Vikram Solar Q1 results: revenue up 35%, PAT down 86%, 9 GW expansion cleared
VIKRAMSOLR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.1 pts less than Nifty Microcap 250 and 5.2 pts less than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Q1FY27 standalone revenue rose 35% YoY to Rs 1,536 crore but PAT fell 86% to Rs 18.7 crore. Board approved expansion of wafer/ingot facility at Gangaikondan from 6 GW to 9 GW (Rs 5,589 crore investment, by FY29). EY re-appointed as internal auditor for FY27. Auditor flagged Rs 148.5 crore safeguard duty (subjudice) and Rs 52.8 crore customer disputes.
Mixed: strong revenue growth but sharp PAT fall and pending legal matters. 9 GW capex signals long-term push but adds funding risk.