Q2FY27 presentation: net sales up 69%, PAT up 80% year on year
Solar Industries has shared its investor presentation on the unaudited results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
- Q2FY27 Net Sales
- Rs. 3519 crore against Rs. 2082 crore in Q2FY26, up 69%
- Q2FY27 Profit After Tax
- Rs. 650 crore against Rs. 361 crore, up 80%
- Q2FY27 EBITDA
- Rs. 1021 crore
Quarter at a glance
The presentation summarises unaudited results for the quarter and half year ended September 30, 2026. Growth was broad based across the sales and profit lines on a year-on-year basis.
- Net sales of Rs. 3519 crore in Q2FY27, against Rs. 2082 crore in Q2FY26, a rise of 69%.
- EBITDA of Rs. 1021 crore, up 75% year on year, with EBITDA margin at 29.02% of net sales against 27.95% a year earlier.
- Profit before tax of Rs. 877 crore against Rs. 490 crore, up 79%.
- Profit after tax of Rs. 650 crore against Rs. 361 crore, up 80%.
Where the revenue came from
- Defence: Rs. 1002 crore, about 29% of the quarter's sales, against Rs. 506 crore a year earlier, up 98%.
- International explosives: Rs. 1515 crore, about 43% of sales, up 57%.
- Domestic explosives: Rs. 963 crore, about 27% of sales, up 61%.
- Others: Rs. 39 crore, about 1% of sales.
Defence contributed roughly a fourth of sales a year earlier and close to three-tenths this quarter, with international explosives the single largest block.
Cost side in the quarter
- Material consumed was 47.63% of net sales against 47.44% in Q2FY26.
- Employee cost was 7.57% of net sales against 9.35%.
- Interest and finance cost was Rs. 55 crore, up 77% year on year, at 1.57% of net sales against 1.48%.
First half and sequential picture
- First-half net sales of Rs. 7187 crore against Rs. 4237 crore, up 70%; EBITDA Rs. 2045 crore, PBT Rs. 1789 crore and PAT Rs. 1316 crore, up 84%.
- Compared with Q1FY27, quarterly net sales moved from Rs. 3668 crore to Rs. 3519 crore, and PAT from Rs. 666 crore to Rs. 650 crore.
What this update is
- It is a slide presentation of unaudited results already placed before the board, shared with the exchanges under Regulation 30, and is also hosted on the company's website.
- For a reader, its main use is the segment-wise split and the margin and cost ratios, which help judge where the growth is coming from.
- All figures are in Rs. crore as printed in the presentation, and are unaudited for the quarter and half year ended September 30, 2026.
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More numbers
- Q2FY27 net sales3519
- Q2FY26 net sales2082
- Q2 net sales change year on year69%
- Q2FY27 EBITDA1021
- Q2FY27 profit after tax650
- Q2 profit after tax change year on year80%
- HYFY27 net sales7187
- Q2FY27 defence segment revenue1002
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