Solar Industries Reports Record FY26 Performance Driven by Strong International and Defence Growth
Solar Industries India Limited (SIIL) announced robust financial results for the fiscal year 2026, highlighting record quarterly and annual sales across its key segments. The company reported achieving its highest-ever sales and profitability levels for both Q4 FY26 and the full year FY26.According to the company, the financial performance showed substantial growth in key indicators. The company recorded its highest-ever quarterly and yearly sales at ₹3053cr and ₹9838cr, respectively. Similarly, the highest-ever EBIDTA and PAT were clocked at ₹870cr and ₹556cr in the fourth quarter, and ₹2750cr and ₹1737cr for the full year FY26. Notably, the Defence vertical delivered outstanding performance, reporting record revenues of ₹1008cr in Q4 and ₹2634cr for the full year.
Financial Performance Snapshot
The company's financial metrics show significant year-over-year growth across major parameters.| Snapshot | Q4 FY26 | Q4 FY25 | Change | FY26 | FY25 | Change |
|---|---|---|---|---|---|---|
| Net Revenue ( ₹ in cr) | 3053 | 2167 | 41% | 9838 | 7540 | 30% |
| EBITDA ( ₹ in cr) | 870 | 546 | 59% | 2750 | 2031 | 35% |
| EBIDTA margin (in %) | 28.51 | 25.21 | 330bps | 27.95 | 26.94 | 101bps |
| PBT (₹ in cr) | 759 | 464 | 64% | 2365 | 1739 | 36% |
| PAT ( ₹ in cr) | 556 | 346 | 61% | 1737 | 1288 | 35% |
| PAT margin (in %) | 18.21 | 15.98 | 223bps | 17.65 | 17.08 | 57bps |
Growth Drivers and Outlook
Manish Nuwal, Managing Director & CEO of Solar Industries, stated that the record performance was fueled by strong sales from the international and defence businesses, alongside a focused effort on high-value chain products and operational efficiencies.Commenting on the defence vertical, he noted that the business nearly doubled, achieving outstanding growth with revenue surging 134% in Q4 and 94% for the full year.
Mr. Nuwal also highlighted the strong performance of the international business, which registered a 32% year-on-year growth. He emphasized that the company's ability to establish strong relationships with customers underscores its strength in capitalizing on global opportunities.
Looking ahead, the company plans to strengthen its domestic footprint through expansion into Northern and Western India, complemented by upcoming plants in the East and South. The defence vertical is maturing into a powerful standalone platform, driving deep-tech innovation.
The company reported a strong order book of ₹21,300cr and, against this, is targeting around ₹14,000cr in revenue for FY27 while maintaining current margins. To support these growth plans, SIIL has invested ₹2700+cr over the last two years and enters FY27 with a planned CAPEX of ₹2050cr. Reflecting confidence in its financial health, the company proposed a dividend of ₹11/share for FY26-27, an increase from the ₹10/share paid in the previous year.
SOLARINDS Stock Price Movement
Today, Solar Industries India Limited shares edged higher, settling at ₹17,212 after gaining 3.26%. The stock saw strong trading activity in the session, recording a total volume of 419,138 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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