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Solar Industries Q2 revenue jumps 21% to ₹2,082 crore, net profit up 21% at ₹362 crore
Solar Industries reported Q2 revenue of ₹2,082 crore (+21%) and net profit ₹362 crore (+21%) driven by domestic mining demand and exports.
Explosives and industrial chemicals firm Solar Industries India Ltd posted Q2 revenue of ₹2,082 crore, up 21 % year-on-year, and net profit of ₹362 crore, also up 21 %. The growth was driven by stronger domestic mining demand, export diversification and operational efficiencies. The company reported improved capacity utilisation and maintained margins despite commodity input inflation.
Management flagged expansion of green-energy chemicals and strategic global acquisitions as key catalysts. Investors responded positively to the results, viewing Solar Industries as well-positioned in both domestic mining-related and international markets.