| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 3.1K | 19.8% | 40.9% |
| Total Income | 3.1K | 20.4% | 42.5% |
| Expenditure | 2.3K | 20.8% | 37.1% |
| PBT | 757.75 | 19.1% | 62.3% |
| Net Profit | 556.03 | 19.2% | 60.6% |
| OPM | 27.06% | 0.73pp | 2.15pp |
| NPM | 17.95% | 0.18pp | 2.02pp |
| EPS | 60.52 | 22.7% | 70.0% |
Solar Industries FY26 Revenue at ₹9838 Cr, Up 30% YoY
15 May 2026 · 15 May, 3:07 pm
Summary
Solar Industries India Limited delivered a landmark performance in FY26, reporting its highest-ever quarterly sales of ₹3053 crore and annual sales of ₹9838 crore. Net Revenue for Q4FY26 surged 41% year-on-year, contributing to a 30% increase in annual revenue. The company also achieved record-high quarterly and yearly EBITDA and PAT, with EBITDA margins reaching 28.51% for Q4 and 27.95% for the full year, propelled by strong international and defence business growth. Management highlighted the defence vertical's nearly doubled revenue and its robust sales pipeline, positioning the company to sustain momentum and target ₹14,000 crore revenue in FY27.
Key Highlights
- 1
Solar Industries India Limited delivered its highest-ever Quarterly Sales at ₹3053 crore and Yearly Sales at ₹9838 crore for FY26.
- 2
The company achieved its highest-ever Quarterly EBITDA of ₹870 crore and Yearly EBITDA of ₹2750 crore for FY26.
- 3
Highest-ever Quarterly Profit After Tax (PAT) stood at ₹556 crore and Yearly PAT reached ₹1737 crore for FY26.
- 4
Net Revenue for Q4FY26 surged by 41% year-on-year to ₹3053 crore, contributing to a 30% increase in annual Net Revenue for FY26, which reached ₹9838 crore.
- 5
The Defence business achieved record-high revenues of ₹1008 crore in Q4 and ₹2634 crore for the full year, marking a growth of 134% and 94% respectively.
- 6
The company reported a strong order book of ₹21,300 crore and is targeting to achieve around ₹14,000 crore revenue in FY27 while maintaining current margins.
- 7
Solar Industries proposed a dividend of ₹11/share for FY26-27, an increase from ₹10/share in the previous year, reflecting confidence in its financial health.
Management Comments
Manish Nuwal
We are happy to report that Solar Industries India Limited has delivered a landmark performance, clocking its highest-ever quarterly and annual sales of ₹3053cr and ₹9838cr respectively, despite no growth in domestic mining market. We have also achieved the highest ever quarterly EBIDTA & PAT at ₹870cr & ₹556cr registering growth of 59% & 61%yoy and highest ever yearly EBIDTA & PAT at ₹2750cr & ₹1737cr registering growth of 35% each in the year FY26. We achieved our EBITDA margin at around 28.51% for the quarter and 27.95% for the year. These numbers were propelled by strong sales from international and defence businesses, relentless focus on our high-value chain products and operational efficiencies.
Manish Nuwal
Our Defence business has nearly doubled, delivering outstanding growth with revenue surging 134% in Q4 and 94% for the full year, to reach record highs of ₹1008cr and ₹2634cr, respectively. A robust sales pipeline, coupled with strong execution capabilities, positions us well to sustain this momentum and we should cross defence revenue of ₹4500cr in the FY27.
Manish Nuwal
Solar’s international business has performed very well and as a result registered a 32% YOY growth. Solar’s ability in establishing strong relationship with its customers as a trusted partner, underscores company’s strength in identifying and capitalizing on global opportunities.
Manish Nuwal
Our recent expansion into Northern and Western India, paired with upcoming plants in the East and South as well, will help us strengthen domestic footprint. This expected growth in domestic market is further complemented by our strong momentum in international business. Additionally, the defence vertical is steadily maturing into a powerful standalone platform, driving deep-tech innovation enabling significant future growth potential. In FY26, we delivered ~30% revenue growth and surpassed our annual EBITDA guidance. This performance reinforces our confidence in the scalability of our business. Backed up by a strong order book of ₹21,300cr and robust opportunities across all verticals we are targeting to achieve around ₹14,000cr revenue in FY27 while maintaining current margins.
Informational and educational content only. Not investment advice.