Solar Industries shares rise 3% as firm bags additional order from Coal India subsidiary worth ₹1,746 crore

“…we wish to inform you that Solar Industries India Limited (“The Company”) has bagged an additional order aggregating to ₹1,746 crore from Coal India Limited for and on behalf of its subsidiaries for the supply of bulk explosives,” Solar Industries said in a regulatory filing.

The order will be completed over a period of two years, the company said.

Solar Industries had earlier intimated to the stock exchanges about receipt of an order aggregating to ₹483 crores received from Southeastern Coalfields Limited (SECL), a subsidiary company of Coal India Limited, on October 8, 2025.  “Consequent to the receipt of an additional order of ₹1,746 crores, the total order value from Coal India Limited stands at ₹2,229 crores,” the filing added.

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.

Solar Industries share price

At 1:05 PM, Solar Industries India shares were trading at ₹12,237 apiece on NSE, rising 1.74%. The company has a market capitalisation of ₹1.10 lakh crore.

In the last five trading sessions, shares of the firm have slipped 3%, while for six months’ time, they have lost more than 30%.

Since the beginning of 2025, Solar Industries shares have zoomed over 24%.

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.

Solar Industries Q2 earnings

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.