Mutual Funds Sahi Hai!
To avail the service, you will be redirected to loans.geojitcredits.com
The names of the clients have been kept confidential.
The order, placed by international entities, involves the supply of defence products and will be executed over a period of 4 years.
The company clarified that neither its promoters nor the promoter group have any interest in the awarding entities, and the transaction does not qualify as a related-party deal.
Solar Industries India is primarily involved in manufacturing of complete range of industrial explosives and explosive initiating devices. It manufactures various types of packaged emulsion explosives, bulk explosives and explosive initiating systems.
The company's consolidated net profit jumped 20.7% to Rs 344.97 crore on 21.4% rise in revenue from operations to Rs 2082.22 crore in Q2 FY26 over Q2 FY25.
Shares of Solar Industries India shed 0.28% to Rs 13,878.30 on the BSE.
On sequentially, the company’s consolidated net profit rose 1.85% and 3.35% decline in revenue.
Total expenses increased 20.56% to Rs 1,620.94 crore in Q2 FY26 as compared with Rs 1,344.41 crore in Q2 FY25. Cost of raw material consumed stood at Rs 908.18 crore (up 33.25% YoY), employee benefit expenses was at Rs 194.70 crore (up 34.56% YoY) during the period under review.
Profit before tax (PBT) for the quarter stood at Rs 489.52 crore in Q2 FY26, up 20.28% from Rs 406.97 crore reported in Q2 FY25.
On half-year basis, the company's consolidated net profit rose 19.15% to Rs 683.67 crore on 24.58% increase in revenue to Rs 4,236.67 crore in H1 FY26 over H1 FY25.
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 also clarified that neither its promoters nor any member of the promoter group has any interest in the awarding authority, and the transaction does not fall under the category of related party transactions as per regulatory requirements.
The company’s consolidated net profit jumped 18.2% to Rs 338.70 crore on 27.9% increase in revenue from operations to Rs 2,154.45 crore in Q1 FY26 over Q1 FY25.
The scrip declined 1.12% to Rs 13,986.80 on the BSE.