Solar Industries Posts Stellar Q1 Earnings with Profit Nearly Doubling
The explosives manufacturer reported a 70% surge in revenue and an 89% jump in profit year-on-year, maintaining strong momentum.
Solar Industries India delivered a powerful Q1 FY27, with revenue and profit soaring by over 70% and 89% respectively compared to last year. Profitability also expanded significantly.
Solar Industries India has kicked off FY27 with a powerful earnings report, showcasing explosive growth in both its top and bottom lines. The company's revenue and profit surged by over 70% and 89% respectively compared to the same quarter last year, signaling robust demand and operational strength.
This stellar performance was not just a one-off annual jump. Sequentially, revenue grew by 20.2% and profit by 19.8% from the previous quarter (Q4 FY26), indicating sustained momentum. The company's net profit margin expanded to 18.2%, a significant improvement from 16.4% a year ago, demonstrating that profit growth is outpacing sales growth.
A look at the last five quarters reveals a clear, upward trajectory for the company.
Revenue & profit
Revenue (₹ Cr)
Profit (₹ Cr)
Net Profit Margin (%)
| Metric | CurrentQ1 FY27 | PreviousQ4 FY26 | Same quarter LYQ1 FY26 |
|---|---|---|---|
| Revenue (₹ Cr) | 3,668.2YoY +70% | 3,052.75 | 2,154.45 |
| Profit (₹ Cr) | 666.37YoY +89% | 556.03 | 352.62 |
| Net Profit Margin (%) | 18.2YoY +11% | 18.2 | 16.4 |
The company's trailing twelve-month (TTM) performance remains solid, with a net profit margin of 18.1% on revenue of over ₹11,351 crore. This financial strength is underpinned by a high-quality balance sheet, as indicated by a return on equity (ROE) of 32.5% and a comfortable debt-to-equity ratio of 0.23.
Investors have clearly rewarded this growth story, with the stock delivering a 32% return over the past year and a staggering 380% over three years. This optimism is reflected in the stock's valuation, which trades at a premium to its industry peers. The challenge for Solar Industries will be to maintain this blistering pace of growth and justify its premium valuation in the quarters ahead.
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