Solar Industries India Ltd Q4 Results 2026 Preview: Date, Time, Expectations & Key Things To Watch

Solar Industries India enters its Q4 FY26 results following a record-breaking third quarter, driven by a massive expansion in its defense and international operations. Investors will be looking for updates on the execution of its Rs. 18,000 Cr defense order book and the commercial ramp-up of the Pinaka rocket series.

Solar Industries India Ltd Q4 Results Date and Time

The board meeting is scheduled for May 15, 2026, to consider and approve the audited standalone and consolidated financial results for Q4 and the FY ended March 31, 2026, and to recommend a final dividend for FY 2025-26.

What to expect from Solar Industries India Ltd's Q4 FY26 results

In its most recently reported quarter, Solar Industries India posted revenue of Rs. 2,548 Crore, PAT of Rs. 467 Crore, and an EBITDA margin of 28.77%. The company is scaling its defense segment, which recorded Rs. 702 Crore in revenue during Q3 FY26, supported by a total order book exceeding Rs. 21,000 Cr. Management remains confident in maintaining EBITDA margins within the 27-28% range as they execute on international contracts in markets like South Africa, Turkey, and Ghana. The upcoming call will likely focus on the commercial production status of the 155mm shell project and the execution timeline for the Rs. 18,000 Cr defense order backlog.

Key Things To Watch

Performance vs Guidance Tracking

• Revenue target of Rs. 10,000 Cr for FY26 — 9M actual Rs. 6,785 Cr — on track
• Defense revenue target of Rs. 3,000 Cr for FY26 — Q3 actual Rs. 702 Cr — on track
• EBITDA margin target of 27%+ — Q3 actual 28.77% — achieving
• Capex target of Rs. 2,500 Cr for FY26 — on track

Defense Segment Execution

• Confirmation of Pinaka Enhanced Range rocket deliveries starting in Q4
• Timeline for commercial production of 155mm shells following trial production
• Execution progress on the Rs. 18,000 Cr defense order book

International and Strategic Expansion

• Operational status of new facilities in Australia and Kazakhstan expected within 6-12 months
• Progress on the new Robotics and UAV manufacturing facility at MIHAN SEZ, Nagpur
• Update on working capital cycles as the defense business scales

Risks and Headwinds to Monitor

• Raw material price volatility, specifically regarding ammonium nitrate
• Impact of currency fluctuations in African markets, historically noted at Rs. 20 Cr
• Adherence to defense order execution timelines amid product complexity