Solar Industries Q3FY26 Results: 29% Revenue Growth with Strong Defence Performance
Solar Industries India Limited announced impressive Q3FY26 consolidated results with revenue reaching ₹2,548.32 crore (up 29.14%) and net profit of ₹466.54 crore (up 38.24%). The company's defence segment emerged as the star performer with 72% year-on-year growth, while maintaining a strong order book exceeding ₹21,200 crore across key sectors including CIL, SCCL, and Defence operations.

*this image is generated using AI for illustrative purposes only.
Solar Industries India Limited has officially announced its Q3FY26 consolidated financial results through regulatory filings and investor presentation submitted to stock exchanges following a Board of Directors meeting. The company's Board approved the unaudited financial results for the quarter ended December 31, 2025, during their meeting held on February 3, 2026.
Strong Consolidated Financial Performance
The company delivered robust financial performance with consolidated revenue from operations reaching ₹2,548.32 crore compared to ₹1,973.08 crore in Q3FY25. Net profit for the quarter stood at ₹466.54 crore, representing substantial growth from ₹337.50 crore in the corresponding quarter of the previous year.
| Financial Metric: | Q3FY26 | Q3FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹2,548.32 crore | ₹1,973.08 crore | +29.14% |
| Net Profit: | ₹466.54 crore | ₹337.50 crore | +38.24% |
| EBITDA: | ₹733.00 crore | ₹536.00 crore | +36.75% |
| Profit Before Tax: | ₹635.91 crore | ₹459.11 crore | +38.51% |
| Basic EPS: | ₹49.31 | ₹34.80 | +41.70% |
Customer Segmentation and Market Performance
The investor presentation revealed detailed customer segmentation showing strong performance across key sectors. Defence emerged as the fastest-growing segment, contributing 28% of total sales in Q3FY26 compared to 21% in Q3FY25, representing 72% year-on-year growth. International operations remained the largest contributor at 40% of sales, generating ₹1,020.00 crore compared to ₹758.00 crore in the previous year.
| Customer Segment: | Q3FY26 Revenue | % of Sales | Q3FY25 Revenue | Growth (%) |
|---|---|---|---|---|
| International: | ₹1,020.00 crore | 40% | ₹758.00 crore | +35% |
| Defence: | ₹702.00 crore | 28% | ₹409.00 crore | +72% |
| Housing & Infra: | ₹267.00 crore | 10% | ₹257.00 crore | +4% |
| Non-CIL & Institutional: | ₹287.00 crore | 11% | ₹278.00 crore | +3% |
| CIL: | ₹261.00 crore | 10% | ₹259.00 crore | +1% |
Nine Months Performance and Operational Metrics
For the nine months ended December 31, 2025, Solar Industries reported consolidated revenue from operations of ₹6,784.99 crore compared to ₹5,373.71 crore in the corresponding period of the previous year, marking growth of 26.27%. The nine-month net profit reached ₹1,180.61 crore against ₹941.82 crore in the previous year, with EBITDA margin maintained at 27.70%.
| Nine Months Metrics: | 9MFY26 | 9MFY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations: | ₹6,784.99 crore | ₹5,373.71 crore | +26.27% |
| Net Profit: | ₹1,180.61 crore | ₹941.82 crore | +25.33% |
| EBITDA: | ₹1,879.00 crore | ₹1,485.00 crore | +26.53% |
| EBITDA Margin: | 27.70% | 27.63% | +7 bps |
Strong Order Book and Corporate Actions
The company disclosed a robust order book status exceeding ₹21,200.00 crore, indicating strong future revenue visibility across CIL, SCCL, and Defence segments. During the nine months ended December 31, 2025, the company undertook several financial activities including redemption of non-convertible debentures worth ₹23.75 crore and issuance of commercial papers totaling ₹200.00 crore.
Board Meeting and Regulatory Compliance
The Board of Directors meeting was conducted at the company's registered office located at "Solar" House, 14, Kachimet, Amravati Road, Nagpur, in compliance with Regulation 30 and Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The investor presentation was made available on the company's website at www.solargroup.com as per regulatory requirements.
Historical Stock Returns for Solar Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.50% | +8.97% | +11.81% | -0.10% | +45.03% | +1,039.07% |
































