VIKRAN Vikran Engineering Q4 FY26 results (Jan–Mar 2026) and concall
Vikran Engineering Limited reported a strong Q4 and FY26, with revenue reaching a historic high of INR 1,249 crores for the full year, up 36.35% YoY. The company strategically pivoted towards renewable energy, marked by the acquisition of NOPL Solar Private Limited, adding a 969 MW project. While EBITDA margins were slightly lower at 14% due to delayed government receivables and early-stage solar projects, management expects to maintain 14-15% margins and achieve positive cash flow by FY28. The current order book stands at INR 5,700 crores, with an additional INR 1,000 crores expected from the
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What they filed
Q4 FY26: revenue up 82.2%, net profit up 48.3% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|
| Revenue | 159 | 265 | 355 | 159 | 176 +11% | 266 +1% | 647 +82% |
| EBITDA | 13 | 65 | 68 | 23 | 25 +92% | 35 −46% | 92 +36% |
| Net profit | 2 | 34 | 38 | 6 | 9 +350% | 21 −38% | 56 +48% |
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.
