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 01-04-2026
Date of end of financial year 31-03-2027
Date of board meeting when results were approved 13-08-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 06-08-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter First quarter
Nature of report standalone or consolidated Standalone
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 13-08-2026   01:30:00
End date and time of board meeting 13-08-2026   02:00:00
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
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
Explanatory Notes to the Unaudited Standalone Financial Results 1 The Unaudited Standalone Financial Results for the quarter ended June 30, 2026 of SOLAR INDUSTRIES INDIA LIMITED (the Company) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on August 13, 2026. The Company confirms that its statutory auditors have carried out limited review of the aforesaid results for the quarter ended June 30, 2026. 2 These 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. 3 The Company has identified 'Explosives, its accessories and related services', as its only reportable segment as defined under Ind AS 108 - Operating Segments. Accordingly, no separate segment information has been provided. 4 During the quarter ended June 30, 2026, the Company has partially redeemed 292 (Two Hundred and Ninety two) unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs. 1,00,000/- (One lakh) each amounting to Rs. 2.92 Crores (Two crores and ninety two lakh ) and made an Interest Payment amounting to Rs. 0.21 Crores (Twenty one lakh) at a coupon rate of 7.06% per annum. As on June 30, 2026 the aggregate amount of outstanding NCD is Rs. 8.75 Crores (Eight crore seventy five lakhs). 5 During the quarter ended June 30, 2026, the Company has issued Commercial Paper in favour of Kotak Mahindra Bank Limited amounting to Rs. 75.00 Crores which will mature on September 17, 2026. 6 Formulae for the computation of ratios are given in Annexure A. 7 The figures of the last quarter ended March 31, 2026 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published year-to-date figures up to the third quarter of the financial year. 8 As per Regulation 46(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com.



Financial Results Ind-AS

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
1 Income
Revenue from operations 1,65,632.00 1,65,632.00
Other income 2,983.00 2,983.00
Total income 1,68,615.00 1,68,615.00
2 Expenses
(a) Cost of materials consumed 90,482.00 90,482.00
(b) Purchases of stock-in-trade 1,605.00 1,605.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (2,924.00) (2,924.00)
(d) Employee benefit expense 8,450.00 8,450.00
(e) Finance costs 688.00 688.00
(f) Depreciation, depletion and amortisation expense 2,805.00 2,805.00
(f) Other Expenses
1 Other Expenses 13,160.00 13,160.00
2 Freight and Forwarding Charges 6,145.00 6,145.00
Total other expenses 19,305.00 19,305.00
Total expenses 1,20,411.00 1,20,411.00
3 Total profit before exceptional items and tax 48,204.00 48,204.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 48,204.00 48,204.00
6 Tax expense
7 Current tax 11,891.00 11,891.00
8 Deferred tax 475.00 475.00
9 Total tax expenses 12,366.00 12,366.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 35,838.00 35,838.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 35,838.00 35,838.00
17 Other comprehensive income net of taxes (280.00) (280.00)
18 Total Comprehensive Income for the period 35,558.00 35,558.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 1,810.00 1,810.00
Face value of equity share capital 2 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 39.6 39.6
Diluted earnings (loss) per share from continuing operations 39.6 39.6
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 39.6 39.6
Diluted earnings (loss) per share from continuing and discontinued operations 39.6 39.6
24 Debt equity ratio 0.0700 0.0700
25 Debt service coverage ratio 18.8300 18.8300
26 Interest service coverage ratio 73.4600 73.4600
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1 The Unaudited Standalone Financial Results for the quarter ended June 30, 2026 of SOLAR INDUSTRIES INDIA LIMITED (the Company) have been reviewed and recommended by the Audit Committee and subsequently approved by the Board of Directors at their respective meeting held on August 13, 2026. The Company confirms that its statutory auditors have carried out limited review of the aforesaid results for the quarter ended June 30, 2026. 2 These 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. 3 The Company has identified 'Explosives, its accessories and related services', as its only reportable segment as defined under Ind AS 108 - Operating Segments. Accordingly, no separate segment information has been provided. 4 During the quarter ended June 30, 2026, the Company has partially redeemed 292 (Two Hundred and Ninety two) unsecured, rated, listed, senior, redeemable, non-convertible debentures (NCDs) having face value of Rs. 1,00,000/- (One lakh) each amounting to Rs. 2.92 Crores (Two crores and ninety two lakh ) and made an Interest Payment amounting to Rs. 0.21 Crores (Twenty one lakh) at a coupon rate of 7.06% per annum. As on June 30, 2026 the aggregate amount of outstanding NCD is Rs. 8.75 Crores (Eight crore seventy five lakhs). 5 During the quarter ended June 30, 2026, the Company has issued Commercial Paper in favour of Kotak Mahindra Bank Limited amounting to Rs. 75.00 Crores which will mature on September 17, 2026. 6 Formulae for the computation of ratios are given in Annexure A. 7 The figures of the last quarter ended March 31, 2026 are the balancing figures between the audited figures in respect of the full financial year ended March 31, 2026 and the published year-to-date figures up to the third quarter of the financial year. 8 As per Regulation 46(2) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, Results are available on Company's website-www.solargroup.com.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-04-2026 01-04-2026
Date of end of reporting period 30-06-2026 30-06-2026
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Standalone Standalone
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

Amount in (Lakhs)

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 01-04-2026 01-04-2026
B Date of end of reporting period 30-06-2026 30-06-2026
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
Total Amount of items that will not be reclassified to profit and loss
2 Income tax relating to items that will not be reclassified to profit or loss
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to Profit or Loss (374.00) (374.00)
Total Amount of items that will be reclassified to profit and loss (374.00)
4 Income tax relating to items that will be reclassified to profit or loss (94.00) (94.00)
5 Total Other comprehensive income (280.00) (280.00)