Solar Industries reports strong Q2 & H1 FY26 results; board approves director appointments
Solar Industries reported strong Q2 and H1 FY26 consolidated financial results with increased revenue and profit. The board also approved director appointments and detailed the Problast Group acquisition.
The substantial growth in revenue and profit, coupled with the final determination of acquisition details for Problast Group, indicates strong operational performance and strategic expansion, which typically have a high impact on investor perception and stock performance.
The company reported significant increases in consolidated revenue and net profit for both the quarter and half year ended September 30, 2025. The finalization of goodwill for the Problast Group acquisition also indicates strategic growth.
* Solar Industries India Limited's Board of Directors, at their meeting held on November 10, 2025, approved the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. * The Board also approved a Postal Ballot notice seeking consent of the Members of the Company by way of Special Resolution for the appointment of Smt. Girija Balakrishnan (DIN: 06841071) and Shri Viswanathan Lakshmanan (DIN: 00193056) as Non-Executive Directors for a first term of 5 (five) years. M/s T.S. Pahade & Associates has been appointed as the scrutinizer to conduct the postal ballot process. * Consolidated Financial Highlights (Quarter ended September 30, 2025 vs September 30, 2024): * Revenue from Operations increased to ₹2,082.22 crore from ₹1,715.83 crore. * Net Profit for the period rose to ₹361.45 crore from ₹303.78 crore. * Basic Earnings Per Share (EPS) increased to ₹38.12 from ₹31.59. * Consolidated Financial Highlights (Half year ended September 30, 2025 vs September 30, 2024): * Revenue from Operations increased to ₹4,236.67 crore from ₹3,400.63 crore. * Net Profit for the period rose to ₹714.07 crore from ₹604.32 crore. * Basic Earnings Per Share (EPS) increased to ₹75.55 from ₹63.25. * During the half year ended September 30, 2025, the Ultimate Holding Company partially redeemed unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) amounting to ₹10.00 crore and ₹5.84 crore. The aggregate outstanding NCDs as of September 30, 2025, is ₹22.50 crore. * The Group applied Ind AS 29 'Accounting of Hyperinflationary economies' on its step-down subsidiaries in Turkey. The net impact of restatement was a debit of ₹18.61 crore and ₹36.50 crore to other expenses for the quarter and half year ended September 30, 2025, respectively. * Solar Industries India Limited, through its step-down subsidiary, acquired a controlling stake in Problast Group, South Africa, effective from July 1, 2024, for a consideration of ₹250.51 crore. The management has finalized the Goodwill on acquisition at ₹117.27 crore, and figures for previous periods have been restated accordingly.
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