Solar Industries India Limited (SOLARINDS) Earnings Call Transcripts
Solar Industries India Limited's Latest Earnings Call - Q4 FY2026
In Q4 FY '26, Solar Industries India Limited reported record quarterly and annual sales, achieving INR 3,053 crores and INR 9,838 crores, respectively. The company posted a significant increase in earnings, with EBITDA and PAT growing 59% and 61% year-on-year to INR 870 crores and INR 556 crores. Management has raised guidance for FY '27, targeting revenue of INR 14,000 crores, driven by strong performance in the defense sector, which saw a 134% revenue increase in Q4.
Reported metrics
| Metric | Value |
|---|---|
| Quarterly Revenue | INR 3,053 crores (beat) |
| Annual Revenue | INR 9,838 crores (beat) |
| Quarterly EBITDA | INR 870 crores (beat) |
| Annual EBITDA | INR 2,750 crores (beat) |
| Quarterly PAT | INR 556 crores (beat) |
| Annual PAT | INR 1,737 crores (beat) |
Guidance from management
Management targets revenue of INR 14,000 crores for FY '27, driven by strong growth in defense and international markets, while maintaining current margins.
What management said
So as far as EBITDA margins are concerned, you are aware that prices of all the commodities has gone up and definitely passing on the same increase sometimes is difficult. But we have increased the prices, and there are rise and fall calculations already in place in our contracts. So that will take care of the actual price rise. But if you look into the overall EBITDA margin, definitely, there will be some, little bi...
Like we always say that for us, our business is one. And next year, we are going to invest around INR 2,050 crores, and we always channelize the CapEx programs based on the priority and the market opportunity available to us.
What analysts pressed on
Analysts expressed concerns regarding the impact of rising commodity prices on margins and potential demand contraction due to high prices. There were also questions about the sustainability of the strong growth in the defense sector and the implications of increased competition in the explosives market.
Main topics on the call
- Record Sales Performance — Solar Industries achieved its highest-ever quarterly sales of INR 3,053 crores, up from INR 2,167 crores year-on-year. Management noted, "We are happy to report that our company has delivered landmark performance," empha...
- Defense Sector Growth — The defense business nearly doubled, with revenue surging 134% in Q4 to INR 1,008 crores. Management stated, "The robust sales pipeline, coupled with strong execution capabilities position us well to sustain this momentu...
- International Business Expansion — International sales grew 32% year-on-year, with management highlighting strong customer relationships as a key factor. They plan to expand into new markets, particularly in Africa, to capitalize on growth opportunities.
- Increased CapEx Plans — Solar Industries plans to invest INR 2,050 crores in CapEx for FY '27 to support growth initiatives. Management noted, "We have invested INR 2,700 crores over the last 2 years," indicating a commitment to expanding opera...
Read the full Solar Industries India Limited transcript (Q4 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Solar Industries India Limited
Solar Industries India Limited (SOLARINDS) is a publicly listed company in the Chemicals industry, within the Materials sector. It trades on NSEI and is based in IN. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 25 calls on record spanning February 12, 2020 to May 15, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 25 Solar Industries India Limited earnings call transcripts on record, spanning February 12, 2020 to May 15, 2026. Based on this history, Solar Industries India Limited reports quarterly. The most recent call on file is dated May 15, 2026. The full list is below — each row opens the complete, free-to-read transcript.