Updates of Unaudited Financial Results for the quarter June 30, 2025
SOLARINDS · price
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Solar Industries reported its highest-ever quarterly EBITDA of ₹564 cr and PAT of ₹353 cr for Q1 FY26. Net revenue grew 28% year-on-year to ₹2,154 cr, up from ₹1,685 cr in Q1 FY25. International business revenue hit a record ₹826 cr (up 43% YoY), and the defence vertical surged 115% YoY to ₹418 cr, supported by a strong order book of around ₹15,000 cr. However, EBITDA margin slipped to 26.18% from 28.11% a year ago, and PAT margin fell to 16.37% from 17.84%, partly due to weaker domestic explosives demand from an early monsoon and softer mining activity.
Strong topline growth and record profits are positive for shareholders, with defence and international businesses emerging as clear long-term growth drivers. Margin compression is a mild watchpoint but does not undermine the overall healthy performance.