Solar Industries India Credit Rating
Solar Industries India Limited received an [ICRA]A1+ rating for its commercial paper of Rs. 500 Crore from ICRA Limited.
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- ₹500.0 Cr
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Solar Industries India Limited received an [ICRA]A1+ rating for its commercial paper of Rs. 500 Crore from ICRA Limited.
CRISIL Ratings Limited has placed the bank loan facilities and non-convertible debentures of Solar Industries India Limited on 'Rating Watch with Developing Implications'.
Solar Industries India Limited has confirmed the redemption of Commercial Paper worth ₹75 Crore, fulfilling its payment obligation on the due date.
Solar Industries announced the acquisition of Omnia Holdings (South Africa) to create an integrated global explosives platform. Management projects consolidated FY28 revenue exceeding ₹30,000 crores with EBITDA near ₹7,000 crores.
Solar Industries India will acquire South Africa’s Omnia Holdings Limited in an all-cash deal valued at ₹12,951 Crore, expanding its global mining and explosives footprint.
ICRA has reaffirmed the [ICRA]A1+ rating on the company's commercial paper programme of Rs. 500 Crore. This maintains the company's current debt credit profile.
Solar Industries India Limited clarified that media reports regarding a potential acquisition in South Africa are speculative. The company stated no material information remains undisclosed to the exchanges.
Solar Industries delivered stellar Q1FY27 results with significant growth across all key financial metrics, driven by strong performance in domestic, international, and defense segments.
Solar Industries India Ltd reported revenue from operations of ₹3,668 Cr (+70.3% YoY) and net profit of ₹666.4 Cr (+89.0% YoY) for Q1 FY27.
Solar Industries delivered record FY26 performance with 30% revenue growth and 35% PAT growth, driven by defense and international business.
Solar Industries delivered stellar FY26 performance with 30% revenue growth and 35% PAT growth. Management issued strong FY27 guidance targeting ₹14,000cr revenue, driven by defense and international markets.
Solar Industries India Ltd reported revenue from operations of ₹3,053 Cr (+40.9% YoY) and net profit of ₹556 Cr (+60.6% YoY) for Q4 FY26.