Solar Industries India Q2 FY27: revenue up 69.0% to ₹3,519 Cr, net profit up 78.9% to ₹617 Cr
Results · Finvezto · 4 Nov 2026 · Solar Industries India (SOLARINDS)
Results Q2 FY27, ₹ Cr
| Q2 FY27 | ₹ Cr | QoQ | YoY |
|---|---|---|---|
| Revenue | 3,519 | - | +69.0% |
| Operating profit | 1,006 | - | +81.9% |
| Net profit | 617 | - | +78.9% |
| Operating margin | 28.6% | - | +2.0 pp |
| Net margin | 17.5% | - | +1.0 pp |
YoY is the company's own figure. QoQ shows where our quarterly series matches the filing.
Key points
- Consolidated revenue was INR3,519 crores for the quarter and INR7,187 crores for the first half, up 69% and 70% year-on-year, with quarterly EBITDA of INR1,021 crores at a 29.02% margin and PAT of INR650 crores. Earnings call
- Defense revenue increased to 29% of the quarterly mix from 24% and stood at INR1,002 crores, while domestic explosives stood at 27% and international explosives at 43%. Earnings call
- Domestic demand was strong despite the monsoon quarter on a below-average monsoon in mining markets and growing coal mining demand, and management expects good domestic growth in the second half too. Earnings call
What to watch
- Management on fy27 revenue guidance: Based on results, what we achieved, the strength of the order book and the opportunity available for us, we expect to surpass our stated annual guidance, which we have given at the start of the financial year FY27.
- Management on revenue and defense targets: We still believe that we should be able to cross defense also, and we should be able to cross the total revenue guidance, which we have given of INR14,000 crores.
Links
Company page · Results tracker
Anand Ganapathy K | SEBI Registered Research Analyst | INH000016630.