Now Reading: Solar Industries Q1 net profit jumps 92.6% to Rs 666 crore
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Solar Industries Q1 net profit jumps 92.6% to Rs 666 crore
Solar Industries reported a 92.6% jump in net profit to Rs 666 crore for the April-June quarter, with revenue rising 70.3% to Rs 3,668 crore. Growth was led by a 123% surge…
The Story in Brief
Solar Industries reported a 92.6% jump in net profit to Rs 666 crore for the April-June quarter, with revenue rising 70.3% to Rs 3,668 crore. Growth was led by a 123% surge in its defence business, while international explosives grew 65% and domestic explosives rose 52%.
EBITDA climbed 82% to Rs 1,024 crore, and margin expanded to 27.7% from 24.8%. The company holds an order book of Rs 21,350 crore and targets Rs 14,000 crore in revenue for FY27. Shares hit a record high, closing 6.43% up at Rs 20,290, their biggest gain in six months.
The Indian Opinion
The narrative that defence-linked stocks grow only on government contracts misses the point. Solar Industries’ explosives business, domestic and international, also rose sharply, showing broad demand from mining and infrastructure. The real test will be whether the company can sustain margins above 27% when raw-material costs turn unfavourable. Can it maintain the same pace of international expansion if geopolitical tensions disrupt supply chains? The next quarter’s export numbers will tell.
Sources (3): freepressjournal.in, livemint.com, businesstoday.in
This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources.
