SOLARINDS · Chemicals
Solar Industries India Ltd. reported revenue of ₹1,856 cr for April to June 2026, — on the year and — on the quarter.
Operating profit (EBITDA) was ₹722 cr, a margin of 38.9%, — on the year and — on the quarter.
Net profit was ₹519 cr, — on the year and — on the quarter, with earnings per share of ₹5.74.
Early-stage defence and space businesses are lumpy and order-driven; one contract can make or break a quarter. The quarterly statements do not carry the order book and contract milestones; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Metric | Q2 FY26 |
|---|---|
| Export share | 42% |
| Defence Business Sales Share (6M) | 22% |
Read using the Drones, space and emerging defence tech framework (named in the filing read). Primary valuation lens: EV/Sales against order book.
Read more closely in this sector: Order book concentration · R&D capitalised against expensed.
| Q2 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|
| Revenue | ₹1,125 cr | ₹1,856 cr | ₹1,446 cr |
| YoY | — | — | +28% |
| EBITDA margin | 25.8% | 38.9% | 29.0% |
| Other income, % of PBT | 18% | 4% | 11% |
| Exceptional items | — | — | — |
| Tax rate | 26% | 27% | 25% |
| Net profit | ₹236 cr | ₹519 cr | ₹320 cr |
| YoY | — | — | +35% |
| Core profit YoY | — | — | +46% |
| EPS | ₹2.61 | ₹5.74 | ₹3.54 |
| Flags | · | · | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Solar Industries India Ltd. reported revenue of ₹1,856 cr (— on the year) and net profit of ₹519 cr (— on the year) for April to June 2026.
None of the 2 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.