Solar Industries’ (SOIL) Q2FY24 profitability is its best-ever. Key points: 1) EBITDA margin surged to a record 24.9% on better price-cost spread. 2) Explosive volume uptick of 13% YoY. 3) Defence comprised 8% of overall volume. 4) Order book of INR 39.2bn, of which INR10.5bn is for defence.