Solar Industries India Limited has informed the Exchange about Transcript
SOLARINDS · price
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Solar Industries India reported its highest-ever quarterly EBITDA of ₹564 crores and PAT of ₹353 crores for Q1 FY26, with revenue up 28% year-on-year at ₹2,154 crores. International business surged 43% to ₹826 crores, and defense revenue grew 115% to ₹418 crores, driven by a strong order book of around ₹15,000 crores (₹8,000 crores international). Management reaffirmed FY26 revenue guidance of over ₹10,000 crores (₹3,000 crores from defense, ₹3,500–4,000 crores international) and a medium-term 4-5 year target of ₹20,000 crores revenue and ₹8,000 crores from defense. The company plans ₹2,500 crores of capex in FY26, with the Kazakhstan plant expected by October and Pinaka rocket commercialization from end of Q2. EBITDA margin was impacted by ~1.5% from currency fluctuations and hyperinflation accounting (Turkey), plus higher staff costs and depreciation, with management calling ~27% margin a reasonable expectation.
Strong topline growth across international and defense segments is positive, but near-term margins are under pressure from rising costs, forex, and hyperinflation. Stock may see muted reaction near-term on margin concerns, though long-term growth trajectory remains intact with robust order pipeline and clear defense capex roadmap.