Vikram Solar Ltd.VIKRAMSOLR₹383.90 +6.46%

Shares of Vikram Solar Ltd. jumped upto 13%, reaching an intraday high of ₹407.95 apiece, after the company reported robust financial results for the first quarter of FY26, delivering its highest-ever Q1 revenue, EBITDA, and PAT.

For the quarter ended June 30, 2025, revenue from operations rose 79.7% YoY to ₹1,134 crore, while EBITDA more than doubled to ₹242 crore, reflecting a margin expansion of 370 bps to 21.4%. Profit after tax surged 484% YoY to ₹133 crore, driven by higher order execution and improved cost efficiencies.

The company’s order book stood at 10.96 GW, supported by new solar module supply orders, including 250 MW from Bondada Group in Maharashtra, 326 MW from GIPCL, and 336 MW from L&T. Capacity utilization was reported at 89.2% for the quarter, underlining strong demand momentum.

Beyond financials, Vikram Solar strengthened its brand and sustainability credentials. It was recognized as Top Brand PV India 2025 by EUPD Research, achieved “Top Performer 2025” status in Kiwa PVEL’s PQP for the eighth time, and earned an EcoVadis Platinum Medal, placing it among the top 1% of companies worldwide for sustainability performance. The company also launched its first-ever television campaign, ‘Khushiyon Wali Sunshine’, to strengthen consumer connect.

Chairman and Managing Director Gyanesh Chaudhary said the quarter marked a strong start to FY26, adding that ongoing capacity expansion and backward integration into solar cell manufacturing would further enhance supply chain security and cost competitiveness.

With a healthy order pipeline, strong execution, and supportive policy tailwinds under India’s clean energy drive, Vikram Solar remains well-positioned to sustain growth in the coming quarters.

Note: The stock prices mentioned are as of 12:55 pm.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.