Audited Financial Results (Standalone and Consolidated) of the Company for the quarter and year ended on March 31, 2026.
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Solar Industries India reported strong FY26 results with consolidated revenue of Rs 9,838 crore, up 30.5% from Rs 7,540 crore in FY25. Net profit grew 34.8% to Rs 1,737 crore from Rs 1,288 crore. Standalone revenue rose 25.2% to Rs 5,579 crore with net profit up 52% to Rs 1,222 crore. The company applied Ind AS 29 (hyperinflation accounting) for its Turkish subsidiaries with a net restatement impact of Rs 94.53 crore debited to expenses. Results were also restated due to final fair value determination of Problast Group acquisition (completed July 2024), with goodwill finalized at Rs 117.27 crore. The board recommended a 550% dividend (Rs 11 per share). Operating margins expanded to 24.1% consolidated and 26.2% standalone. Debt-to-equity ratio remains healthy at 0.23.
Strong growth trajectory with 30%+ revenue and PAT expansion. The restatement of prior period figures and hyperinflation impact on Turkish operations are notable but do not indicate any fundamental concerns. Healthy financial metrics support continued positive sentiment.