Solar Industries India Limited has achieved record-breaking financial performance for FY26, reporting its highest-ever annual revenue of INR 9,838 crores. The company saw significant growth driven by a robust international business expansion and a nearly doubled defense segment. With an impressive order book of INR 21,300 crores and ongoing investments in domestic and international capacity, Solar Industries remains well-positioned to meet its future growth targets and sustain strong EBITDA margins.
Record Financial Performance
Solar Industries has reported a landmark performance for the quarter and year ended March 31, 2026. The company achieved a record annual revenue of INR 9,838 crores, reflecting a 35% year-on-year growth in annual EBITDA and PAT, which stood at INR 2,750 crores and INR 1,737 crores, respectively. The EBITDA margin for the full year was recorded at 27.95%.
Defense and International Growth
The company’s defense business has been a major growth catalyst, nearly doubling its revenue during the fiscal year. Defense revenue reached INR 2,634 crores for the full year, a 94% increase. Management expressed confidence in the vertical’s scalability, with a target to exceed INR 4,500 crores in defense revenue for FY27. Simultaneously, the international business continues to expand across the African continent, with new operations launching in Sierra Leone and a strengthened presence in Turkey and Kazakhstan.
Strategic Outlook and Capital Investment
Solar Industries maintains a robust order book of INR 21,300 crores, with INR 18,000 crores attributed to the defense segment. To support this momentum, the company has invested INR 2,700 crores over the last two years and has planned an annual Capex of INR 2,050 crores for FY27. These investments are focused on expanding domestic production capacity in the East and South of India to meet rising demand.
Shareholder Value
Reflecting confidence in its financial health and long-term trajectory, the company has proposed an increased dividend of INR 11 per share for FY26-27, up from INR 10 in the previous year. Management emphasized that despite geopolitical uncertainties and commodity price fluctuations, their strategic inventory management and diversified product portfolio ensure stability and continued operational efficiency.
Source: BSE
