Solar Industries India Limited Q2 FY27 Results Due November 3

Solar Industries India Limited will consider its Q2 FY27 results on November 3, 2026, after reporting Q1 revenue growth of 70.3% year-on-year to ₹3,668.20 crore and consolidated profit after tax growth of 89.0% to ₹666.37 crore. The update will show whether the strong defence and international-business momentum continued through the September quarter.

When will Solar Industries announce Q2 FY27 results?

Solar Industries is scheduled to consider its unaudited financial results for the quarter and half-year ended September 30, 2026, at a board meeting on Tuesday, November 3, 2026. The company has also scheduled an analyst and institutional investor conference call for November 4 at 11:00 am IST, hosted by Motilal Oswal Financial Services.

The forthcoming results cover the July-September 2026 period. They follow the company’s Q1 FY27 announcement on August 13, when it reported a sharp rise in consolidated revenue, earnings and operating profit. The board meeting and subsequent management call are the next disclosed events for shareholders seeking details on quarterly performance and the full-year outlook.

No Q2 FY27 financial figures have been provided in the available information. As a result, reported revenue, profitability, order execution and management commentary will be central to assessing the September-quarter performance.

How did Solar Industries perform in Q1 FY27?

Solar Industries delivered consolidated revenue of ₹3,668.20 crore in Q1 FY27, compared with ₹2,154.45 crore a year earlier, a 70.3% increase. Revenue was also 20.2% higher than ₹3,052.75 crore in the preceding quarter, indicating a substantial sequential expansion in activity.

Consolidated profit after tax rose 89.0% year-on-year to ₹666.37 crore from ₹352.62 crore. It was 19.8% above the ₹556.03 crore reported in the prior quarter. Earnings per share increased to ₹72.11 from ₹37.43 in Q1 FY26, according to the information provided.

Operating profitability also improved. EBITDA increased 90.1% year-on-year to ₹1,015 crore, while the EBITDA margin expanded to 27.7% from 24.8%. The reported drivers were a 123% rise in the defence business, 65% growth in international explosives and 52% growth in domestic explosives.

What will investors assess in the Q2 FY27 update?

Investors will assess whether Solar Industries maintained the revenue and margin trajectory established in Q1 FY27. The company has retained FY27 revenue guidance of ₹14,000 crore, and the September-quarter release will provide another reported data point against that target.

Defence execution will be closely watched because it was the fastest-growing business in Q1. Solar Industries has raised its FY27 defence revenue guidance to ₹4,500 crore from ₹3,000 crore, citing strong order inflows and the domestic defence-indigenisation opportunity. The company’s total order book was reported at more than ₹21,350 crore.

The mix of revenue and profitability will also matter. Q1’s consolidated growth was much faster than standalone growth, with standalone revenue at ₹1,656.32 crore, up 19.4% year-on-year, and standalone PAT at ₹358.38 crore, up 28.2%. This difference indicates that subsidiaries, including defence, mining services and overseas operations, were major contributors to consolidated growth.

How does the forthcoming quarter compare with last year's Q2?

Solar Industries reported consolidated revenue of ₹2,082.22 crore in Q2 FY26, up 21% year-on-year. EBITDA was ₹581.97 crore, an increase of 22.5%, while net profit rose 19% to ₹361.45 crore in that quarter.

That prior-year base provides context for the Q2 FY27 comparison. The company’s Q1 FY27 revenue of ₹3,668.20 crore was already significantly above the Q2 FY26 revenue figure, though quarterly performance can vary with order timing, segment mix and execution schedules.

The available information does not provide a confirmed Q2 FY27 consensus in a consistent rupee basis, so a direct comparison with a stated market estimate is not included. Investors will instead have the company’s reported quarterly numbers, segment commentary and management discussion on the November 4 call.

How are capacity expansion and overseas operations relevant?

Solar Industries is expanding capacity while pursuing defence and international opportunities. The Dhule plant has been commissioned, work at Dholpur is under way, and a new facility is planned in Odisha. The company has disclosed planned capital expenditure of ₹2,050 crore.

These projects are relevant because the order book and FY27 revenue guidance require conversion of orders into production and deliveries. Management’s comments on commissioning schedules, capacity utilisation and the pace of execution can help explain the progression of revenue through the remaining quarters of FY27.

The company is also working on the Omnia acquisition integration and the scaling of international operations. The information available does not quantify the financial contribution expected from these initiatives in Q2 FY27. Their operational progress remains relevant to the company’s stated focus on international expansion and subsidiary-led growth.

Conclusion

Solar Industries enters its Q2 FY27 results announcement after a strong June-quarter performance, marked by 70.3% revenue growth, 89.0% PAT growth and an expanded EBITDA margin of 27.7%. Defence, international explosives and the broader contribution from subsidiaries were important reported drivers of that performance.

The next confirmed event is the November 4 management call, when Solar Industries is expected to discuss the results for the quarter and half-year ended September 30, 2026. Investors will watch for updates on the ₹14,000 crore FY27 revenue guidance, the ₹4,500 crore defence revenue target, order-book execution and capacity-expansion plans.