Solar Industries India Limited announced its Q3FY26 consolidated financial results on February 3, 2026, delivering record-breaking performance across key metrics. The company reported its highest-ever quarterly revenue of ₹2548cr, representing a robust 29% year-on-year growth from ₹1973cr in Q3FY25.

Record Financial Performance

The company achieved exceptional financial results with net profit reaching ₹467cr, marking a substantial 38% increase from ₹338cr in the corresponding quarter of the previous year. EBITDA for the quarter stood at ₹733cr, reflecting a strong 37% growth with margins expanding to 28.77% from 27.17% in Q3FY25.

Defence Sector Drives Growth

The defence segment emerged as the standout performer, generating over ₹700cr in revenue during the quarter, representing an impressive 72% year-on-year growth. This segment now contributes 28% of total sales compared to 21% in Q3FY25. Managing Director & CEO Manish Nuwal highlighted the company's record-breaking order book exceeding ₹21000cr, reflecting strong future revenue visibility.

International Business Expansion

The international business segment continued its strong momentum, achieving over ₹1000cr in revenue with 35% year-on-year growth. This segment remains the largest contributor, accounting for 40% of total sales. Nuwal emphasized the growing global demand for commodities and industrial metals driven by urbanization and clean energy technologies.

Nine Months Performance

For the nine months ended December 31, 2025, Solar Industries reported consolidated revenue of ₹6785cr compared to ₹5374cr in the previous year, marking 26% growth. Nine-month net profit reached ₹1181cr against ₹942cr, while EBITDA stood at ₹1879cr with margins maintained at 27.70%.

Strategic Outlook and Expansion

Manish Nuwal expressed confidence in the company's strategic direction, highlighting new facilities in Dhule, Maharashtra and Dholpur, Rajasthan that strengthen Solar's manufacturing footprint. The company continues to focus on innovation, operational discipline, and sustainable growth while maintaining its position as a leading global explosives manufacturer with presence in 90+ countries and manufacturing facilities across 9 countries.

Solar Industries India Limited has announced that its subsidiary has secured significant export orders worth ₹589 crores for defence products from international clients. The company disclosed this major development through a regulatory filing, highlighting the growing strength of its defence export business.

Order Details and Execution Timeline

The export orders represent a substantial addition to the company's order book, with delivery scheduled over a 4-year period. The comprehensive nature of these orders underscores Solar Industries' subsidiary's growing presence in the international defence market.

Regulatory Compliance and Transparency

The company has fulfilled all regulatory requirements under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was made in accordance with SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Key Compliance Highlights

The regulatory filing provides comprehensive details about the order structure and compliance parameters:

Strategic Significance

This substantial order win demonstrates Solar Industries' subsidiary's capabilities in the defence sector and its ability to compete effectively in international markets. The 4-year execution timeline provides revenue visibility and strengthens the company's position in the global defence supply chain.

The announcement was signed by Suresh Menon, Director of Solar Industries India Limited, confirming the company's commitment to transparent communication with stakeholders and regulatory compliance.