Solar Industries India Ltd. Q1 FY2027 results: revenue ₹3,668 crore, up 70.3% on the year
Solar Industries India Ltd. (SOLARINDS) reported consolidated revenue from operations of ₹3,668 crore for Q1 FY2027, the quarter ended 30 June 2026, up 70.3% on the same quarter a year earlier. Profit after tax was ₹666 crore, up 89.0% on the year, and earnings per share ₹72.11. The figures are the company's own, from the un-audited results it filed with NSE on 13 August 2026.
The quarter, against the one before and a year earlier
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 3,668 | 3,053 | 2,154 | +70.3% |
| Other income | 9 | 44 | 29 | -70.9% |
| Total income | 3,677 | 3,097 | 2,184 | +68.4% |
| Cost of materials consumed | 1,787 | 1,435 | 995 | +79.6% |
| Purchases of stock-in-trade | 105 | 164 | 122 | -14.4% |
| Changes in inventories | -34 | -78 | -23 | n/a |
| Employee benefit expense | 256 | 253 | 184 | +39.1% |
| Finance costs | 41 | 41 | 27 | +50.4% |
| Depreciation, depletion and amortisation | 80 | 71 | 56 | +42.4% |
| Other expenses | 540 | 453 | 341 | +58.2% |
| Total expenses | 2,774 | 2,339 | 1,703 | +62.9% |
| Profit before exceptional items and tax | 903 | 758 | 481 | +87.8% |
| Exceptional items | 0 | 0 | 0 | n/a |
| Profit before tax | 903 | 758 | 481 | +87.8% |
| Current tax | 234 | 204 | 121 | +92.5% |
| Deferred tax | 12 | -1 | 7 | +69.2% |
| Total tax | 245 | 203 | 128 | +91.3% |
| Profit after tax | 666 | 556 | 353 | +89.0% |
| Attributable to owners of the parent | 653 | 548 | 339 | +92.7% |
| Other comprehensive income | 25 | 126 | 59 | -57.7% |
| Total comprehensive income | 691 | 682 | 411 | +68.0% |
| EPS, basic | ₹72.11 | ₹60.52 | ₹37.43 | +92.7% |
| EPS, diluted | ₹72.11 | ₹60.52 | ₹37.43 | +92.7% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.26 | 0.23 | 0.00 | |
| Debt service coverage | 8.63 | 5.37 | 0.06 | |
| Interest service coverage | 23.97 | 21.28 | 0.19 |
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 2026, filed with NSE on 13 August 2026: the result statement. All of Solar Industries India Ltd.'s results: NSE company page.
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