Announced Thu, 13 Aug, 2026 · 17:47 IST
Vikram Solar Q1FY27: Revenue up 38% YoY, margins pressured
Mgmt Guided Margin ImprovementMgmt Guided Margin PressureOrder Pipeline DisclosedMgmt Evaded Key QuestionInvestor Communications View source PDFExplain this filing
VIKRAMSOLR · price
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Price reaction · full curve 14 horizons · vs prior close
+11.7%1-day move
₹163.49
prior close
₹163.46
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-1.0-1.2-1.7-2.1+11.7+7.6+4.6+5.3+6.0+4.1+3.1+0.0——
Up moveDown movePending
AI summary
Revenue at INR 1,563 crores, up 38% YoY, on 1.06 GW volume. EBITDA at INR 126 crores (8.06% margin) was hit by raw material costs from Gulf conflict, Chinese cell price spike, and intense competition. Order book at 7.9 GW, largely large utility accounts. Management withheld FY27 guidance citing ALMM 2 policy uncertainty.
Likely market impact
Margins weak in Q1 but revenue grew 38%. Guidance deferred pending policy clarity. Watch DCR ramp-up and Q4 FY27 cell plant commissioning.