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Solar Defence & Aerospace (formerly known as Economic Explosives), wholly owned subsidiary of Solar Industries India, has signed a contract on 22 June 2025, for supply of Defence Product with Ministry of Defence, Government of India.
The contract is for value of Rs 158 crore to be delivered within a period of 1 (one) year.
Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives, and initiating systems, which find application in the mining, infrastructure, and construction industries.
The company’s consolidated net profit jumped 37.09% to Rs 322.23 crore on 34.51% increase in revenue from operations to Rs 2,166.55 crore in Q4 FY25 over Q4 FY24.
The scrip rose 0.72% to Rs 17,119.95 on the BSE.
The domestic supply contract would be executed over a period of two years.
Solar Industries India (SIIL) is the flagship company of the Solar Group. SIIL, along with its subsidiaries, manufactures bulk explosives, packaged explosives, and initiating systems, which find application in the mining, infrastructure, and construction industries. The Group forayed into the defence sector in 2010 and diversified into the manufacturing of propellants for missiles and rockets, warheads, and warhead explosives.
The company's consolidated net profit rose 54.86% to Rs 314.87 crore on a 38.06% increase in sales to Rs 1,973.08 crore in Q3 FY25 as compared with Q3 FY24.
The scrip rose 0.27% to currently trade at Rs 16,145.75 on the BSE.
For the full year,net profit rose 44.68% to Rs 1209.44 crore in the year ended March 2025 as against Rs 835.93 crore during the previous year ended March 2024. Sales rose 24.23% to Rs 7540.26 crore in the year ended March 2025 as against Rs 6069.52 crore during the previous year ended March 2024.