Greater Noida: Solar Industries India Limited (SIIL) announced its unaudited financial results on Tuesday for the
quarter & nine month ended Dec 31 st,2025.
Prior to outlining the quarterly and nine-month results, Manish Nuwal would like to extend his heartfelt gratitude to all the stakeholders by sharing a milestone that brings great pride to our company: the conferment of the “Padma Shri”, one of the India’s highest civilian honours upon our respected Chairman Satyanarayan ji Nuwal. This award serves as a testament to his distinguished service and contribution to the nation and the defence industry.
Presenting the Quarterly results, Manish Nuwal, Managing Director & CEO of Solar Industries India Limited shared, “Our Q3 results highlight the strength of our strategic execution, contributing to a meaningful uplift in net revenue from 1973cr to 2548cr yoy. We have registered strongest quarter again with growth in revenue of 29%. We achieved highest ever quarterly EBIDTA & PAT at 733cr & ₹467cr registering a growth of 37% & 38% yoy respectively and highest ever nine monthly EBIDTA & PAT at 1879cr & 1181cr registering a growth of 27% & 25%. This strong momentum is driven by business initiatives in the explosives and defence sectors.
Manish presented exceptional third-quarter performance of international business, he said, “Our International business grew 35% year-on-year and reached best ever ₹1000or+ in revenue. The global economy is witnessing a steady rise in demand for key commodities and industrial metals. This surge is largely driven by rapid urbanization, expanding infrastructure projects, and clean energy technologies. These trends are reshaping commodity markets and reinforcing the strategic importance of minerals essential to long-term economic development. Our extensive and versatile product portfolio, supported by continued innovation in specialized explosives and technical mining services, firmly strengthens our competitive market position in this scenario.”
Manish said, “Solar’s defence business evidenced a record-breaking order book of ₹21000cr+, and showed splendid growth of 72% by hitting revenue of ₹700cr+ in the quarter. This growth reflects our capabilities to convert aspirational goals to manufacturing reality in this sector. During the recent visit of Defence Minister Rajnath Singh Ji’s we got this privilege to showcase one of the most integrated facilities in the ammunition sector and state-of-the-art products, a reflection of our commitment to Atmanirbhar Bharat.”
Manish expressed profound confidence in the Company’s strategic evolution, highlighting how Solar is successfully de-risking its operations through a resilient, technology-driven manufacturing company and a diversified global footprint, “We are entering a new era of growth by strengthening our ‘global-local’ manufacturing footprint. Our new facility in Dhule, Maharashtra and Dholpur, Rajasthan optimizes and reinforces Solar’s position as a dependable, long-term partner to the mining and infrastructure sectors.
Our commitment to excellence is powered by continued research and development, investments in automation, modern manufacturing technologies, ensuring process consistency and safety at every level.
Looking ahead, Manish indicated a robust level of confidence in the company’s strategic direction, “Moving forward, our focus on innovation, operational discipline, and sustainable growth continues to guide our strategy. With a strong foundation and a clear long-term vision, we are confident in our ability to deliver lasting value and drive a compelling future for the business.”
