Solar Industries India Limited announced its Q2 FY26 results, reporting record-high quarterly EBITDA of ₹582cr and PAT of ₹361cr. The company’s revenue stood at ₹2082cr for the quarter, representing a growth of 21% compared to the same period last year. The international business and defense sectors have driven significant revenue gains. The company also reported a strong orderbook of over ₹17100cr.
Financial Highlights for Q2 FY26
Solar Industries India Limited (SIIL) has announced impressive financial results for the second quarter of FY26. Key highlights include:
- Record Quarterly EBITDA: Achieved ₹582cr.
- Record Profit After Tax (PAT): Reached ₹361cr.
- Revenue Growth: Turnover stood at ₹2082cr, a 21% increase from Q2 FY25.
- Half-Year Performance: Revenue reached ₹4237cr and EBITDA at ₹1146cr.
Segmental Performance
The company experienced notable success in its international business and defense sectors:
- International Business: Achieved its highest-ever quarterly revenue at over ₹960cr.
- Defense Sector: Quarterly revenue crossed ₹500cr, with half-year revenue at ₹900cr.
Management Commentary
Mr. Manish Nuwal, Managing Director & CEO, commented on the results: “The second quarter of this year once again brings us the privilege of announcing record achievements across key metrics…We are pleased to announce that we have achieved our highest-ever quarterly EBITDA…and PAT…The results reflect our strong financial performance and operational success…”
Strong Order Book
The company holds a robust order book, particularly within the defense sector:
- Total Order Book: Stands at over ₹17100cr.
- Defence Order Book: Includes Pinaka rocket sales starting in Q3 FY26.
Future Outlook
Solar group has built a robust and adaptable business model capable of navigating dynamic market conditions and external pressures effectively. The company remains optimistic about reaching its FY26 guidance, with quarter 3 marking the beginning of a new growth phase in defence.
Source: BSE
