Solar Industries Posts Record Rs 2.15 Billion Profit in Q1

08 Aug 2025 CW Team

Solar Industries India Limited (SIIL) has reported its highest-ever quarterly performance for the quarter ended 30 June 2025, achieving a consolidated EBITDA of Rs 5.64 billion and profit after tax (PAT) of Rs 3.53 billion. This marked a significant operational milestone for the company during Q1 FY2025-26.

The company’s turnover for the quarter reached Rs 21.54 billion, representing a 28 per cent year-on-year increase. International business contributed Rs 8.26 billion — the highest ever in a single quarter — registering a 43 per cent growth compared to the same period last year. The strong international performance was supported by manufacturing units across nine countries and a distribution network spanning more than 90 countries.

The defence segment also demonstrated exceptional results, with revenue reaching Rs 4.18 billion, a year-on-year increase of 115 per cent. The company currently holds a robust defence order book valued at approximately Rs 150 billion. The quarter also saw successful testing of the Bhargavastra anti-drone system and Rudrastra hybrid VTOL UAV. Repeat orders for UAVs and Multi-Mode Hand Grenades further reinforced Solar’s role in the Atmanirbhar Bharat initiative.

Commenting on the results, Managing Director and CEO Mr Manish Nuwal stated that while domestic explosive demand was impacted by early monsoons and mild weather, the company’s diversified portfolio and strategic focus have helped sustain growth. He added that with the post-monsoon revival in the mining, housing and infrastructure sectors, domestic demand is expected to strengthen in upcoming quarters.

In closing, Mr Nuwal affirmed that Solar Industries is well-positioned to become a key global supply chain partner in the defence sector, further unlocking opportunities and delivering long-term stakeholder value.

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..