{"id":179535,"date":"2026-02-04T06:57:08","date_gmt":"2026-02-04T11:57:08","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179535"},"modified":"2026-02-04T06:57:11","modified_gmt":"2026-02-04T11:57:11","slug":"solar-industries-q3-fy26-earnings-results-2","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/solar-industries-q3-fy26-earnings-results-2\/","title":{"rendered":"Solar Industries Q3 FY26 Earnings Results"},"content":{"rendered":"\n<p>Solar Industries is one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components which find applications in the mining, infrastructure and construction industries. Company manufactures high-energy explosives, delivery systems, ammunition filling and pyros fuses for the defence sector.<\/p>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q3 FY26 Earnings Results<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b92,548.32 cr, <strong>+29.1% YoY<\/strong> vs \u20b91,973.08 cr in Q3 FY25, strong top-line growth. <\/li>\n\n\n\n<li><strong>PAT:<\/strong> \u20b9466.67 cr, <strong>+40% YoY<\/strong> (vs \u20b9352 cr in Q3 FY25).<\/li>\n\n\n\n<li><strong>Other key metrics:<\/strong><br>\u2022 <strong>PBT:<\/strong> \u20b9490 cr range supported by net profit trends. <br>\u2022 <strong>EPS:<\/strong> \u20b949.3 per share (approx). <br>\u2022 <strong>Order Book:<\/strong> Strong at \u20b921,200 cr+, underpinned by defence &amp; large institutional demand (as highlighted in reports). <\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary &amp; Strategic Decisions<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Management emphasised <strong><a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/0f3de2e2-82b2-4830-ab6d-df52adc4c101.pdf\" target=\"_blank\" rel=\"noopener\">robust sales and profitability growth<\/a> across key business verticals<\/strong>, especially driven by defence and international market demand, reinforcing its position in explosive products &amp; defence supply chains. <\/li>\n\n\n\n<li>Leadership highlighted an <strong>expanding order book<\/strong>, notably from Coal India, SCCL and defence sector contracts, bolstering near-term revenue visibility. <\/li>\n\n\n\n<li>Strategic execution on <strong>acquisitions (e.g., Problast Group)<\/strong> with finalized purchase price allocation reflects positioning for broader global footprint. <\/li>\n\n\n\n<li>The company continues to <strong>scale high-value segments and diversify geographies<\/strong>, with focus on margin expansion and operational leverage, likely to feature in earnings call insights. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:34px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Q2 FY26 Earnings Results <\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Revenue from Operations:<\/strong> \u20b92,082.22 cr, <strong>+21% YoY<\/strong>, <strong>-3.3% QoQ<\/strong>, strong year-on-year demand, mild sequential seasonality. <\/li>\n\n\n\n<li><strong>EBITDA:<\/strong> \u20b9582 cr, <strong>+22% YoY<\/strong>; <strong>EBITDA Margin:<\/strong> 27.9%, record quarterly EBITDA highlighting operational efficiency.<\/li>\n\n\n\n<li><strong>PAT:<\/strong> \u20b9361.45 cr, <strong>+19% YoY<\/strong>, <strong>+2.5% QoQ<\/strong>; <strong>PAT Margin:<\/strong> 17.4%.<\/li>\n\n\n\n<li><strong>Other key metrics:<\/strong><br>\u2022 <strong>PBT:<\/strong> \u20b9490.46 cr, <strong>+22% YoY<\/strong>. <br>\u2022 <strong>EPS:<\/strong> \u20b938.12. <\/li>\n<\/ul>\n\n\n\n<div style=\"height:32px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Management Commentary Q2<\/strong><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Manish Nuwal (MD &amp; CEO)<\/strong> underlined <em>record quarterly EBITDA and PAT<\/em> driven by defence and international revenue, \u201chighest ever quarterly EBITDA of \u20b9582 cr and PAT of \u20b9361 cr\u201d reflecting strong execution. <\/li>\n\n\n\n<li><strong>Defence segment<\/strong> reported significant growth with revenue crossing \u20b9500 cr, while international business hit \u20b9960 cr, showcasing global expansion and diversified fuel for future quarters. <\/li>\n\n\n\n<li>Management noted domestic mining and coal market softness due to monsoon impacts but reinforced confidence in annual guidance supported by international and defence order strength.<\/li>\n<\/ul>\n\n\n\n<p>To view the company\u2019s previous earnings and latest concall transcripts,&nbsp;<a href=\"https:\/\/alphastreet.com\/india\/\">click here<\/a>&nbsp; to visit the Alphastreet India news channel.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Solar Industries is one of the largest domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords and components which find applications in the mining, infrastructure and construction industries. Company manufactures high-energy explosives, delivery systems, ammunition filling and pyros fuses for the defence sector. Q3 FY26 Earnings Results Management Commentary &amp; Strategic Decisions Q2 FY26 [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[105,5753],"tags":[1703,8178],"class_list":["post-179535","post","type-post","status-publish","format-standard","hentry","category-infographics","category-industrials","tag-construction","tag-mining"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179635,"url":"https:\/\/alphastreet.com\/india\/tube-investments-q3-fy26-earnings-results\/","url_meta":{"origin":179535,"position":0},"title":"Tube Investments Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 5, 2026","format":false,"excerpt":"Tube Investments of India Limited (TII) is one of India\u2019s leading manufacturers of a wide range of products for major industries such as Automotive, Railway, Construction, Mining, Agriculture, etc. The Company\u2019s 3 main verticals are Engineering, Metal Formed Products and Bicycles. 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EBITDA \/\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":179338,"url":"https:\/\/alphastreet.com\/india\/pb-fintech-q3-fy26-earnings-results\/","url_meta":{"origin":179535,"position":3},"title":"PB Fintech Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"February 3, 2026","format":false,"excerpt":"PB Fintech Ltd, popularly known as\u00a0Policy Bazar\u00a0is India\u2019s largest online platform for insurance and lending products through its flagship brands - Policybazaar and Paisabazaar platform through which they provide convenient access to insurance, credit and other financial products. 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In 2010, SIL also entered the defence industry and expanded its product line to include warheads, warhead explosives, and rocket and missile propellants. 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