Q4 2026 Solar Industries India Ltd Earnings Call Transcript
Key Points
- Solar Industries India Ltd (BOM:532725) reported its highest-ever quarterly and annual sales, with INR3,053 crores for the quarter and INR9,838 crores for the year.
- The company achieved record quarterly EBITDA and PAT, growing by 59% and 61% year-on-year, respectively.
- The defense business nearly doubled, with revenue surging 134% in Q4 and 94% for the full year.
- International business registered a growth of 32% year-on-year, highlighting strong global market penetration.
- The company has a robust order book of INR21,300 crores, positioning it well for future growth with a revenue target of INR14,000 crores for FY27.
- There was no growth in the domestic mining markets, which could impact future domestic sales.
- The working capital days increased due to higher inventory levels, impacting cash flow.
- The contribution of subsidiaries to the consolidated bottom line was relatively muted, indicating potential inefficiencies.
- Commodity price increases, particularly in raw materials, could pressure margins despite price adjustments.
- Potential demand contraction due to high commodity prices could affect sales in the short term.
Ladies and gentlemen, good day, and welcome to the Solar Industries Q4 FY26 Earnings Call, hosted by Motilal Oswal Financial Services. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Ms. Teena Virmani from Motilal Oswal Financial Services. Thank you, and over to you, ma'am.
Yes, thanks. Good evening, everyone. On behalf of Motilal Oswal Financial Services, we thank the management of Solar Industries to give us an opportunity to host the call. From the management team, we have Mr. Manish Nuwal, Managing Director and CEO; Mr. Suresh Menon, Executive Director; Mr. Milind Deshmukh, Executive Director; Mr. Moneesh Agrawal, Joint CFO; and Mrs. Shalinee Mandhana, Joint CFO.
Over to you, Mr. Manish for your opening remarks. And after that, we will open the floor for Q&A.
Thank you, Teena. A very good evening to
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