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 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 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



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 Consolidated Consolidated
1 Income
Revenue from operations 3,66,820.00 3,66,820.00
Other income 852.00 852.00
Total income 3,67,672.00 3,67,672.00
2 Expenses
(a) Cost of materials consumed 1,78,676.00 1,78,676.00
(b) Purchases of stock-in-trade 10,480.00 10,480.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade (3,438.00) (3,438.00)
(d) Employee benefit expense 25,560.00 25,560.00
(e) Finance costs 4,126.00 4,126.00
(f) Depreciation, depletion and amortisation expense 7,974.00 7,974.00
(f) Other Expenses
1 Other Expenses 54,023.00 54,023.00
Total other expenses 54,023.00 54,023.00
Total expenses 2,77,401.00 2,77,401.00
3 Total profit before exceptional items and tax 90,271.00 90,271.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 90,271.00 90,271.00
6 Tax expense
7 Current tax 23,355.00 23,355.00
8 Deferred tax 1,154.00 1,154.00
9 Total tax expenses 24,509.00 24,509.00
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 65,762.00 65,762.00
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 875.00 875.00
16 Total profit (loss) for period 66,637.00 66,637.00
17 Other comprehensive income net of taxes 2,485.00 2,485.00
18 Total Comprehensive Income for the period 69,122.00 69,122.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 65,255.00 65,255.00
Total profit or loss, attributable to non-controlling interests 1,382.00 1,382.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 66,936.00 66,936.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 2,186.00 2,186.00
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 72.11 72.11
Diluted earnings (loss) per share from continuing operations 72.11 72.11
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 72.11 72.11
Diluted earnings (loss) per share from continuing and discontinued operations 72.11 72.11
24 Debt equity ratio 0.2600 0.2600
25 Debt service coverage ratio 8.6300 8.6300
26 Interest service coverage ratio 23.9700 23.9700
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Explanatory Notes to Unaudited Consolidated Financial Results for the Quarter ended June 30, 2026 1 The Unaudited Consolidated Financial Results for the quarter ended June 30, 2026 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 13, 2026. The Statutory Auditors of the Group have carried out a limited review of the aforesaid results. 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 Group 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 Ultimate Holding Company had 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 lakhs) and made an Interest Payment amounting to Rs. 0.21 crores (Twenty One lakhs) 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 crores Seventy Five lakhs). 5 During the quarter ended June 30, 2026, the Ultimate Holding Company has issued Commercial paper in favor of Kotak Mahindra Bank Limited amounting to Rs. 75.00 Crores which will mature on September 17, 2026. 6 The 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, 2026, the non-monetary assets, liabilities, owner's 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 economy. The net impact of restatement in respect of the aforesaid subsidiaries under Ind AS 29 of Rs. 25.33 crores has been debited to other expenses in the consolidated financial results for the quarter ended June 30, 2026 and impact till March 31, 2026 of Rs. 12.43 crores has been credited in the opening retained earnings as at April 01, 2026. 7 Formulae for the computation of ratios are given in Annexure A. 8 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. 9 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 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

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 Consolidated Consolidated
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 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to Profit or Loss 2,700.00 2,700.00
Total Amount of items that will be reclassified to profit and loss 2,700.00
4 Income tax relating to items that will be reclassified to profit or loss 215.00 215.00
5 Total Other comprehensive income 2,485.00 2,485.00