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Informist, Monday, Nov. 10, 2025

 

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--Solar Ind Jul-Sept consol net profit INR 3.45 bln 
--Solar Ind Jul-Sept consol net profit INR 3.45 bln vs INR 2.86 bln yr ago 
--Solar Ind Jul-Sept consol revenue INR 20.82 bln vs INR 17.16 bln year ago 
--Solar Ind Apr-Sept consol net profit 6.84 INR bln vs INR 5.72 bln yr ago 
--Solar Ind Apr-Sept consol revenue INR 42.37 bln vs INR 34.01 bln year ago 
--Solar Ind Jul-Sept consol operating margin 23.59% vs 23.68% year ago 
--Solar Ind Jul-Sept consol EBITDA INR 5.82 bln vs INR 4.75 bln year ago 
--Solar Ind Jul-Sept consol EBITDA margin 27.95% vs 27.70% year ago 
--Solar Ind: Pinaka rocket sales will begin from Oct-Dec 
--Solar Ind: Explosive sales hit in Q2 on drop in mining activity in monsoon 
--Solar Ind Jul-Sept defence ops sales INR 5.06 bln vs INR 3.22 bln year ago
--Solar Ind total order book at over INR 171 bln as on Sept 30 
--Solar Ind defence order book at over INR 155 bln as on Sept 30 
--Solar Ind Q2 international ops sales INR 9.63 bln vs INR 7.99 bln year ago 
--Solar Ind: Oct-Dec to mark start of new growth phase in defence segment 
--Solar Ind: Q2 intl ops sales led by penetration in new markets globally 

 

By Arundathi A R

 

MUMBAI – Solar Industries India Ltd. Monday posted a double-digit on-year rise in its bottom line for the September quarter despite a five-quarter low revenue growth. However, both the company's profit and revenue missed analysts' expectations for the reporting quarter.

The company reported a consolidated net profit of INR 3.45 billion for the September quarter, up nearly 21% on year and almost 2% on quarter. This was lower than INR 3.53 billion net profit estimated for the reporting quarter.

 

Solar Industries reported revenues of INR 20.82 billion for the reporting quarter, up over 21% on year but down just over 3% from the trailing quarter. Analysts had expected the company to report a top line of INR 21.84 billion in Jul-Sept.

 

Solar Industries' total expenditure for the September quarter was INR 16.21 billion, up nearly 21% on year. The company's expenses grew at the slowest pace on a year-on-year basis in the last five quarters. Growth in expenses during Jul-Sept was driven by a 33% on-year rise in cost of raw materials to INR 9.08 billion. Input costs formed 56% of Solar Industries' overall expenses during the reporting quarter.

 

Other expenses incurred by the company rose 22% on year to INR 3.47 billion while employee costs rose almost 35% to INR 1.95 billion. However, the expenses tied to purchases of stock-in-trade fell over 42% on year to INR 1.22 billion for the reporting quarter.  

 

The company reported a consolidated earnings before interest, tax, depreciation, and amortisation, or EBITDA, of INR 5.82 billion for the September quarter, up 23% on year. Solar Industries' EBITDA margin for the reporting quarter expanded by 25 basis points to 27.95%. However, its consolidated operating margin fell 9 bps to 23.59%.

 

Solar Industries intends to start its Pinaka rocket sales from the December quarter. Demand for explosives was hit in the September quarter due to a drop in coal mining activities, it said.

 

The company earned INR 5.06 billion from its defence operations in the reporting quarter, up 57% on year. Solar Industries' total order book stood at INR 171 billion as of Sept. 30. Of this, the order book for its defence operations was INR 155 billion, or around 91% of its overall order book.

 

"Given the current orderbook, we're optimistic of reaching our FY26 guidance, with quarter 3 (Oct-Dec) marking the beginning of our new growth phase in defence," Manish Nuwal, managing director and chief executive officer of the company, said in a press release.

 

Sales from the company's international operations grew 21% on year to INR 9.63 billion, driven by penetration in new markets globally.  

 

For the half-year ended September, the company reported a consolidated net profit of INR 6.84 billion, up nearly 20% on year. It reported consolidated revenues of INR 42.37 billion, up nearly 25% on year.

 

On Monday, shares of the company ended over 1% lower at INR 13,407 on the National Stock Exchange.  End

 

Edited by Tanima Banerjee

 

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