Solar Industries India reports record Rs 9,838 crore revenue in FY26

Arunika Jain — Fri, 15 May 2026 09:35:43 +0000

Solar Industries India Limited (SIIL) has announced its financial results for the fiscal year 2026, showcasing a record-breaking performance with significant growth in sales and profitability. The company reported its highest-ever quarterly and annual sales figures, reaching ₹3,053 crore for the fourth quarter and ₹9,838 crore for the full year.

The company also achieved its highest-ever quarterly and annual EBITDA, amounting to ₹870 crore and ₹2,750 crore, respectively. The quarterly and yearly profit after tax (PAT) also reached unprecedented levels at ₹556 crore and ₹1,737 crore, marking a year-on-year growth of 61% and 35% respectively.

Managing Director and CEO, Mr. Manish Nuwal, expressed satisfaction with the company’s performance, highlighting the robust sales from international and defence sectors as key drivers. The EBITDA margin for the quarter was recorded at 28.51%, while the annual margin stood at 27.95%.

The defence segment of Solar Industries saw remarkable growth, with revenue surging by 134% in the fourth quarter and 94% for the year, reaching ₹1,008 crore and ₹2,634 crore, respectively. Mr. Nuwal noted the company’s strong execution capabilities and a robust sales pipeline, projecting defence revenue to exceed ₹4,500 crore in FY27.

The international business also performed well, registering a 32% year-on-year growth. Mr. Nuwal emphasised the company’s ability to establish strong customer relationships and capitalise on global opportunities.

Looking ahead, Solar Industries plans to expand its domestic footprint with new plants in Northern, Western, Eastern, and Southern India. The company aims to achieve ₹14,000 crore in revenue for FY27 while maintaining current margins, backed by a strong order book of ₹21,300 crore.

To support its growth plans, the company has invested over ₹2,700 crore in the past two years and has a planned CAPEX of ₹2,050 crore for FY27. Additionally, a dividend of ₹11 per share has been proposed for FY26-27, up from ₹10 per share in the previous year, reflecting confidence in its financial health and commitment to shareholders.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

Manish Nuwal | Business Upturn

Solar Industries India reports record Rs 9,838 crore revenue in FY26