Solar Industries India's Q2 FY 2025-26 Quarterly Results

Result Summary

• Solar Industries India Ltd reported a 3.3% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a growth of 20.9%.
• Its expenses for the quarter were down by 4.8% QoQ and up 20.6% YoY.
• The net profit increased 2.5% QoQ and increased 19.0% YoY.
• The earnings per share (EPS) of Solar Industries India Ltd stood at 38.12 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Solar Industries India Ltd is a prominent entity in the explosives and defense industry. The company primarily engages in the production of industrial explosives and offers a range of products that cater to mining, infrastructure, and oil and gas industries. Additionally, Solar Industries has been making strides in the defense sector by developing and supplying ammunition and propellants. The company is recognized for its robust R&D capabilities and a strong emphasis on technological advancements. Recent developments have seen Solar Industries expanding its footprint globally, although specific updates on acquisitions or strategic partnerships are not available in the provided data.

Revenue

In Q2FY26, Solar Industries India Ltd reported a total income of ₹2111.40 crores. This figure represents a decrease of 3.3% quarter-over-quarter (QoQ) from ₹2183.71 crores in Q1FY26. However, there was a significant year-over-year (YoY) increase of 20.9% from ₹1746.28 crores in Q2FY25. This growth indicates a substantial increase in the company's revenue generation compared to the same quarter in the previous year, suggesting a positive trajectory in sales or possibly an expansion in market reach or product offerings.

Profitability

The company's profitability saw improvements both QoQ and YoY. The profit before tax (PBT) for Q2FY26 stood at ₹490.46 crores, marking a 2.0% increase from the previous quarter's ₹480.70 crores. On a YoY basis, PBT grew by 22.0% from ₹401.87 crores in Q2FY25. The tax expenses were relatively stable QoQ, with a slight decrease of 0.1% to ₹128.07 crores from ₹128.14 crores in Q1FY26. Profit after tax (PAT) for Q2FY26 was ₹361.45 crores, up 2.5% QoQ from ₹352.62 crores and 19.0% YoY from ₹303.78 crores. The earnings per share (EPS) also showed growth, rising 1.8% QoQ and 20.7% YoY, reaching ₹38.12 in Q2FY26.

Operating Metrics

Total expenses for Solar Industries India Ltd in Q2FY26 amounted to ₹1620.94 crores, demonstrating a 4.8% decline QoQ from ₹1703.01 crores. This decrease in expenses could indicate improved operational efficiencies or cost management strategies. On a YoY basis, expenses increased by 20.6% from ₹1344.41 crores in Q2FY25. Despite the QoQ reduction, the YoY increase in expenses aligns with the overall revenue growth, suggesting an expansion in operations or scale. The financial data does not include specific ratios such as the P/E ratio, debt-to-equity ratio, or current ratio, which are essential for a more comprehensive analysis of the company's financial health. However, the trends in income and expenses reflect robust operational dynamics over the past year.