Conference Call with Solar Industries India Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
Industrial Products company Solar Industries India announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Net Revenue rose to Rs 2,167 crore from Rs 1,611 crore — up 35% YoY. EBITDA increased to Rs 546 crore from Rs 371 crore — up 47% YoY. EBITDA Margin improved to 25.21% from 23.06% — up 215 bps. PBT jumped to Rs 464 crore from Rs 305 crore — up 52% YoY. PAT rose to Rs 346 crore from Rs 243 crore — up 42% YoY. PAT Margin improved to 15.98% from 15.07% — up 91 bps. FY25 Financial Highlights: Net Revenue rose to Rs 7,540 crore from Rs 6,070 crore — up 24% YoY. EBITDA increased to Rs 2,031 crore from Rs 1,414 crore — up 44% YoY. EBITDA Margin improved to 26.94% from 23.29% — up 365 bps. PBT surged to Rs 1,739 crore from Rs 1,161 crore — up 50% YoY. PAT rose to Rs 1,288 crore from Rs 875 crore — up 47% YoY. PAT Margin improved to 17.08% from 14.42% — up 266 bps. Presenting the Quarterly & yearly results, Manish Nuwal, Managing Director & CEO of Solar Industries, shared delightedly the pivotal year where strategy, scale, and execution converged to deliver highest ever revenue and profits, “We are happy to report the highest ever sales for the quarter & year at Rs 2167 crore & Rs 7540 crore. We have also achieved the highest ever quarterly EBIDTA & PAT at Rs 546 crore & Rs 371 crore registering growth of 47% & 42% yoy and highest ever yearly EBIDTA & PAT at Rs 2031 crore & Rs 1288 crore registering growth of 44% & 47% in the year FY25. We achieved around 27% EBIDTA margin more than our annual guidance”. Mr. Manish highlighted “Solar’s international business is gaining good momentum and as a result registered a 18% YOY growth. Solar’s ability to expand its global footprint and forging strong relationship with its customers as a trusted partner, underscores company’s strength in identifying and capitalizing on global opportunities.“ He further stated that, “The defence sector revenue has increased from Rs 517 crore to Rs 1355 crore showing a growth of 162%. Years of strategic efforts in building state of the art facilities, developing wide range of products and qualifying products across the customers has positioned Solar as a strong defence player in the global market. This is reflected in the substantial increase in our order book to over Rs 15,000 crore, including a landmark order of Rs 6,084 crore for Pinaka rockets and contracts of around Rs 8,500 crore from international markets. A historic milestone was the inauguration of a state-of-the-art loitering munition testing range and a 1230 meters UAV runway by Hon’ble Prime Minister Shri Narendra Modi, a testament to Solar’s growing capabilities in defence and aerospace. “Hosting Hon’ble Prime Minister of India was a moment of immense pride, boosting morale of Solar team”. Manish expressed while sharing capex plans “We are propelling Solar to the next frontier. Further to capex of around Rs 1,200 crore in FY25, a massive plan to do capex of Rs 2,500 crore in FY26 will unlock new opportunities, scaling existing capabilities, upgrading technology, and expanding the product portfolio, including advanced munitions and aerospace solutions. Aligned with India’s Atmanirbhar Bharat initiative, Solar signed a Rs 12,700 crore MoU with the Government of Maharashtra to invest in defence and aerospace over the next decade.” Result PDF