SOLARINDS Solar Industries India Q1 FY26 results (Apr–Jun 2025) and concall
Solar Industries delivered a strong start to FY26 with record EBITDA and PAT driven by international (43% growth) and defense (115% growth) segments. Domestic explosives were subdued due to milder heatwaves and early monsoon impacting coal mining. Management reiterated INR 10,000 crores FY26 revenue target with INR 3,000 crores from defense. Pinaka commercial sales expected from end of Q2/start of Q3. Currency and hyperinflation impacts reduced margins by ~1.5%.
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What they filed
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 |
|---|---|---|---|---|
| Revenue | 1,716 | 1,973 | 2,167 | 2,154 |
| EBITDA | 445 | 527 | 537 | 535 |
| Net profit | 304 | 338 | 346 | 353 |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
