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Informist, Friday, May 15, 2026

--Solar Ind: See international business grow well in FY27, focus on Africa 
--CONTEXT: Solar Industries mgmt's comments in post-earnings analyst call 

--Solar Ind: Expecting growth in exports of 30% for FY27 

--Solar Ind: Will expand our base in Odisha, Andhra Pradesh, Telangana 

--Solar Ind: In good position to absorb input cost increases 

By Gunjan Rajput and Sunil Raghu

NEW DELHI – Solar Industries India Ltd. expects its exports business to grow around 30% in the financial year 2026-27 (Apr-Mar), led by expansion across Africa and improving traction in international markets, the company's management said in a post-earnings analyst call on Friday. The company sees "plenty of opportunities" in international markets, supported by higher commodity prices and rising mining activity globally, the management said. The company's international business grew 32% on year in FY26. 

The company said it was focusing heavily on the African continent, where it has been steadily expanding its presence over the past few years. It has already established facilities in South Africa, Tanzania and Zimbabwe, while Nigeria serves as its base for West Africa operations. From Nigeria, the company has started operations in Ghana and expects to begin operations in Sierra Leone in FY27. Apart from Africa, Solar Industries said it has a strong base in Turkey and has started operations in Kazakhstan. The company also has smaller facilities in Thailand and Indonesia, while operations in Australia are expected to begin soon. The management added that Solar Industries is also expanding its domestic manufacturing base in Odisha, Andhra Pradesh and Telangana to improve logistics efficiency and strengthen customer servicing in key mining regions. 

 

On input costs, the company said it remains well placed to absorb commodity price increases due to price escalation clauses in contracts, inventory gains, and stronger contribution from defence and international businesses.

 

The explosives and defence equipment maker's consolidated net profit rose about 70% on year to INR 5.48 billion in the March quarter and revenue rose nearly 41% on year to INR 30.53 billion. At 1430 IST, the shares of the company were at INR 16,794 on the National Stock Exchange, up 0.8%, after the company announced its earnings during market hours. The stock closed at INR 17,314 on the National Stock Exchange, up nearly 4%.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Avishek Dutta

 

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