Revised Investor Presentation for the Quarter and year ended 31st March 2026

Mgmt Guided Margin ImprovementOrder Pipeline DisclosedInvestor Communications View source PDF

VIKRAN · price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close

+20.1%1-day move

₹64.80

prior close

₹73.85

base price

In-mkt

timing

5m10m15m30m1D2D3D4D5D7D15D1M2M3M

+0.3+0.9+0.7-0.1+20.1+15.6+10.3+9.6+10.2+10.2+9.9+8.5+11.1—

Up moveDown movePending

AI summary

Vikran Engineering revised its Q4 and FY26 investor presentation submitted on 22nd May 2026. The company reported FY26 revenue of ₹1,249.3 Cr (up 36.4% YoY) and PAT of ₹91.7 Cr (up 17.8% YoY). However, Q4 EBITDA margin contracted to 14.2% from 19.1% in Q4 FY25, and full-year EBITDA margin fell to 14.0% from 17.5% in FY25, indicating margin pressure despite strong top-line growth. The order book stands at ~₹5,737 Cr as of 22nd May 2026, with Solar (54%) and Power T&D (33%) as key segments. The company completed the acquisition of NOPL Solar Projects (100% stake), holding a 969 MW PM-KUSUM Solar Portfolio with a 25-year PPA with MSEDCL, projecting ~₹525 Cr annual revenue and ~85-88% EBITDA margins. Management flagged margin improvement as a priority for FY27 alongside disciplined execution in Solar EPC, Power T&D, and Data Center expansion.

Likely market impact

Margin contraction is a near-term concern; however, the NOPL acquisition and large order book provide multi-year revenue visibility and could drive a shift toward annuity-style high-margin solar income.