Vikram Solar Q1 FY27 results (Apr–Jun 2026) and concall

Capital Goods · Concall AI · Call held 7 Aug 2026

Company page: Vikram Solar share price, financials & guidance record

Vikram Solar Limited reported robust Q1 FY27 revenue growth of 38% YoY to ₹1,563 crores, achieving a record 1,006 MW volume. However, profitability was impacted by raw material cost inflation and intense competition, leading to an 8.06% EBITDA margin. The company is strategically shifting towards higher-margin DCR and mid-market segments, while progressing with its significant backward integration capex, including a 9 GW cell plant on track for Q4 FY27 commissioning.

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What they filed

Q1 FY27: revenue up 35.3%, net profit down 85.8% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26	Q1 FY27
Revenue	574	1,027	1,183	1,135	1,110 +93%	1,106 +8%	1,453 +23%	1,536 +35%
Expenses	496	939	972	891	876	902	1,218	1,411
EBITDA	78	87	211	244	234 +200%	203 +133%	235 +11%	125 −49%
Margin	14%	9%	18%	21%	21%	18%	16%	8%
Other income	10	14	5	4	16	14	18	13
Interest	34	30	45	32	32	40	56	49
Depreciation	37	39	42	34	35	37	57	64
Profit before tax	17	33	129	182	184 +982%	141 +327%	139 +8%	24 −87%
Tax rate	36%	36%	36%	26%	30%	32%	21%	23%
Net profit	11	21	83	134	128 +1064%	96 +357%	110 +33%	19 −86%
EPS	0.34	0.66	2.62	4.25	3.55	2.66	3.04	0.52

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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