Vikram Solar Limited has informed the Exchange about Investor Presentation
VIKRAMSOLR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Vikram Solar reported record Q4 FY26 revenue of Rs. 1,453 Cr (highest ever quarterly) with production hitting 971 MW. Full-year FY26 revenue grew 40% YoY to Rs. 4,802 Cr, while EBITDA nearly doubled to Rs. 917 Cr (86% growth) and PAT surged 236% to Rs. 470 Cr. EBITDA margin expanded significantly from 14% to 19%, demonstrating improved operational discipline. The company secured 8.2 GW order book as of March 2026, with 1.9 GW booked in Q4 alone. Management outlined aggressive expansion: 9 GW cell capacity by December 2026, 12 GW wafer/ingot capacity by FY29-30 for full integration, and 15 GWh BESS by FY30. Debt-to-equity ratio dramatically improved to 0.03 from 0.19, showing strong financial discipline.
The company delivered exceptional margin expansion and profitability growth while reducing leverage significantly. The disclosed multi-year capacity targets and 8.2 GW order book provide clear visibility on future revenue streams. Shareholders should note the improving return metrics (ROE at 21.3%) and the strategic shift toward full-stack manufacturing.