Solar Industries India Ltd. Q3 FY2026 results: revenue ₹2,548 crore, up 29.2% on the year
Solar Industries India Ltd. (SOLARINDS) reported consolidated revenue from operations of ₹2,548 crore for Q3 FY2026, the quarter ended 31 December 2025, up 29.2% on the same quarter a year earlier. Profit after tax was ₹467 crore, up 38.2% on the year, and earnings per share ₹49.31. The figures are the company's own, from the un-audited results it filed with NSE on 3 February 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 2,548 | 2,082 | 1,973 | +29.2% |
| Other income | 25 | 29 | 10 | +162.8% |
| Total income | 2,573 | 2,111 | 1,983 | +29.8% |
| Cost of materials consumed | 1,116 | 908 | 885 | +26.1% |
| Purchases of stock-in-trade | 159 | 122 | 130 | +22.2% |
| Changes in inventories | -34 | -43 | 13 | n/a |
| Employee benefit expense | 214 | 195 | 151 | +41.9% |
| Finance costs | 34 | 31 | 31 | +12.7% |
| Depreciation, depletion and amortisation | 63 | 61 | 47 | +32.5% |
| Other expenses | 385 | 347 | 267 | +44.1% |
| Total expenses | 1,937 | 1,621 | 1,524 | +27.1% |
| Profit before exceptional items and tax | 636 | 490 | 458 | +38.8% |
| Exceptional items | 0 | -1 | 0 | n/a |
| Profit before tax | 636 | 490 | 458 | +38.8% |
| Current tax | 164 | 122 | 116 | +41.4% |
| Deferred tax | 5 | 5 | 6 | -5.3% |
| Total tax | 169 | 128 | 122 | +39.3% |
| Profit after tax | 467 | 362 | 338 | +38.2% |
| Attributable to owners of the parent | 446 | 345 | 315 | +41.7% |
| Other comprehensive income | 61 | 58 | -34 | n/a |
| Total comprehensive income | 527 | 420 | 303 | +73.9% |
| EPS, basic | ₹49.31 | ₹38.12 | n/a | n/a |
| EPS, diluted | ₹49.31 | ₹38.12 | n/a | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | Q3 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.22 | -0.16 | 0.00 | |
| Debt service coverage | 7.32 | 5.08 | 0.05 | |
| Interest service coverage | 21.95 | 17.75 | 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 31 December 2025, filed with NSE on 3 February 2026: the result statement. All of Solar Industries India Ltd.'s results: NSE company page.
The same record on your computer
GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.