The call ran from 11:01 AM to 11:43 AM IST (43 min).
Key takeaways
Solar Industries delivered a massive quarterly beat driven by strong defense execution and international expansion.
| Management target | Revenue FY27 |
|---|
| Revenue growth | 69% YoY growth driven by defense and international segments. |
|---|---|
| Margins | EBITDA margins expanded to 29.02% from 28% prior year. |
| Order book | Massive ₹20,178 Cr order book; defense constitutes ₹17,568 Cr. |
| Demand visibility | Strong visibility from domestic mining, infrastructure, and global defense exports. |
| Management confidence | High; explicitly stating they will surpass prior annual guidance. |
Growth
Revenue grew 69% YoY to ₹3,519 Cr; PAT surged 80% to ₹650 Cr.
Outlook
Management raised annual guidance for FY27, expecting to surpass the original 14,000 Cr revenue target.
Risks
Prolonged trial-to-order cycles in advanced missile programs; supply chain and commodity price volatility.
Last quarter's promises, checked
Delivered
- Guided FY27 EBITDA margin 28-29% → Q delivered 29.02% (= BEAT, single quarter)
Partly delivered
- Guided FY27 revenue ~₹14,000 Cr → Q revenue ₹3,519 Cr; FY27 target raised above ₹14,000 Cr (= PARTIAL, FY incomplete)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Solar Industries India Q2 FY27 Results: Net Profit ₹650 Cr, Up 79.9% YoY
Solar Industries India Ltd reported revenue from operations of ₹3,519 Cr (+69.0% YoY) and net profit of ₹650 Cr (+79.9% YoY) for Q2 FY27.
- Key figure
- Net profit ₹650 Cr · +79.9% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
₹12,000Cr capex for defense; target net-debt-to-EBITDA below 2.0x post-acquisition; expansion into 100+ countries.
Growth they described
Projects FY28 revenue growth from ₹14,000Cr base to ₹16,500Cr (Solar standalone) plus ₹15,000Cr+ from Omnia.
Call details
| Company | Solar Industries India Ltd |
|---|---|
| NSE symbol | SOLARINDS |
| ISIN | INE343H01029 |
| Call | Q2 FY27 earnings call |
| Date | Wednesday, 4 November 2026 |
| Time | 11:00 AM IST |
| Length | 43 min |
| Audio | Our stream on YouTube ↗ |
Solar Industries India Ltd: key numbers
- Share price
- ₹19,393.00
- Market cap
- ₹1,75,487 Cr
- Revenue (annual)
- ₹9,838 Cr
- Net profit (annual)
- ₹1,678 Cr
- P/E (TTM)
- 77.5×Sector 51.9×
- Promoter holding
- 73.15%+0.00% QoQ
- FII holding
- 6.13%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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