Solar Industries India

“Based on results, what we achieved, the strength of the order book and the opportunity available for us, we expect to surpass our stated annual guidance, which we have given at the start of the financial year FY27.”

“So this 27%, 28% will definitely deliver more in the second half of the year. Otherwise, rest all we are moving as per our annual guidance.”

“So definitely, we see that we will surpass annual guidance on the top line. At the same time, bottom line should also improve.”

“As far as 155 mm products are concerned, definitely, they are establishing our product into this vertical and we have set up the facility also.”

“But we are very optimistic that we should be able to get this order before end of this financial year.”

“We are likely to get large orders from international and Indian defense sectors, which includes Guided Pinaka rockets in the near future.”

“And that's why you can see that the total order book what we have as of now is around INR20,178 crores. And in that defense is around INR17,568 crores.”

“And we have been repeatedly saying that out of this order book, most of the orders are from international market.”

“And all these orders capture variety of products, which includes the products from 155 mm also.”

“defense revenue has increased to 29% from 24% and stands at INR1,002 crores.”

“So for next 2 years or after 2 years, we should see orders flowing up from the new missile programs for Solar.”

“And we are part of some critical missile development programs, and it is in public domain.”

“And as you are aware that we have already started supplying Pinaka rockets to some of the international customers, and it's a push from Government of India to sell more and more products into international markets.”

“MALE UAV is definitely a strategic program. And as we have already shared that we are developing these products indigenously.”

“And as we move forward, definitely, based on our estimation, we see that there will be good growth from domestic market in the second half also.”

“If you look into this quarterly results, the demand was quite good due to the lower monsoon or below average monsoon in most of the mining markets.”

“it's true that always, whatever we achieve in the first half, in the second half, the sale is always better due to the monsoon or more demand from the domestic market.”

“Since we have already shared that we are supplying our products to 90 plus countries across the world.”

“And looking at the growing demand from coal mining in Indian market, definitely, we see that the growth momentum will be better in the second half of the year.”

“But anything between '28, '29 is definitely more than what we have shared at the beginning of the year, which was around 28%.”

“As far as EBITDA margins are concerned, in the first half, we have almost reached to around 28.45%.”

“The raw material consumption for the quarter stands at INR1,676 crores versus INR988 crores”

“Employee cost for the quarter stands at INR266 crores versus INR195 crores, and for the half year at INR522 crores versus INR378 crores.”

“The other expenses for the quarter stands at INR571 crores versus INR347 crores and for half year stands at INR1,111 crores versus INR688 crores.”

“Interest and finance cost stands at INR55 crores versus INR31 crores, and for half year at INR97 crores versus INR58 crores.”

“we are still very optimistic that we should be able to complete the trial and conduct the field trial also in this calendar year.”

“We remain focused on scaling our international operations through acquisitions and greenfield expansions.”

“So let's wait for the approvals and other things, and once we receive all sorts of approvals, we will share.”

“And as you know that, currently, due to geopolitical issues, supply chain disruptions and commodity prices are also fluctuating a lot, so it will be too difficult for us to revise guidance looking at these kind of uncertainties.”

“But as you know that defense cycle conversion from trial to this stage also takes a long period.”

“Sometimes it can be 15%, 17%, sometimes it can be 10%, 12% or sometimes it can be flat also.”

“Consolidated revenue was INR3,519 crores for the quarter and INR7,187 crores for the first half, representing year-on-year growth of 69% and 70%, respectively.”

“Quarterly EBITDA was INR1,021 crores with a margin of 29.02%, and profit after tax was INR650 crores.”

“For the first half, EBITDA and profit after tax were INR2,045 crores and INR1,316 crores, respectively.”

“The consolidated PBT for the quarter is INR877 crores versus INR490 crores. And for the half year, it is INR1,789 crores versus INR970 crores.”

“The consolidated PAT for the quarter is INR650 crores versus INR361 crores, and for the half year, it's INR1,316 crores versus INR714 crores.”