VIKRAMSOLR Vikram Solar Q4 FY26 results (Jan–Mar 2026) and concall
Vikram Solar reported a blockbuster FY26 with record revenue, EBITDA, and PAT, driven by strong demand in the Indian solar sector. The company achieved its highest-ever quarterly revenue and order booking in Q4, while significantly improving its working capital cycle and maintaining a strong balance sheet with no long-term debt. Management outlined ambitious backward integration and BESS expansion plans, positioning the company for long-term leadership in a policy-supported market, despite some near-term margin pressures from raw material costs and shifts in order book composition.
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What they filed
Q4 FY26: revenue up 22.8%, net profit up 32.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 574 | 1,027 | 1,183 | 1,135 | 1,110 +93% | 1,106 +8% | 1,453 +23% |
| EBITDA | 78 | 87 | 211 | 244 | 234 +200% | 203 +133% | 235 +11% |
| Net profit | 11 | 21 | 83 | 134 | 128 +1064% | 96 +357% | 110 +33% |
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.
