$SOLARINDS shares jumped more than 8%, hitting a fresh lifetime high, after the company reported a record Q1 FY27 performance. Key Financial Highlights Net Profit: ₹652.55 crore, up 93% YoY Revenue from Operations: ₹3,668 crore, up 70% YoY EBITDA: ₹1,024 crore, up 82% YoY Order Book: ₹21,350 crore FY27 Revenue Guidance: ₹14,000 crore The biggest growth driver was the defence business, which grew 123% YoY during the quarter. The international explosives business also grew 65%, while domestic explosives revenue increased 52%. Why This Matters The results highlight a significant shift in Solar Industries' growth profile, with defence emerging as an increasingly important contributor alongside its traditional explosives business. The strong order book of ₹21,350 crore provides substantial revenue visibility, while management's ₹14,000 crore FY27 revenue guidance indicates confidence in continued execution. The company has also planned ₹2,050 crore of capital expenditure, of which around ₹450 crore was already deployed in Q1.

#EquityResearch

514 likes·32 comments