Solar Industries India Limited announced strong financial results for the second quarter and half year ended September 30, 2026. Consolidated revenue surged by 69% to INR3,519 crore for the quarter and 70% to INR7,187 crore for the half year. EBITDA and profit after tax also showed significant increases, driven by robust performance across domestic, international, and defense segments. The company anticipates surpassing its full-year guidance of INR14,000 crore for FY27.
Solar Industries India Announces Strong Q2 FY27 Performance
Solar Industries India Limited has reported a robust financial performance for the second quarter and the first half of the financial year 2027 (ending September 30, 2026). The company highlighted significant year-on-year growth across key financial metrics, demonstrating resilience and strategic execution.
Key Financial Highlights
For the quarter, consolidated revenue reached INR3,519 crore, marking a substantial increase of 69% compared to the same period last year. The first half of FY27 saw consolidated revenue grow by 70% to INR7,187 crore. The company’s quarterly EBITDA stood at INR1,021 crore with a margin of 29.02%, and profit after tax was INR650 crore. For the first half, EBITDA was INR2,045 crore and profit after tax was INR1,316 crore.
Segmental Performance and Outlook
The strong results were attributed to contributions from the domestic market, international business, and the defense sector. Management expressed confidence in the company’s growth trajectory, expecting to surpass the stated annual guidance of INR14,000 crore for FY27. The company noted expanding manufacturing footprints, disciplined capital allocation, and technology-led product development as foundations for sustainable growth.
The company’s business segments performed well, with domestic explosives showing healthy performance supported by demand from the mining and infrastructure sectors. The international explosive business maintained its momentum, and the defense sector saw growth driven by order book execution and an expanding product portfolio, including potential large orders for Guided Pinaka rockets.
Looking ahead, Solar Industries India anticipates continued growth, with domestic markets expected to perform well in the second half. The company is also focusing on scaling its international operations through acquisitions and greenfield expansions.
Source: BSE
