves inherent risks. Consult with a financial expert before making any investment decisions.*

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