Solar Industries India Limited announced record-breaking financial results for Q2 and H1 FY26. The company reported its highest-ever quarterly EBITDA of INR582 crores and a profit after tax of INR361 crores for the quarter. Revenue reached INR2,082 crores for Q2 and INR4,237 crores for H1, reflecting strong growth despite domestic market challenges. Defense revenue surpassed INR500 crores in Q2 and INR900 crores in H1, marking substantial year-on-year growth.
Exceptional Financial Performance
Solar Industries India Limited has announced its financial results for the second quarter and first half of fiscal year 2026, marking a period of unprecedented financial achievements. The company achieved its highest ever quarterly EBITDA of INR582 crores and a profit after tax of INR361 crores for the quarter. These results underscore the company’s robust operational efficiency and strategic market positioning.
Revenue Growth
The company’s turnover stood at INR2,082 crores for the quarter and INR4,237 crores for the half year, registering an increase of 21% and 25% respectively, compared to the previous fiscal year. This growth reflects the company’s ability to navigate market dynamics effectively and capitalize on emerging opportunities.
Defense Sector Milestone
Solar Industries reported that its defense revenue crossed INR500 crores in the quarter and INR900 crores in the half year, demonstrating a year-on-year growth of 57% and 79%, respectively. With a strong defense order book of around INR15,500 crores and the commencement of Pinaka rocket commercial sales, the company is confident in achieving its annual targets.
International Business Expansion
The international business segment continues to thrive, recording a year-on-year growth of 21%. Quarterly sales reached INR960 crores, the highest ever for this segment. This growth is attributed to the company’s continuous efforts to penetrate new markets globally and diversify its product offerings.
Sector-Wise Performance
The composition of the customer basket reflects strategic shifts in market focus:
-
CIL’s share decreased to 8% from 10%.
-
Non-CIL and institutional remained stable at 13%.
-
HNI decreased to 8% from 11%.
-
International business remained consistent at 46%.
-
Defense significantly increased to 24% from 19%.
Looking Ahead
With a strong order book and promising developments in the defense sector, Solar Industries is optimistic about achieving its FY26 guidance. The company remains committed to maintaining a high-performance culture and creating value for its stakeholders.
Source: BSE
