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Solar Industries India (SOLARINDS) investor relations material
Solar Industries India Q4 25/26 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved record quarterly and annual sales of INR 3,053 crore and INR 9,838 crore, with PAT up 61% in Q4 to INR 556 crore and up 35% for the year to INR 1,737 crore, despite flat domestic mining markets.
Defence business nearly doubled, with revenue up 134% in Q4 and 94% for the year, reaching INR 1,008 crore and INR 2,634 crore.
International business grew 32% year-over-year, contributing 39% of FY26 sales, with expansion in Africa, Turkey, Southeast Asia, and Australia.
Board recommended a final dividend of INR 11 per share for FY 2025-26, subject to shareholder approval.
Strong order book exceeds INR 21,300 crore, with defence comprising INR 18,000 crore.
Financial highlights
Q4 consolidated revenue: INR 3,053 crore vs INR 2,167 crore; FY revenue: INR 9,838 crore vs INR 7,540 crore.
Q4 EBITDA: INR 870 crore vs INR 546 crore; FY EBITDA: INR 2,750 crore vs INR 2,031 crore.
Q4 PAT: INR 556 crore vs INR 346 crore; FY PAT: INR 1,737 crore vs INR 1,288 crore.
EBITDA margins: 28.5% for Q4, 27.95% for FY 2026.
Dividend proposed at INR 11 per share, up from INR 10 per share.
Outlook and guidance
Targeting FY 2027 revenue of INR 14,000 crore while maintaining current margins.
Defence revenue expected to cross INR 4,500 crore in FY 2027.
Planned annual CapEx of INR 2,050 crore for FY 2027, up from INR 1,556 crore in FY26.
International business expected to grow ~30% in FY 2027.
- Q3 FY26 revenue up 29%, PAT up 38%, with order book over ₹21,200 crore.SOLARINDS
Q3 25/264 Feb 2026 - Record EBITDA, strong PAT growth, and robust order book drive positive outlook.SOLARINDS
Q1 24/252 Feb 2026 - Q2 FY25 saw record revenue, 45% PAT growth, and strong order book led by defense and international.SOLARINDS
Q2 24/2514 Jan 2026 - Record revenue and profit growth, strong order book, and major defense-led expansion.SOLARINDS
Q3 24/258 Jan 2026 - Record FY25 revenue and profit, strong defense growth, and ambitious FY26 targets.SOLARINDS
Q4 24/256 Jan 2026 - Record Q1 revenue and profit growth, driven by defense and exports; order book above ₹16,800 crore.SOLARINDS
Q1 25/266 Jan 2026 - Record sales and profit growth driven by Defense and International segments.SOLARINDS
Q2 25/2611 Nov 2025
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