Solar Industries Q1FY27: Revenue up 70% to ₹3,668 cr

Results announced for quarter ended June 30, 2026

Solar Industries India Limited announced its unaudited financial results for the first quarter ended June 30, 2026 (Q1FY27). The company said the quarter marked its highest-ever quarterly revenue, EBITDA, Profit Before Tax (PBT), and Profit After Tax (PAT). The Board of Directors reviewed and approved both standalone and consolidated results along with the limited review report. The release, dated 13 August 2026, positions Q1FY27 as a strong start to the fiscal year based on the growth reported across key metrics.

Topline growth: net revenue up 70% year-on-year

Solar Industries reported net revenue of ₹3,668 crore in Q1FY27, a 70% year-on-year increase over ₹2,154 crore in Q1FY26. The scale of the jump stands out because it reflects broad-based expansion, with explosives business contribution disclosed for both domestic and international markets. The company also highlighted strong growth in defence, reporting 123% year-on-year growth for the defence business (without disclosing the absolute revenue for the segment).

Operating performance: EBITDA up 82% to ₹1,024 crore

EBITDA for Q1FY27 was reported at ₹1,024 crore, up 82% from ₹564 crore in the year-ago quarter. Alongside EBITDA, Solar Industries reported PBT of ₹911 crore, up 89% from ₹481 crore in Q1FY26. PAT was ₹666 crore, also up 89% from ₹353 crore a year ago. The company described these as record quarterly figures for EBITDA, PBT and PAT.

Consolidated and standalone disclosures show a wider picture

In addition to the headline net revenue and profit metrics, the company disclosed separate consolidated and standalone figures for the quarter ended June 30, 2026. The unaudited consolidated financial results showed total income of ₹3,676.72 crore, compared with ₹3,097.22 crore in the corresponding quarter of the previous year. Consolidated PAT stood at ₹652.55 crore versus ₹547.63 crore in the prior year’s quarter, and comprehensive income attributable to owners of the company was ₹669.36 crore.

On a standalone basis, the company reported total income of ₹1,686.15 crore. Standalone PAT was ₹358.38 crore, compared with ₹377.78 crore in the previous year’s quarter, and total comprehensive income was ₹355.58 crore. The net profit margin was disclosed at 18.17% for the consolidated results and 21.64% for the standalone results.

Segment mix: domestic and international explosives at 37% each

Solar Industries also disclosed the sales mix for Q1FY27. Domestic explosives contributed 37% of sales, translating to ₹1,361 crore for the quarter. International explosives also accounted for 37% of sales, with sales of ₹1,364 crore. The company noted strong growth in international explosives compared to the previous year, though it did not provide the prior-year segment number in the disclosure shared.

Order book: ₹21,350 crore as of June 30, 2026

A key operational indicator disclosed by the company was its order book position. As of June 30, 2026, Solar Industries reported an order book valued at ₹21,350 crore. The company said this provides a foundation for future revenue streams, which investors often track to assess medium-term visibility in execution-focused businesses.

Key numbers at a glance

Business visibility and targets mentioned for FY27

Alongside the quarterly update, a revenue ambition was also cited for the full year. Solar Industries is targeting ₹14,000 crore revenue in FY27, compared with ₹9,838 crore in FY26. While the quarterly announcement itself focuses on Q1 results, full-year targets are typically tracked by markets to evaluate whether quarterly performance aligns with management’s stated objectives.

Earnings calendar context

The information provided also referenced an earnings timetable. The last earnings date was listed as Q4 FY25-26 on 15 May 2026. The upcoming earnings date for Q1 FY26-27 was cited as 13 August 2026, aligning with the timing of this results update.

Market impact: what the numbers signal

The results indicate a sharp year-on-year step-up in reported net sales, profitability and operating earnings for Solar Industries in Q1FY27. Growth in EBITDA and PAT outpaced topline growth, based on the reported percentages, which is an important datapoint for investors tracking operating leverage. The disclosed order book of ₹21,350 crore adds a second layer of market relevance because it signals demand visibility beyond the quarter. The segment mix data also shows that domestic and international explosives each contributed 37% of sales, highlighting a diversified revenue base across geographies within the explosives segment.

Analysis: why Q1FY27 matters for Solar Industries

Two aspects stand out from the disclosed numbers. First, the company reported record quarterly levels for revenue, EBITDA, PBT and PAT, along with high growth rates across each. Second, the update pairs performance with visibility, via the order book figure as of June 30, 2026. The mention of 123% year-on-year growth in defence, even without absolute revenue, points to a faster-growing business line that investors may monitor in subsequent quarters for scale and margins. Separately, the difference between consolidated and standalone disclosures underlines the importance of reading results in both formats, particularly when evaluating income and profit margins.

Conclusion

Solar Industries’ Q1FY27 unaudited results show a sharp rise in net revenue to ₹3,668 crore and PAT to ₹666 crore, alongside EBITDA of ₹1,024 crore and a disclosed order book of ₹21,350 crore as of June 30, 2026. The next set of updates investors will track are subsequent quarterly execution against the FY27 revenue target of ₹14,000 crore and continued disclosures around segment performance, including defence growth.