Shares of Vikram Solar Limited rallied more than 7 percent in early trade on Tuesday after the company reported a strong set of Q1FY26 numbers, with profitability and revenue growth significantly outperforming the previous year. The stock hit a high of ₹393.70 and was last seen trading at ₹388.00, up 7.60 percent.
The solar module manufacturer posted a revenue of ₹1,133.6 crore in Q1FY26, up nearly 80 percent from ₹631 crore in the same quarter last year. EBITDA more than doubled, rising 117 percent to ₹242.2 crore compared to ₹111.5 crore a year ago. Operating margins expanded sharply to 21.4 percent from 17.7 percent last year, reflecting strong operating leverage and improved cost efficiencies.
Profit after tax surged to ₹133.4 crore in Q1FY26, compared with ₹22.8 crore in Q1FY25, marking a 484 percent year-on-year rise. The PAT margin expanded to 11.7 percent from 3.6 percent in the same quarter last year. Notably, the company almost matched its full-year FY25 PAT of ₹140 crore in just the first quarter of FY26.
On the operational front, Vikram Solar reported an order book of 10.96 GW and a capacity utilization of 89.2 percent. The company also secured significant new orders from Larsen & Toubro, Gujarat Industries Power Company Ltd (GIPCL) and Bondada Group, further strengthening its growth outlook.
The stellar earnings performance and strong order pipeline triggered fresh investor interest in the stock, which is now trading close to its 52-week high of ₹432.70.
Disclaimer: The views and financial performance data above are sourced from Vikram Solar’s Q1FY26 results. They do not represent the views of this publication. This article is for informational purposes only and is not investment advice.
