The company also aims to maintain its EBITDA margins at the current level of 28% in the new financial year. The stock gained over 4% in response to this guidance.
Doubling Down On Defence
Solar Industries expects ₹4,500 crore of the financial year 2027 revenue guidance to come from the defence business. The Defence business grew by 94% during the previous financial year, taking revenue to ₹2,634 crore.
The company is also doubling down on the international business, which grew by 32% from last year in financial year 2026.
Domestically, the company is expanding its manufacturing footprint — recent plants in Northern and Western India are being complemented by upcoming facilities in the East and South. The defence vertical is described as maturing into a “powerful standalone platform” driving deep-tech innovation.
Solar Industries has planned a capex of ₹2,050 crore for financial year 2027.
Solar Industries In Q4
For the March quarter, Solar Industries reported a 70.2% growth in its net profit at ₹548 crore from ₹322 crore last year.
Revenue for the quarter grew by 41% on a year-on-year to ₹3,053 crore from ₹2,167 crore earlier.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) for the quarter increased by 53% on a year-on-year basis to ₹826 crore, while margins expanded by 220 basis points to 27.1% from 24.9% earlier.
Shares of Solar Industries are trading 4.2% higher on Friday after the earnings announcement at ₹17,360. The stock, with this move, has extended its gains to 42% for 2026 so far.
