Indosolar Shares Dip 5% Despite Strong Q3 Earnings; New CEO Appointed

• Indosolar's share price fell 5% in early trade on January 19, despite strong Q3 financial results.
• Net profit surged to Rs 41.5 crore from Rs 10.2 crore year-on-year, driven by robust revenue growth and margin expansion.
• Revenue increased by 93.7% year-on-year to Rs 200 crore.
• EBITDA more than tripled to Rs 71 crore, with the EBITDA margin expanding to 35.5%.
• Amit Paithankar resigned as CEO, and Jignesh Rathod was appointed as the new CEO effective January 1.

Why It Matters: Indosolar shares dropped despite strong Q3 results and a new CEO appointment, indicating market volatility.