Solar Industries India Limited (SIIL) has reported an exceptional fiscal performance for the year ended March 31, 2026. The company achieved its highest-ever annual revenue of ₹9,838 crore and a record PAT of ₹1,737 crore. Driven by strong international sales and a surging defence vertical, the company surpassed its annual EBITDA guidance and continues to invest significantly in capacity expansion to support its ambitious ₹14,000 crore revenue target for FY27.
Record-Breaking Financial Results
Solar Industries has delivered a landmark performance in FY26, showcasing growth across all key metrics despite stagnation in the domestic mining sector. The company reported annual revenue of ₹9,838 crore, a 30% increase year-over-year. Annual EBIDTA rose to ₹2,750 crore (up 35%), while Profit After Tax (PAT) reached ₹1,737 crore, also reflecting a 35% growth. The strong momentum continued into Q4 (Jan-Mar 2026), which saw revenue of ₹3,053 crore and a robust EBITDA margin of 28.51%.
Defence Sector Momentum
The defence vertical has emerged as a powerhouse for the company, nearly doubling its contribution. Revenue from defence surged by 134% in Q4 and 94% for the full year, reaching record highs of ₹1,008 crore and ₹2,634 crore, respectively. Management expects this growth trajectory to continue, with a target to exceed ₹4,500 crore in defence revenue by FY27, supported by a robust sales pipeline and strong execution capabilities.
Future Outlook and Investment Strategy
With an order book currently standing at ₹21,300 crore, the company remains optimistic about its future growth. Following an investment of over ₹2,700 crore in the last two years, Solar Industries has planned a further CAPEX of ₹2,050 crore to support expansion into Northern, Western, Eastern, and Southern India. To reward shareholders, the company has proposed a dividend of ₹11 per share for FY26-27, an increase from ₹10 in the previous year.
Source: BSE
