Solar Industries Q2 FY27 Revenue Soars 69% to ₹3519 Cr; PAT at ₹650 Cr
Solar Industries India Limited reported Q2 FY27 consolidated revenue of ₹3519 crore, up 69% YoY. PAT stood at ₹650 crore. For H1 FY27, revenue grew 70% to ₹7187 crore with PAT at ₹1316 crore. The company has an order book of ₹20178 crore and expects to surpass annual guidance.
The significant year-on-year growth in revenue and profit, coupled with a strong order book and positive management outlook, indicates a substantial positive impact on the company's financial standing and future prospects.
The company reported strong year-on-year growth in revenue and profit, exceeding expectations and demonstrating robust performance across all its business segments. The management's commentary expresses confidence in surpassing annual guidance.
Solar Industries India Limited (SIIL) announced its unaudited financial results for the quarter and half-year ended September 30, 2026, showcasing strong broad-based performance.
For the second quarter of FY27, consolidated revenue reached ₹3519 crore, marking a significant 69% year-on-year growth. The EBITDA for the quarter stood at ₹1021 crore, with an EBITDA margin of 29.02%. Profit after tax (PAT) for Q2 FY27 was ₹650 crore. The company also reported an order book of ₹20178 crore, indicating visibility for future execution.
In the first half of FY27, consolidated revenue grew by 70% year-on-year to ₹7187 crore. EBITDA for H1 FY27 was ₹2045 crore with a margin of 28.45%, and PAT was ₹1316 crore.
Mr. Manish Nuwal, Managing Director and CEO, expressed satisfaction with the performance, attributing it to contributions from Domestic Explosives, International Explosives, and Defence businesses. He highlighted the resilience of the business model, disciplined execution, and benefits from strategic investments. The Domestic Explosives business benefited from demand in mining and infrastructure sectors, while the International Explosives business maintained momentum through deeper customer relationships and market penetration. The Defence business continued its growth trajectory, supported by an expanding product portfolio and opportunities in both domestic and international markets, with expectations of large orders including guided Pinaka rockets.
Concluding the update, Mr. Nuwal expressed confidence in surpassing the stated annual guidance for FY2026-27, driven by the first-half performance, strong order book, and opportunities across all business segments. The company remains focused on operational excellence, prudent growth, and creating long-term stakeholder value.
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