Solar Industries Shares in Focus: Recorded Best Ever Quarterly Revenue in Q3FY25

Solar Industries India Ltd, a manufacturer of industrial explosives, announced its financial results for the third quarter of the fiscal year 2025. The company reported a 52% year-on-year increase in net profit, reaching ₹338 crore for the three months ending December 2024, up from ₹224 crore in the same period last year, driven by robust revenue growth.

Rising Order Book in Q3FY25

Revenue grew by 38%, reaching ₹1,973 crore compared to ₹1,429 crore in the previous year. EBITDA climbed 46% to ₹536 crore, up from ₹367 crore, while margins improved to 27.17% from 25.69%. The company’s order book, which includes contracts from Coal India Ltd (CIL), Singareni Collieries Co Ltd (SCCL), and the defence sector, now exceeds ₹7,100 crore.

Management Take on Q3FY25

Mr. Manish Nuwal addressed the dynamic market Solar Industries operates in, emphasizing the short-term impact and long-term intact nature of its core business. He shared, ” While domestic demand has been subdued due to the general & state elections in many parts and heavy monsoon season, our long-term growth trajectory remains robust, driven by our strategic diversification. Our international business has delivered exceptional third-quarter performance, grew 21% year-on-year and reached the best ever ₹758 crore in revenue.

He further added, “Solar Industries, India’s largest manufacturer of industrial explosives, is ideally positioned to capitalise on the sector’s rapid growth. The comprehensive product portfolio, spanning diverse applications, combined with a strong focus on innovation, including specialized explosives and technical mining services, solidifies our market position. This prominent position ensures continued success in the booming industrial explosives market, driven by global infrastructure development and expanding mining operations to meet rising energy needs.”

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