Guidance ledger · Q4 FY26

Solar Industries India Ltd SOLARINDS

4 revisions on record · 2 lowered · 2 raised — the strikethrough is what management used to say

mixed guidance posture · shifted across quarters

Holding view → · latest concall · The pulse

↓ lowered FY26 annual revenue Q1 FY26 → Q4 FY26

~~INR10,000 crores (Q1FY26 guidance)~~ → ~INR9,838 crores actual

“If you look at our annual guidance of INR10,000 crores, so we are still believ ing that we will definitely cross INR10,000 crores in this financial year.”

↓ lowered FY26 defense revenue guidance Q1 FY26 → Q4 FY26

~~INR3,000 crores~~ → ~INR2,634 crores actual (below target)

“INR3,000 crores should be some defense and nondefense should add to around INR7,000 crores”

↑ raised FY27 consolidated revenue Q3 FY26 → Q4 FY26

~~deferred to start of FY27~~ → INR14,000 crores

“we are targeting to achieve a revenue of INR14,000 crores in FY '27, while maintaining”

↑ raised FY27 defense revenue Q3 FY26 → Q4 FY26

~~qualitative ('likely to perform very good')~~ → >INR4,500 crores

“we should cross defense revenue of INR4,500 crores in FY '27.”

Method. Revisions come from management's own stated numbers, compared quarter over quarter across the covered concalls; each carries the verbatim quote. “No revisions” can also mean guidance too vague to pin down — see the posture chip above. Not investment advice.