Solar Industries Q3 FY26 Earnings Results Out: Revenue Rises 29% YoY

Solar Industries India delivered a strong performance in the December quarter of FY26, reporting its highest-ever quarterly revenue and EBITDA. The defence-focused explosives manufacturer also saw its stock rise sharply after the results, reflecting positive investor sentiment.

Key Highlights of Solar Industries Q3 FY26 Earnings Results

The strong growth was supported by higher volumes, improved operating efficiency, and robust demand from the defence segment.

Record Order Book Strengthens Visibility

During the quarter, Solar Industries reported its highest-ever order book of over ₹21,000 crore. The defence business continued to be a key growth driver, recording strong execution and higher contribution to overall revenues. Defence revenues crossed ₹700 crore in the quarter, highlighting the company’s expanding presence in this strategic sector.

Solar Industries Share Price Performance 

Following the earnings announcement, Solar Industries share price ended 5.01% higher at ₹13,868, compared with the previous close of ₹13,197. The company’s market capitalisation rose to around ₹1.25 lakh crore.

Business Overview

Solar Industries is a leading Indian manufacturer of industrial explosives used in mining and infrastructure, along with a growing portfolio of defence explosives and ammunition-related products. Its diversified operations and rising defence exposure have helped improve earnings stability and long-term growth prospects.

Read more: Adani Ports Q3 FY26 Earnings Results: Profit Jumps 21% as Expansion Drives Growth.

Conclusion

The Solar Industries Q3 FY26 earnings results highlighted strong execution, record financial performance, and a healthy order pipeline. With defence orders gaining momentum and margins improving, the company remains well-positioned for sustained growth. The positive stock reaction reflects investor confidence in Solar Industries’ expanding role within India’s defence and infrastructure ecosystem.

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