Integrated Filing — IndAS



General information about company
Scrip Code 532725
NSE Symbol SOLARINDS
MSEI Symbol NOTLISTED
ISIN INE343H01029
Name of company Solar Industries India Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-Apr-2025
Date of end of financial year 31-Mar-2026
Date of board meeting when results were approved 07-Aug-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 31-Jul-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended
Segment Reporting Single segment
Description of single segment Manufacturing of Explosives and Initiating Systems
Start date and time of board meeting 07-Aug-2025   13:30:00
End date and time of board meeting 07-Aug-2025   14:15:00
Whether cash flow statement is applicable on company
Type of cash flow statement
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 21544500000
Other income 292600000
Total income 21837100000
2 Expenses
(a) Cost of materials consumed 9946800000
(b) Purchases of stock-in-trade 1224800000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -227600000
(d) Employee benefit expense 1837900000
(e) Finance costs 274300000
(f) Depreciation, depletion and amortisation expense 559800000
(f) Other Expenses
1 Other Expenses 3414100000 3414100000
Total other expenses 3414100000
Total expenses 17030100000
3 Total profit before exceptional items and tax 4807000000
4 Exceptional items 600000
5 Total profit before tax 4807600000
6 Tax expense
7 Current tax 1213200000
8 Deferred tax 68200000
9 Total tax expenses 1281400000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0
11 Net Profit Loss for the period from continuing operations 3526200000
12 Profit (loss) from discontinued operations before tax 0
13 Tax expense of discontinued operations 0
14 Net profit (loss) from discontinued operation after tax 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0
16 Total profit (loss) for period 3526200000
17 Other comprehensive income net of taxes 587200000
18 Total Comprehensive Income for the period 4113400000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 3387000000
Total profit or loss, attributable to non-controlling interests 139200000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 415000000
Total comprehensive income for the period attributable to owners of parent non-controlling interests 172200000
21 Details of equity share capital
Paid-up equity share capital 181000000
Face value of equity share capital 2
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 37.43
Diluted earnings (loss) per share from continuing operations 37.43
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0
Diluted earnings (loss) per share from discontinued operations 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 37.43
Diluted earnings (loss) per share from continuing and discontinued operations 37.43
24 Debt equity ratio 0.0018
25 Debt service coverage ratio 0.0562
26 Interest service coverage ratio 0.1882
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results
Textual Information(1) The Unaudited Consolidated Financial Results for the quarter ended June 30 2025 of SOLAR INDUSTRIES INDIA LIMITED the Group have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meetings held on August 07 2025 The Statutory Auditors of the Group have carried out a limited review of the aforesaid results n nThese results have been prepared in accordance with the Indian Accounting Standard referred to as Ind AS prescribed under Section 133 of the Companies Act 2013 read with Companies Indian Accounting Standards Rules 2015 as amended from time to time The Group has identified Explosives its accessories and related services as its only reportable segment as defined under Ind AS 108 Operating Segment Accordingly no separate segment information has been provided n nDuring the quarter ended June 30 2025 the Ultimate Holding Company had partially redeemed 50 Fifty unsecured rated listed senior redeemable non convertible debentures NCDs having face value of Rs 1000000 Ten lakhs each amounting to Rs 5 crores Five crores and made an Interest Payment amounting to Rs 0.32 crores Thirty Two lakhs at a coupon rate of 8.20% per annum nDuring the quarter ended June 30 2025 the Ultimate Holding Company had partially redeemed 292 Two Hundred and Ninty Two unsecured rated listed senior redeemable non convertible debentures NCDs having face value of 100000 One lakh each amounting to Rs 2.92 crores Two crores and Ninty Two lakhs and made an Interest Payment amounting to Rs 0.47 crores Forty Seven lakhs at a coupon rate of 8.06% per annum n nThe Group has applied Ind AS 29 Accounting of Hyperinflationary economies on its step-down subsidiaries in Turkey In preparing the consolidated financial results for the quarter ended on June 30 2025 the non monetary assets liabilities owners equity and statement of profit and loss of the aforesaid subsidiaries have been restated to the current measuring unit as on the reporting date by applying consumer price index of the respective economies nThe net impact of restatement in respect of the aforesaid subsidiaries under Ind AS 29 of Rs 17.89 crores has been debited to other expenses in the consolidated financial results for the quarter ended June 30 2025 and impact till March 31 2025 of Rs 9.37 crores has been credited in the opening retained earnings as at April 01 2025 nSolar Industries India Limited through Solar Mining Services Pty Limited South Africa a step down subsidiary of the Company acquired controlling stake in Problast Group South Africa effective from July 1 2024 acquisition date for a consideration of Rs 250.51 crores nFurther during the quarter ended June 30 2025 the management has concluded final determination of fair values of identified assets acquired and liabilities assumed of Problast Group for the purpose of purchase price allocation as at the acquisition date as per the requirements of Ind AS 103 and figures for the previous periods have been restated accordingly The Group has finalised the Goodwill on acquisition at Rs 117.27 crores nThe figures of the last quarter ended March 31 2025 are the balancing figures between the audited figures in respect of the full financial year ended March 31 2025 and the published year to date figures up to the third quarter of the respective financial year nAs per Regulation 46 2 of the SEBI Listing Obligations & Disclosure Requirements Regulations 2015 Results are available on Companys website www.solargroup.com



Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2025
Date of end of reporting period 30-Jun-2025
Whether accounts are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income
Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2025
B Date of end of reporting period 30-Jun-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Amount of items that will not be reclassified to profit and loss 0 0
Total Amount of items that will not be reclassified to profit and loss 0
2 Income tax relating to items that will not be reclassified to profit or loss 0
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to Profit or Loss 587200000 587200000
Total Amount of items that will be reclassified to profit and loss 587200000
4 Income tax relating to items that will be reclassified to profit or loss 0
5 Total Other comprehensive income 587200000