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Solar Industries India Limited Q2 FY26 earnings call summary

NSE: SOLARINDS · BSE: 532725

Earnings call of 11 Nov 2025, summarised by AI from the filing.

Management expects to reach around the annual guidance of ₹3,000 cr from defense in FY26.

Key takeaways

  1. Defense guidance Management expects to reach around the annual guidance of ₹3,000 cr from defense in FY26.
  2. Pinaka driver Commercial sales of Pinaka rockets start in Q3 FY26, driving the new defense growth phase.
  3. Monsoon risk Heavy monsoon cut coal mining activity and explosives demand in the quarter.

Original filing on BSE

Solar Industries India Limited Q1 FY27 results

As filed: Revenue ₹3,668 cr (+70% year on year), EBITDA ₹1,015 cr (+90% year on year), PAT ₹666 cr (+89% year on year), EBITDA margin 27.7% (+284 bps).

The Q1 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

  • Q4 FY26: Revenue ₹3,053 cr (+41% year on year), EBITDA ₹826 cr (+53% year on year), PAT ₹556 cr (+61% year on year), EBITDA margin 27.1% (+218 bps). Score 76 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 218 bps year on year. Revenue rose ₹886 cr on a year ago, more than the ₹556 cr it added the year before. Share price after the results: +2.9% in 28 days (Nifty 500: −0.1%).
  • Q3 FY26: Revenue ₹2,548 cr (+29% year on year), EBITDA ₹708 cr (+35% year on year), PAT ₹467 cr (+38% year on year), EBITDA margin 27.8% (+113 bps). Score 71 of 100, Above trend. Revenue, EBITDA and profit growth were above the company's own trend. EBITDA margin rose 113 bps year on year. Revenue grew on the previous quarter, against its usual seasonal pattern. Share price after the results: +11.2% in 30 days (Nifty 500: −0.6%).
  • Q2 FY26: Revenue ₹2,082 cr (+21% year on year), EBITDA ₹554 cr (+24% year on year), PAT ₹362 cr (+19% year on year), EBITDA margin 26.6% (+62 bps). Score 46 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA growth was in line with it; profit growth was below it. EBITDA margin rose 62 bps year on year. Revenue fell 3% from last quarter. Share price after the results: −8.2% in 30 days (Nifty 500: −0.5%).
  • Q1 FY26: Revenue ₹2,154 cr (+27% year on year), EBITDA ₹535 cr (+19% year on year), PAT ₹353 cr (+17% year on year), EBITDA margin 24.8% (−165 bps). Score 42 of 100, In line with trend. Revenue growth was above the company's own trend; EBITDA and profit growth were below it. EBITDA margin fell 165 bps year on year. Share price after the results: −6.6% in 29 days (Nifty 500: +0.6%).
  • Q4 FY25: Revenue ₹2,167 cr (+35% year on year), EBITDA ₹539 cr (+52% year on year), PAT ₹346 cr (+42% year on year), EBITDA margin 24.9% (+290 bps). Score 67 of 100, Above trend. Revenue and EBITDA growth were well above the company's own trend; profit growth was above it. EBITDA margin rose 290 bps year on year. Share price after the results: +23.2% in 30 days (Nifty 500: −0.4%).
  • Q3 FY25: Revenue ₹1,973 cr (+38% year on year), EBITDA ₹526 cr (+48% year on year), PAT ₹338 cr (+52% year on year), EBITDA margin 26.7% (+175 bps). Score 73 of 100, Above trend. Revenue, EBITDA and profit growth were well above the company's own trend. EBITDA margin rose 175 bps year on year.
  • Q2 FY25: Revenue ₹1,716 cr (+27% year on year), EBITDA ₹446 cr (+33% year on year), PAT ₹304 cr (+45% year on year), EBITDA margin 26.0% (+105 bps). Score 80 of 100, Above trend. EBITDA margin rose 105 bps year on year. Not enough history for a trend yet: scored on growth alone.

Past price moves after results do not indicate future moves. Not a recommendation.

Solar Industries India Limited earnings call, investor presentation and press release summaries

Figures from the company's filings with NSE and BSE. Not investment advice.