Key Financial Results

Quarterly Performance (Q1 FY2027 vs Q1 FY2026):

  • Net Revenue: ₹3,668 crore (vs ₹2,154 crore) - 70% increase YoY
  • EBITDA: ₹1,024 crore (vs ₹564 crore) - 82% increase YoY
  • PBT: ₹911 crore (vs ₹481 crore) - 89% increase YoY
  • PAT: ₹666 crore (vs ₹353 crore) - 89% increase YoY

Business Segment Performance

Year-over-Year Growth:

  • Defence business: 123% growth
  • International Explosives business: 65% growth
  • Domestic Explosives business: 52% growth

Strategic Updates and Operational Highlights

  • Strong order book of ₹21,350 crore supporting future growth
  • Defence order book specifically mentioned at over ₹18,000 crore
  • Commissioning of Dhule plant in Western India completed
  • Significant expansions at Dholpur, North India facility
  • Upcoming new facility at Orissa
  • Growing portfolio of indigenously developed defence products
  • Global footprint in 90+ countries with manufacturing facilities in 9 countries
  • 40 manufacturing facilities worldwide

Guidance and Outlook

  • Revenue guidance for FY2026-27: ₹14,000 crore
  • Planned capital investment: ₹2,050 crore
  • Capital deployed in Q1: ₹450 crore
  • Confidence in securing sizeable new defence orders in coming quarters
  • Strong pipeline of opportunities in domestic and international markets

Management Commentary

Mr. Manish Nuwal, Managing Director & CEO, highlighted:

  • Record performance with highest-ever quarterly revenue, EBITDA, PBT and PAT
  • Defence business as key growth driver with 123% YoY growth
  • Strategic investments building scalable international business
  • Expansion initiatives yielding encouraging results in domestic explosives
  • Combination of strong order book and strategic investments positions company for multi-year growth

Company Background

Solar Industries India Limited is one of the world's leading manufacturers of explosives and initiating systems with:

  • First private sector company in India to set up integrated defence facility for high-energy materials, rocket propellants, warheads and rockets
  • First private sector company to receive ready-to-use ammunition orders from defence sector
  • First private sector company to receive defence export orders for ready-to-use ammunition
  • First private sector company to indigenously develop drone-based loitering munitions
  • First private sector company to indigenously develop three new explosives: SEBEX-2, SITBEX-1 and SIMEX-4
  • Over 30 years of expertise in mining, infrastructure, defence, and space solutions

Submitted by: Khushboo Pasari, Company Secretary & Compliance Officer