Solar Industries India Limited has released its unaudited financial results for the quarter and half-year ended September 30, 2026. The company has reported substantial year-on-year growth across key metrics, including Net Sales, EBIDTA, PBT, and PAT for both the second quarter and the first half of the fiscal year. The presentation highlights strong performance in customer segments and a robust order book status.
Solar Industries India Limited: Q2 & HY FY27 Financial Highlights
Solar Industries India Limited has officially submitted its unaudited financial results for the quarter and half-year ending September 30, 2026. The company showcased robust performance with significant year-on-year growth in its top-line and bottom-line figures.
Quarterly Performance (Q2 FY27 vs. Q2 FY26)
For the second quarter of fiscal year 2027 (Q2 FY27), Solar Industries reported a Net Sales figure of Rs. 3519 Cr, a substantial increase of 69% compared to Rs. 2082 Cr in Q2 FY26. EBIDTA grew by 75% to Rs. 1021 Cr, PBT by 79% to Rs. 877 Cr, and PAT by 80% to Rs. 650 Cr. The presentation also details the percentage of Net Sales for various expense heads, indicating improved operational efficiency.
Half-Yearly Performance (HY FY27 vs. HY FY26)
The first half of fiscal year 2027 (HY FY27) also demonstrated strong momentum. Net Sales for HY FY27 reached Rs. 7187 Cr, up by 70% from Rs. 4237 Cr in HY FY26. EBIDTA saw an increase of 78% to Rs. 2045 Cr, PBT grew by 84% to Rs. 1789 Cr, and PAT also rose by 84% to Rs. 1316 Cr. The company maintained a healthy margin of 18.32% for PAT as a percentage of Net Sales in HY FY27.
Customer Segment Growth
The company also provided a breakdown of its customer segments. For Q2 FY27, Domestic Explosives contributed 27% of sales, International Explosives 43%, and Defence 29%. The ‘Others’ category accounted for 1%. Year-on-year, sales in Q2 FY27 saw significant increases across all categories, with Defence sales surging by 98% and Others by 144%. In the half-yearly analysis, Domestic Explosives contributed 32%, International Explosives 40%, and Defence 27%. Defence sales experienced a remarkable 109% year-on-year growth in HY FY27.
Order Book Status
Solar Industries maintains a strong order book status, with a total value of Rs. 20178 Cr as of the reporting period. This includes Rs. 2610 Cr from CIL & SCCL and a substantial Rs. 17568 Cr from Defence contracts.
Borrowing and Capex
In terms of financial leverage and investment, the Net Debt for HY FY27 stood at Rs. 1177 Cr, with a Net Debt/EBIDTA Ratio of 0.29. Capex incurred during HY FY27 was Rs. 873 Cr, a decrease from Rs. 1556 Cr in FY26. Working Capital Days stood at 108 for HY FY27.
Shareholding Pattern
As of September 30, 2026, the Promoter’s Holding was recorded at 73.15%. Mutual Funds & AIF held 12.35%, Public & Others 7.07%, FII & FPI 6.13%, Other Bodies Corporate 0.77%, and Insurance Companies held 0.53%.
Source: BSE
