Vikran Engineering Limited has informed the Exchange regarding Board meeting held on September 22, 2025.
VIKRAN · price
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Vikran Engineering's board approved its first set of quarterly results as a listed company for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations rose to ₹15,983 lakhs from ₹13,624 lakhs in the same quarter last year, while profit after tax grew to ₹565 lakhs from ₹429 lakhs, giving EPS of ₹0.31. The board also designated Mr. Vipul Markhedkar (son of CMD Rakesh Markhedkar) as KMP–Head Business Operations and Mrs. Kanchan Rakesh Markhedkar (wife of CMD) as KMP–CHRO with retrospective effect from September 22, 2024. Separately, Mr. Vinod Mohandass, GM (Business Development & Execution), resigned for personal reasons and will exit by September 30, 2025. The board also approved exploring an investment of up to ₹175 crore into a Special Purpose Vehicle for a solar power project, aimed at securing EPC work, funded via external borrowings or internal accruals.
Q1 results show decent top-line and profit growth post-IPO, which is positive for sentiment. The ₹175 crore solar SPV investment is a strategic diversification into renewable EPC but will require capital deployment and carries execution risk. The induction of promoter family members as KMPs signals deeper family control over operations, which investors should weigh against governance preferences.