Shares of Vikram Solar fell sharply by more than 3% in trade after the company announced its Q3 financial results. As of 9:36 AM, the shares were trading 4.91% lower at Rs 204.32.
For the third quarter, Vikram Solar reported a net profit of ₹98 crore, a significant jump compared with ₹19 crore in the corresponding quarter last year. The improvement was driven by better operating leverage and higher capacity utilisation, reflecting sustained demand in the domestic and export solar markets.
Revenue for the quarter came in at ₹1,106 crore, up from ₹1,026 crore in Q3 of the previous financial year. While top-line growth remained steady, it was the operating performance that stood out. EBITDA rose sharply to ₹205 crore from ₹85 crore a year earlier, supported by improved execution and scale benefits. As a result, the EBITDA margin expanded to 18.5% compared with 8.2% in the same quarter last year, indicating a meaningful enhancement in operational efficiency.
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