#Solar Industries
Latest news and updates about Solar Industries.
Featured Coverage
Explainers & Analysis
No explainers tagged yet. We are curating them now.
Latest news and updates about Solar Industries.
Featured Coverage
Explainers & Analysis
No explainers tagged yet. We are curating them now.
Listed defence sector companies are expected to deliver a mixed set of numbers in Q4FY26, despite robust order visibility and sustained inflows and a healthy pipeline where backlogs are no longer a constraint, Nuvama Institutional Equities said in a note. Solar Industries Nuvama expects healthy execution momentum, with revenue growth of 28% YoY, though the defence topline is likely to come in at Rs 900 crore, significantly below the Rs 3,000 crore guidance, primarily due to delays in Pinaka execution and geopolitical disruptions impacting defence supply chains. 4 lakh crore backlog is critical, the brokerage said, listing ongoing supply chain challenges, particularly focusing on the timely procurement of critical components.
4% to their day’s high of Rs 13,251 on the BSE on Wednesday after domestic brokerage firm Elara Capital initiated coverage with a Buy call, citing that the company is ‘unleashing growth juggernauts’. 2 lakh crore in FY27, along with rising global conflicts and higher defence spending worldwide. “We expect defence revenue to grow at a CAGR of 66% over FY25-28E, with its share in overall revenue rising to 42% by FY28E,” it said in a note.
