Industrial Products company Solar Industries India announced Q3FY25 results: Solar Industries posted Highest Quarterly Revenue at 1973 crore Q3FY25 Net Profit at 338 crore up by 52% Highest ever Quarterly Sales at Rs 1973 crore Highest ever Quarterly EBIDTA at Rs 536 crore & PAT at Rs 338 crore. Highest ever Defence revenue in the quarter at Rs 400 crore Highest ever Order book of Rs 7100 crore+ Manish Nuwal, Managing Director & CEO of Solar Industries, delightedly shared the impressive surge in revenue and profitability, "Our Q3 performance reflects the successful execution of our strategic initiatives, propelling our net revenue from Rs 1429 crore to Rs 1973 crore YoY. We have registered strongest quarter yet with growth in revenue by 38%. We have achieved highest ever quarterly EBIDTA & PAT at Rs 536 crore & Rs 338 crore registering a growth of 46% & 52% YoY respectively and highest ever nine monthly EBIDTA & PAT at Rs 1485 crore & Rs 942 crore registering a growth of 43% & 49% in nine months of the year of FY25. This impressive surge is attributed to efforts by the Solar team in explosives and defense sector. Manish Nuwal addressed dynamic market Solar Industries operates in, emphasizing the short-term impact and long-term intact nature of its core business. He shared, " While domestic demand has been subdued due to the general & state elections in many parts and heavy monsoon season, our long-term growth trajectory remains robust, driven by our strategic diversification. Our international business has delivered exceptional third-quarter performance, grew 21% year-on-year and reached best ever Rs 758 crore in revenue. Solar Industries, India's largest manufacturer of industrial explosives, is ideally positioned to capitalize on the sector's rapid growth. The comprehensive product portfolio, spanning diverse applications, combined with a strong focus on innovation, including specialized explosives and technical mining services, solidifies our market position. This prominent position ensures continued success in the booming industrial explosives market, driven by global infrastructure development and expanding mining operations to meet rising energy needs." Commenting on the significant revolution underway in India's defense market, Manish Nuwal said: "The government's active promotion of private sector participation, driven by the "Atmanirbhar Bharat" initiative, is fueling modernization and innovation. Solar Industries, recognizing the potential of this sector early on, strategically made huge investment in building its defense capabilities, securing an early mover advantage. This foresight, combined with our expertise in energetic materials, has positioned us as a prominent player in this evolving landscape. Solar's defence business quarterly performance picked up the splendid growth of 570% y0y reaching the highest ever Defence revenue in the quarter at Rs 409 crore. The strong results & strong orders in hand are providing the necessary thrust for upcoming initiatives. On this backdrop company has signed an MOU with Government of Maharashtra for investing Rs 12700 crore in next 10 years to establish an Anchor Mega Project." Manish Nuwal emphasized the confidence recent developments inspires, while applauding the company's resilience and foresight. "The nod from the Cabinet Committee on Security (CCS) for a procurement deal with Solar Industries to supply Pinaka Enhanced Range rockets to the Indian Armed Forces will significantly boosts our position and underscores our commitment to providing cutting-edge solutions for national security. This contract will drive revenue growth, open new possibilities, and further establish Solar Industries' prominence in indigenous defense manufacturing." Looking ahead, Manish expressed optimism about the company's future prospects., "As we move forward, our dedication to innovation, operational excellence, and sustainable growth remains unwavering. With a clear vision and a strong foundation, we are confident in our ability to deliver enduring value for our stakeholders and shape a promising future for our business." Result PDF