Solar Industries India Limited (SIIL) announced robust unaudited financial results for the second quarter and first half of FY2026-27. The company reported a consolidated revenue of ₹3519 crore for Q2 FY27, a 69% increase year-on-year, and ₹7187 crore for H1 FY27, up 70%. EBITDA also saw substantial growth, with profit after tax reaching ₹1316 crore for the first half. The company’s strong performance and order book give confidence in surpassing full-year guidance.
Solar Industries India Limited Announces Strong Q2 and H1 FY2026-27 Performance
Solar Industries India Limited (SIIL) today announced its unaudited financial results for the quarter and half year ended September 30, 2026, showcasing a period of significant growth and strong operational performance across its business segments.
Key Financial Highlights
The company reported impressive year-on-year growth in its consolidated revenue. For the second quarter (Q2) of FY2026-27, revenue stood at ₹3519 crore, marking a substantial 69% increase compared to the same period in the previous year. For the first half (H1) of FY2026-27, consolidated revenue reached ₹7187 crore, representing a 70% year-on-year growth.
EBITDA for Q2 FY27 was reported at ₹1021 crore, with an EBITDA margin of 29.02%. In H1 FY27, EBITDA was ₹2045 crore, maintaining a healthy margin of 28.45%. The profit after tax (PAT) for the quarter was ₹650 crore, and for the first half, it stood at ₹1316 crore.
The company also highlighted a strong order book of ₹20178 crore, providing considerable visibility for future execution and revenue streams.
Management Commentary
Mr. Manish Nuwal, Managing Director and CEO of Solar Industries India Limited, commented on the results: “We are pleased to report another quarter of strong and broad-based performance. The results reflect the resilience of our business model, disciplined execution and the benefits of our strategic investments.” He further added that the performance was supported by contributions from Domestic Explosives, International Explosives, and Defence segments.
Mr. Nuwal expressed confidence in the company’s growth trajectory, stating, “Based on the results achieved, the strength of the order book and the opportunities across our businesses, we expect to surpass our stated annual guidance for FY2026-27.”
Business Segment Performance
The company provided insights into the performance of its key business verticals:
Domestic Explosives
The Domestic Explosives business experienced a healthy performance, driven by demand from the mining and infrastructure sectors. Enhanced customer engagement, an expanded manufacturing footprint, and advanced technical-service capabilities have contributed to efficient customer service and participation in India’s long-term growth in these sectors.
International Explosives
The International Explosives business maintained its momentum, supported by strong customer relationships, improved market penetration, and sustained demand in key operating geographies. The integrated portfolio of explosives, initiating systems, and technical mining solutions positions Solar Industries as a long-term partner to global mining customers.
Defence
The Defence business continued its growth trajectory, primarily through the execution of existing orders and an expanding portfolio of indigenously developed products. Opportunities in both domestic and international markets, along with capabilities across the ammunition value chain, indicate potential for significant future orders, including guided Pinaka rockets.
Outlook
Looking ahead, Solar Industries India Limited is focused on leveraging its expanding manufacturing footprint, disciplined capital allocation, and technology-led product development. The company aims to achieve sustainable growth by focusing on operational excellence, timely execution, and prudent growth strategies to create long-term stakeholder value.
About Solar Industries India Ltd
Solar Industries India Ltd is recognized as one of the world’s leading manufacturers of explosives and initiating systems. The company boasts a worldwide presence with 40 manufacturing facilities and a global footprint in over 90 countries. It is noted as the first private sector company in India to establish an integrated facility for defence products and has achieved several firsts in receiving and supplying defence orders.
Source: BSE
