Vikram Solar Q1FY27: Revenue up 35% YoY, PAT plunges 86% YoY; capacity expansion announced
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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Standalone revenue rose 35% YoY to Rs. 1,536 crore, but PAT fell 86% to Rs. 18.7 crore due to higher costs. Consolidated revenue grew 38% to Rs. 1,563 crore; PAT dropped to Rs. 19.8 crore. Board expanded Tamil Nadu wafer and ingot facility from 6 GW to 9 GW with Rs. 5,589 crore investment by FY29. Auditor flagged Rs. 148.5 crore safeguard duty under litigation and Rs. 52.8 crore disputed receivables. EY reappointed as Internal Auditor.
Sharp PAT decline despite strong revenue growth raises concerns; expansion plan signals long-term bet but adds capex risk