Solar Industries India Limited has won a ₹158 crore contract from the Ministry of Defence for supplying defence products, to be executed within a year. The company also reported impressive Q4 results with a 43.4% increase in net profit to ₹348.00 crore and a 34.5% rise in revenue to ₹2,166.60 crore. This development highlights Solar Industries' expanding presence in the defence sector and its strong financial performance.
20May 25
Solar Industries Projects ₹10,000 Crore Revenue for FY26, Defence Business to Double Despite Previous Shortfall
Solar Industries India projects ₹10,000 crore revenue for FY26, with ₹3,000 crore expected from its defence business. The company plans ₹2,500 crore capex to support growth. Q4 results show 43.40% increase in net profit to ₹348 crore and 34.50% rise in revenue to ₹2,166.60 crore. A dividend of ₹10 per share was declared. Despite missing previous defence revenue guidance, the company aims to double its defence business contribution by FY26.
Solar Industries India Ltd. Sees Major Block Trade Amid Trading Window Closure
Solar Industries India Ltd. has closed its trading window for designated persons due to proposed strategic investments. This closure, effective from March 6, 2025, will last until 48 hours after the investment details are made public. Concurrently, a significant block trade of 30,087 shares worth Rs. 28.29 crores was executed on the NSE at Rs. 9,401.70 per share.
06Mar 25
Solar Industries India Ltd. Witnesses Large Block Trade Amid Trading Window Closure
Solar Industries India Ltd. has closed its trading window from March 6, 2025, due to proposed strategic investments. This coincides with a significant block trade of 20,227 shares at ₹9,331 per share, totaling ₹18.87 crores on NSE. The trading window will remain closed until 48 hours after the strategic investment is made public, in compliance with SEBI regulations.
05Mar 25
Solar Industries India Ltd. Secures Rs 2,150 Crore Export Orders, Subsidiary Bags Rs 239 Crore Domestic Contract
Solar Industries India Ltd. has won significant defense orders, including export contracts worth Rs 2,150 crore for delivery over six years, and a domestic contract worth Rs 239 crore from the Indian Ministry of Defence for Multi Mode Hand Grenades. These orders, along with a recent Rs 6,084 crore contract, total over Rs 8,473 crore, bolstering the company's position in both international and domestic defense markets.
28Feb 25
Solar Industries India Secures Massive ₹21.50 Billion Export Orders, Boosts International Presence
Solar Industries India Limited's subsidiary has secured export orders worth ₹21.50 billion ($258 million USD) for industrial explosives and ammunition. This significant order is expected to boost the company's revenue, strengthen its international market position, and potentially lead to operational scaling. Additionally, the company has fulfilled a ₹50 crore Commercial Paper redemption obligation to ICICI Bank Limited, demonstrating financial robustness.