Solar Industries India (SOLARINDS) Q1 26/27 earnings summary

Executive summary

• Net sales rose 70% year-over-year in Q1FY27, reaching Rs 3,668 Cr from Rs 2,154 Cr.

• EBITDA increased 82% year-over-year to Rs 1,024 Cr, with margin improving to 27.91%.

• Profit after tax (PAT) surged 89% year-over-year to Rs 666 Cr.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were reviewed and approved by the Board and Audit Committee, with a limited review conducted by statutory auditors.

• Results prepared in accordance with Ind AS and SEBI regulations, with no material misstatements identified by auditors.

Financial highlights

• Material consumed increased 70% year-over-year, maintaining a stable cost ratio to sales.

• Employee costs rose 39% year-over-year, while other expenses grew 58%.

• Depreciation and interest expenses increased 43% and 52% year-over-year, respectively.

Segment performance

• Domestic explosives sales grew 52% year-over-year, accounting for 37% of Q1FY27 sales.

• International explosives sales rose 65% year-over-year, also representing 37% of sales.

• Defence segment sales more than doubled, up 123% year-over-year, now 26% of sales.

• 'Explosives, its accessories and related services' identified as the only reportable segment under Ind AS 108.