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Vikram Solar Limited Q2 FY26 results deck summary
NSE: VIKRAMSOLR · BSE: 544488
Results deck of 16 Oct 2025, summarised by AI from the filing.
Management targets 17.5 GW module and 12 GW cell capacity by FY27.
Key takeaways
- Capacity target Management targets 17.5 GW module and 12 GW cell capacity by FY27.
- Order book growth Order book rose to 11.15 GW as on 30 Sep 2025 from 8.21 GW a year earlier.
- Demand driver India targets 330 GW solar by 2030 with 115 GW pipeline under execution.
- Regulatory risk ALMM-3 mandates domestic wafer/ingot listing from June 2028, requiring upstream investment.
Vikram Solar Limited Q1 FY27 results
As filed: Revenue ₹1,563 cr (+38% year on year), EBITDA ₹126 cr (−48% year on year), PAT ₹19.8 cr (−85% year on year), EBITDA margin 8.1% (−1,000 bps).
The Q1 FY27 score, against the company's own trend, is for premium members.
Earlier results and the share price after them
- Q4 FY26: Revenue ₹1,453 cr, EBITDA ₹235 cr, PAT ₹110 cr, EBITDA margin 16.1%. Not scored. No result for the same quarter last year. Share price after the results: −5.4% in 29 days (Nifty 500: −3.2%).
- Q3 FY26: Revenue ₹1,106 cr, EBITDA ₹203 cr, PAT ₹96.4 cr, EBITDA margin 18.4%. Not scored. No result for the same quarter last year. Share price after the results: +3.5% in 30 days (Nifty 500: +1.5%).
- Q2 FY26: Revenue ₹1,110 cr, EBITDA ₹235 cr, PAT ₹128 cr, EBITDA margin 21.2%. Not scored. No result for the same quarter last year. Share price after the results: −7.3% in 29 days (Nifty 500: +1.2%).
- Q1 FY26: Revenue ₹1,135 cr, EBITDA ₹244 cr, PAT ₹134 cr, EBITDA margin 21.5%. Not scored. No result for the same quarter last year. Share price after the results: −9.1% in 30 days (Nifty 500: +1.3%).
Past price moves after results do not indicate future moves. Not a recommendation.
Vikram Solar Limited earnings call, investor presentation and press release summaries
- Q1 FY27: Earnings call (7 Aug 2026), Results deck (6 Aug 2026)
- Q4 FY26: Earnings call (8 May 2026), Results deck (7 May 2026)
- Q3 FY26: Earnings call (20 Jan 2026), Results deck (20 Jan 2026)
- Q2 FY26: Earnings call (17 Oct 2025), Results deck (16 Oct 2025), Results press release (16 Oct 2025)
- Q1 FY26: Earnings call (10 Sep 2025), Results deck (10 Sep 2025), Results press release (9 Sep 2025)
- Other events: Strategy deck (24 Mar 2026)
Figures from the company's filings with NSE and BSE. Not investment advice.