Vikran Engineering Q2 FY26 earnings call transcript; order book doubles to INR 4,000 plus crores
VIKRAN · price
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Vikran Engineering filed Q2 FY26 earnings call transcript. H1 FY26 revenue about INR 176 crores, up 10.7% YoY; PAT rose to INR 14.8 crores from INR 6.3 crores. Order book more than doubled to INR 4,000 plus crores, including new solar EPC wins of INR 355 crores and INR 1,642 crores. Additional bid pipeline of INR 3,000 to INR 4,000 crores with 20-22% win ratio. India Ratings upgraded credit rating to A- stable. Management expects H2 margins to improve with higher revenue and stay in line with past 3 years.
Strong order book visibility, credit rating upgrade, and management confidence on margins signal growth momentum. Watch execution of big solar wins.