Vikram Solar Share Price in Focus; PAT Jumps 236%, Revenue Climbs 40% in FY26 Results

Vikram Solar announced financial and operational performance for the quarter and financial year ended March 31, 2026, driven by strong demand, higher production, and improved execution.

The company reported FY26 revenue from operations of ₹4,802 crore, marking a 40% year-on-year increase compared to ₹3,423 crore in FY25.

Profitability Sees Sharp Improvement

Vikram Solar posted significant growth in profitability during FY26. EBITDA surged 86% YoY to ₹917 crore, reflecting operational efficiency and improved margins.

Profit after tax rose sharply by 236% to ₹470 crore for the year, compared to ₹140 crore in FY25. Gross profit also increased 69% YoY to ₹1,468 crore.

For Q4FY26, revenue from operations stood at ₹1,453 crore, up 22% YoY and 31% sequentially. Quarterly PAT came in at ₹110 crore, registering 21% annual growth.

Record Production and Capacity Utilisation

The company achieved its highest-ever quarterly production of 971 MW during Q4FY26. Management attributed this milestone to stable line performance and better manufacturing efficiency.

Vikram Solar also achieved 75% effective utilisation during FY26, highlighting strong operational performance amid rising demand for solar modules.

Strong Order Book Supports Growth

During the fourth quarter, the company secured 1.9 GW of new orders through strong pipeline conversion, competitive pricing strategies, and faster execution.

The expanding order book is expected to support future revenue visibility as India continues to focus on renewable energy expansion and solar capacity addition.

Sector Outlook Remains Positive

India’s solar industry continues to benefit from government initiatives, rising clean energy investments, and increasing domestic manufacturing capabilities. Companies like Vikram Solar are positioned to gain from the growing demand for renewable energy infrastructure.

Vikram Solar Share Price Today

On May 8, 2026, Vikram Solar share price opened at ₹225.00, touching the day’s low at ₹214.20, as of 11:32 AM on the NSE.

Also Read: Vikram Solar Share Price in Focus; Secures 378.75 MW Order from INGEL for High Efficiency Modules!

Conclusion

Vikram Solar delivered a strong FY26 performance with record revenues, improved profitability, and robust operational achievements. Backed by a growing order pipeline and increasing demand for solar solutions, the company remains well positioned to capitalise on India’s renewable energy growth story.

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