Solar Industries India Ltd. Q1 FY2026 results: revenue ₹2,154 crore, up 27.1% on the year
Solar Industries India Ltd. (SOLARINDS) reported consolidated revenue from operations of ₹2,154 crore for Q1 FY2026, the quarter ended 30 June 2025, up 27.1% on the same quarter a year earlier. Profit after tax was ₹353 crore, up 17.3% on the year, and earnings per share ₹37.43. The figures are the company's own, from the un-audited results it filed with NSE on 7 August 2025.
The quarter, against the one before and a year earlier
| Line | Q1 FY2026 | Q3 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,154 | 1,973 | 1,695 | +27.1% |
| Other income | 29 | 10 | 24 | +20.5% |
| Total income | 2,184 | 1,983 | 1,719 | +27.0% |
| Cost of materials consumed | 995 | 885 | 814 | +22.2% |
| Purchases of stock-in-trade | 122 | 130 | 97 | +26.8% |
| Changes in inventories | -23 | 13 | -40 | n/a |
| Employee benefit expense | 184 | 151 | 131 | +40.2% |
| Finance costs | 27 | 31 | 27 | -0.1% |
| Depreciation, depletion and amortisation | 56 | 47 | 40 | +40.0% |
| Other expenses | 341 | 267 | 244 | +39.9% |
| Total expenses | 1,703 | 1,524 | 1,313 | +29.7% |
| Profit before exceptional items and tax | 481 | 458 | 406 | +18.3% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 481 | 458 | 406 | +18.3% |
| Current tax | 121 | 116 | 108 | +12.7% |
| Deferred tax | 7 | 6 | 0 | +11266.7% |
| Total tax | 128 | 122 | 108 | +18.9% |
| Profit after tax | 353 | 338 | 301 | +17.3% |
| Attributable to owners of the parent | 339 | 315 | 286 | +18.2% |
| Other comprehensive income | 59 | -34 | 5 | +1187.7% |
| Total comprehensive income | 411 | 303 | 305 | +34.8% |
| EPS, basic | ₹37.43 | n/a | ₹31.66 | +18.2% |
| EPS, diluted | ₹37.43 | n/a | ₹31.66 | +18.2% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q1 FY2026 | Q3 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.00 | 0.00 | 0.00 | |
| Debt service coverage | 0.06 | 0.05 | 0.04 | |
| Interest service coverage | 0.19 | n/a | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Quarterly results, the last 12 quarters
| Q1 FY2024 | Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,682 | 1,347 | 1,429 | 1,611 | 1,695 | 1,716 | 1,973 | 2,154 | 2,082 | 2,548 | 3,053 | 3,668 |
| Expenses | 1,418 | 1,070 | 1,140 | 1,326 | 1,313 | 1,344 | 1,524 | 1,703 | 1,621 | 1,937 | 2,339 | 2,774 |
| Operating profit | 323 | 336 | 356 | 354 | 449 | 445 | 527 | 535 | 553 | 708 | 826 | 1,015 |
| OPM % | 19% | 25% | 25% | 22% | 27% | 26% | 27% | 25% | 27% | 28% | 27% | 28% |
| Other income | 8 | 8 | 11 | 18 | 24 | 30 | 10 | 29 | 29 | 25 | 44 | 9 |
| Interest | 25 | 25 | 28 | 32 | 27 | 30 | 31 | 27 | 31 | 34 | 41 | 41 |
| Depreciation | 34 | 34 | 39 | 37 | 40 | 44 | 47 | 56 | 61 | 63 | 71 | 80 |
| Exceptional items | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1 | 0 | 0 | 0 |
| Profit before tax | 273 | 285 | 300 | 303 | 406 | 402 | 458 | 481 | 490 | 636 | 758 | 903 |
| Tax % | 26% | 26% | 26% | 21% | 27% | 26% | 27% | 27% | 26% | 27% | 27% | 27% |
| Net profit | 202 | 209 | 222 | 243 | 301 | 304 | 338 | 353 | 362 | 467 | 556 | 666 |
| EPS in ₹ | ₹21.82 | ₹22.12 | ₹22.47 | ₹25.98 | ₹31.66 | ₹31.59 | n/a | ₹37.43 | ₹38.12 | ₹49.31 | ₹60.52 | ₹72.11 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 30 June 2025, filed with NSE on 7 August 2025: the result statement. All of Solar Industries India Ltd.'s results: NSE company page.
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