Solar Industries India Ltd has secured a major defence export order worth ₹1,400 crore, which will be delivered over the next four years. This is one of the biggest export deals for the company’s defence segment and gives strong visibility for future growth.
However, even after such a big announcement, the company’s stock closed 1.17% lower at ₹13,755, with a market cap of ₹1.24 lakh crore.
The company has been focusing heavily on its defence business, which has become a major growth driver. Earlier this month, Solar Industries said it is confident of meeting its FY26 targets, and the current quarter marks the beginning of a new growth phase for its defence vertical.
In the first half of FY26, the defence segment generated ₹900 crore in revenue, growing 57% compared to last year and already covering one-third of its full-year defence guidance of ₹3,000 crore.
The company performed well in the September quarter. Its profit increased by 20.6% compared to last year and reached ₹345 crore. The company’s revenue also went up by 21.4% to ₹2,082 crore.
In the first six months of FY26, the company earned a total revenue of ₹4,237 crore, which means it has already achieved 42% of its full-year target of ₹10,000 crore.
Solar Industries’ international business also hit a new record with ₹960 crore in quarterly revenue, showing 21% growth as the company expanded into new global markets.
With solid first-half numbers, record international revenue, and fresh long-term export orders, Solar Industries is expected to continue its strong growth in the defence segment through the rest of the financial year.
Disclaimer: The information provided here is for general informational purposes only and should not be considered financial, investment, or trading advice. Stock prices and market data are subject to change without notice. Renewable Affairs does not guarantee the accuracy, completeness, or reliability of this information and assumes no responsibility for any investment decisions made based on it. Readers are advised to conduct their own research or consult a qualified financial advisor before making any buying or selling decisions.
Source
0 Comments