Solar Industries bags ₹1,400 crore order for defence supplies; shares rally 40% so far in 2025

At 1:20 PM, Solar Industries India shares were trading at ₹13,879 apiece on NSE, falling 0.22%. The company has a market capitalisation of ₹1.25 lakh crore.

In the last five trading sessions, shares of the firm have slipped 1%, while for six months’ time, they have risen over 1%.

Since the beginning of 2025, Solar Industries shares have zoomed more than 40%.

Shares of the company had touched their one-year high of ₹17,820 apiece on June 30, 2025, while their 52-week low of ₹8,482.50 was hit on February 28, 2025.

The explosives manufacturer firm on Tuesday bagged an export order from an international client worth ₹1,400 crores for the supply of defence products. The order will be delivered over a period of four years.

Solar Industries' consolidated net profit had soared 21% to ₹345 crore in the second quarter of the fiscal year (Q2 FY26) as compared to ₹286 crore reported in the same period of the previous fiscal year.

The company's revenue from operations jumped 21.3% on a year-on-year (YoY) basis to ₹2,082 crore in the July to September quarter as against ₹1,716 crore seen in Q2 FY25.

Its operating profit, also known as earnings before interest, taxes, depreciation, and amortisation (EBITDA), surged 24% to ₹553 crore as against ₹446 crore in the corresponding period last year. Its EBITDA margin also expanded to 26.5%, in contrast to 25.9% in the year-ago period.

Further, the company achieved record international business revenue of over ₹960 crore and posted its highest quarterly defence revenue, exceeding ₹500 crore. In addition, Solar Industries closed the quarter with its strongest-ever order book, standing at more than ₹17,100 crore.

Solar Industries is one of the leading domestic manufacturers of bulk and cartridge explosives, detonators, detonating cords, and components that find applications in the mining, infrastructure, and construction industries. The company manufactures high-energy explosives, delivery systems, ammunition filling, and pyros fuses for the defence sector.