Solar Industries’ net profit jumps 78.86% to 617.02 crore rupees in second quarter
Key Facts
Solar Industries India posted consolidated net profit of 617.02 crore rupees in the quarter ended September 30, 2026, up 78.86% from 344.97 crore rupees in the year-earlier period, according to data reported by Financial Express. Profit growth came alongside an increase in revenue from operations, reflecting an expansion in activity during the quarter. Revenue was 3,518.92 crore rupees, compared with 2,082.22 crore rupees a year earlier, an increase of 69%. Earnings before interest, taxes, depreciation and amortization, a measure of operating performance, rose 81.9% to 1,006 crore rupees. Results showed that the margin on this measure improved to 28.6% from 26.6% in the second quarter of the previous fiscal year.
Operating profit grew faster than revenue, with the margin widening by two percentage points from a year earlier. Earnings before interest, taxes, depreciation and amortization were 1,006 crore rupees in the second quarter of fiscal 2027, compared with 553 crore rupees in the corresponding period, according to Moneycontrol. The increase in both the measure and the margin points to improved operating performance during the period, alongside revenue growth. Net profit rose 78.86% year on year, while revenue grew 69%. Operating profit growth of 81.9% therefore exceeded the pace recorded for both revenue and net profit.
The company’s order book stood at 20,178 crore rupees on September 30, 2026, according to Upstox, providing a base of existing business to execute in coming periods. The chief executive linked the company’s performance to contributions from domestic and international explosives and the defence sector, saying the strength of the order book and opportunities across the company’s businesses support its outlook for the fiscal year. The company said it expects to exceed its annual guidance for fiscal 2027, citing its results and the strength of orders and opportunities across its sectors. This outlook places the order book at the center of the company’s stated prospects, alongside contributions from its various businesses. The information provided no new target figure for that guidance.
The company attributed the performance of its domestic explosives business to demand from the mining and infrastructure sectors, along with an expanded manufacturing base and improved technical service capabilities. It said these factors supported domestic activity, while the chief executive also cited contributions from international explosives and the defence sector to the quarter’s results. This mix offers a multisector explanation for revenue and profit growth, rather than attributing the reported performance to a single business. The company also cited strong customer engagement among the factors supporting its domestic explosives business. These operating drivers come alongside the order book it reported at the end of September.
The company announced its results on November 3, 2026, and its shares moved higher during the session, rising about 7% at one point in trading, according to Moneycontrol. At about 3 p.m. local time, the share price was 19,877 rupees, up 2.26%. The move came in a session when the results showed growth in net profit, revenue and operating profit, as well as a wider margin. Trading data show that the stock had pared gains from its session high by that time. The figures recorded at 3 p.m. provide a snapshot of the share price at that point, while its advance during the session had been higher.
Solar Group announced on September 14, 2026, a proposed cash offer to acquire all issued ordinary shares of Omnia through its subsidiary Solar SA Investments. The total value of the offer was 21.8 billion rand, according to Omnia’s announcement, with the transaction to be carried out through a scheme of arrangement. The announcement places a proposed international expansion move in the background of the group’s business, but does not mean the acquisition has been completed. In a development related to future demand, the company said it expects to receive large defence orders from the domestic and international markets in the near future, including for Pinaka guided missiles. These expectations are not confirmed orders; the company presented them as anticipated opportunities, while its outlook to exceed fiscal 2027 guidance is based on results achieved and the strength of its order book and opportunities across its businesses.