Solar Industries India Limited — Investor Meet, 24-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Solar Industries reported record revenues of INR2,167 Cr for the quarter and INR7,540 Cr for the year, with EBITDA margins at 27%, above guidance. Defense revenue jumped 162% YoY to INR1,355 Cr, now 18% of sales, supported by a strong INR15,000 Cr order book including INR6,084 Cr for Pinaka rockets. International business grew 18%, contributing 38% of revenue. Planned capex is INR2,500 Cr to boost defense, aerospace, and advanced ammo, aiming for INR10,000 Cr revenue by FY26 with defense sales crossing 30%. Management is confident on margins and order growth amid geopolitical factors.