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Informist, Tuesday, Feb. 3, 2026

 

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--Solar Ind Oct-Dec consol net profit INR 4.46 bln 
--Solar Ind Oct-Dec consol revenue INR 25.48 bln vs INR 19.73 bln year ago 
--Solar Ind Oct-Dec consol net profit INR 4.46 bln vs INR 3.
--Solar Ind Apr-Dec consol net profit INR 11.30 bln vs INR 8.87 bln yr ago 
--Solar Ind Apr-Dec consol revenue INR 67.85 bln vs INR 53.74 bln year ago 
--Solar Ind Oct-Dec consol operating margin 25.32% vs 24.33% year ago 
--Solar Ind Oct-Dec consol EBITDA INR 7.33 bln vs INR 5.36 bln yr ago 
--Solar Ind Oct-Dec consol EBITDA margin 28.77% vs 27.17% yr ago 
--Solar Ind: Current order book at over INR 212 bln 
--Solar Ind Oct-Dec defence ops sales INR 7.02 bln vs INR 4.09 bln yr ago 
--Solar Ind Q3 international ops sales INR 10.20 bln vs INR 7.58 bln yr ago 
 

 

By P. Madhu Kumar

 

MUMBAI – Solar Industries India Ltd. reported robust growth in earnings during the December quarter on a year-on-year and sequential basis, buoyed by an increase in its international customer base and defence business. The company's on-year growth in consolidated net profit was the fastest in the past 4 quarters.  

 

The explosives and defence equipment maker's consolidated net profit rose about 42% on year to INR 4.46 billion during the quarter ended December. The bottom line rose by over 29% from the trailing quarter. The company's top line rose over 29% on year and 22% on quarter to INR 25.48 billion during the quarter. It reported international sales of INR 10.20 billion in this quarter, up from INR 7.58 billion a year ago. The company's defence operation sales rose a whopping 72% on year to INR 7.02 billion. 

 

"Solar's defence business evidenced a record-breaking order book of 21000cr+ (over INR 210 billion), and showed splendid growth of 72% by hitting revenue of 700cr+ (over INR 7 billion) in the quarter," Manish Nuwal, managing director and chief executive officer, said.  

 

Driven by business initiatives in the explosives and defence sectors, the company's earnings before interest, tax, depreciation, and amortisation rose 37% on year to INR 7.33 billion from INR 5.36 billion in the corresponding quarter a year ago. The company claimed in its press release that it reported its highest-ever EBITDA numbers in the quarter. Its EBITDA margin expanded by 160 basis points on year to 28.77%.

 

The consolidated operating margin of the company was 25.32% in the reporting quarter, up from 24.33% in year ago quarter and 23.59% in the September quarter. Its net profit margin rose by 120 basis points on year to 18.31%.  

 

For the nine months ended December, the company's top line rose to INR 67.85 billion from INR 53.74 billion a year ago. Its bottom line for the period increased to INR 11.30 billion from INR 8.87 billion. 

 

The company's total expenses grew a little over 27% on year and around 20% on quarter to INR 19.37 billion in the reporting quarter. It spent INR 11.16 billion for raw materials, an increase of 22% on year. The cost of materials was the company's highest expense during the quarter, accounting for about 58% of its total expenditure.   

 

The company currently has an order book valued at over INR 212 billion. Defence and international customers contributed the highest sales during the reporting quarter and the nine-month period, according to the investor presentation. 

 

The company reported its earnings during market hours. The company's shares ended 4.5% higher at INR 13,793 on the National Stock Exchange, taking positive cues from the results.  End

 

Edited by Saji George Titus

 

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