VIKRAMSOLR Vikram Solar Q2 FY26 results (Jul–Sep 2025) and concall
Vikram Solar delivered strong Q2 FY26 results, driven by robust revenue and PAT growth, alongside significant margin expansion. The company's order book grew 36% year-on-year to 11.15 gigawatt, supported by strategic shifts towards C&I and distribution segments. Major capacity expansion projects at Vallam and Gangaikondan are on track, with Vallam's 5 gigawatt module facility expected to commission in Q3 FY26. The company maintains a net debt-free status and a disciplined approach to capital allocation, positioning it well to capitalize on India's energy transition.
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What they filed
Q2 FY26: revenue up 93.4%, net profit up 1063.6% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 |
|---|---|---|---|---|---|
| Revenue | 574 | 1,027 | 1,183 | 1,135 | 1,110 +93% |
| EBITDA | 78 | 87 | 211 | 244 | 234 +200% |
| Net profit | 11 | 21 | 83 | 134 | 128 +1064% |
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.
