Solar Industries India Limited (SIIL) has announced a significant surge in its unaudited financial results for the quarter and half-year ending on 30 September 2026. The company reported consolidated revenues of ₹3,519 crore for the second quarter of FY2026-27, marking a 69% increase compared to the same period last year. For the half-year, the revenue reached ₹7,187 crore, reflecting a 70% year-on-year growth. The company’s performance was bolstered by its diverse business sectors, including Domestic Explosives, International Explosives, and Defence.
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) stood at ₹1,021 crore for Q2 FY2026-27, with a margin of 29.02%, and ₹2,045 crore for the first half, with a margin of 28.45%. Profit after tax for the quarter was ₹650 crore, while the half-year profit was ₹1,316 crore. SIIL’s order book, valued at ₹20,178 crore, provides substantial visibility for future execution, positioning the company well for continued growth.
Manish Nuwal, Managing Director and CEO of SIIL, expressed satisfaction with the company’s robust performance, attributing it to the resilience of its business model and strategic investments. The Domestic Explosives segment benefited from strong demand in mining and infrastructure, while the International Explosives business capitalised on deeper customer relationships and market penetration. The Defence sector saw growth through the execution of existing orders and the development of indigenous products.
Analysts view SIIL’s performance as a testament to its strategic positioning in the explosives and defence sectors. The company’s expanding manufacturing footprint and technology-driven product development are expected to sustain its growth trajectory. With a strong order book and ongoing market opportunities, SIIL is poised to exceed its annual guidance for FY2026-27, reinforcing its status as a leader in the global explosives and defence markets.
