Solar Industries Q2 FY27 Revenue Surges 69% to ₹3,519 Cr, PAT Grows 80%
Solar Industries India Limited reported Q2 FY27 consolidated revenue of ₹3,519 Cr (up 69% YoY) and PAT of ₹650 Cr (up 80% YoY). First-half revenue reached ₹7,187 Cr (up 70% YoY). The company expects to surpass its annual revenue guidance of ₹14,000 Cr for FY27. EBITDA margins are projected to average around 29%.
The substantial year-on-year growth in revenue and profit, coupled with positive future outlook and expectation to surpass guidance, indicates a significant positive impact on the company's financial performance and investor sentiment.
The company reported significant year-on-year growth in revenue and profit, with strong performance across all business segments (domestic, international, and defense). Management expressed confidence in exceeding annual guidance, indicating a positive outlook.
Solar Industries India Limited reported a strong performance for the second quarter and half year ended September 30, 2026. Consolidated revenue for the quarter was ₹3,519 crores, a year-on-year growth of 69% compared to ₹2,082 crores in the same period last year. For the first half of FY27, consolidated revenue stood at ₹7,187 crores, up 70% from ₹4,237 crores in the previous year.
EBITDA for the quarter reached ₹1,021 crores, with a margin of 29.02%, compared to ₹582 crores in the prior year. Profit after tax (PAT) for the quarter was ₹650 crores, an increase of approximately 80% from ₹361 crores in Q2 FY26. For the first half, EBITDA was ₹2,045 crores and PAT was ₹1,316 crores.
The company's performance was driven by strong contributions from its domestic explosives business, international operations, and defense segment. The domestic business saw healthy demand from mining and infrastructure sectors, supported by expanded manufacturing and technical services. International explosives maintained momentum with deeper customer relationships and improved market penetration. The defense business grew on the back of an existing order book and an expanding product portfolio, with expectations of large orders for Guided Pinaka rockets.
Management expressed confidence in surpassing the annual guidance for FY27, expecting growth trajectory to continue in the second half of the year. The company is focused on operational excellence, disciplined capital allocation, and technology-led product development. The management indicated that EBITDA margins are expected to average around 29% for the full year, potentially exceeding the initial guidance of 28%.
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Solar Industries India Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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