Vikram Solar Stock Surges Over 11.45% After Strong Q1 Results

Mumbai, September 10, 2025: Vikram Solar Limited’s share price is witnessing a strong rally today, on September 10. As of 10:15 AM, the shares were up by 11.47%, or 41.35 points, and were trading at ₹401.95. Until now, the shares have traded within a range of ₹407.95 and ₹381.60. The current volume stands at 81.79 lakh shares, worth ₹316.56 crore. With the rally today, the current market cap of the company has increased to ₹13,949.62 crore.

Vikram Solar Limited is an Indian company that manufactures solar modules and provides integrated solar energy solutions. The company was established in 2005 and is headquartered in Kolkata, West Bengal, India. The company is listed on NSE with the ticker symbol VIKRAMSOLR and on BSE with the code 544488.

Key Trigger: Strong Q1FY26 Results

The strong rally today comes after the company announced its Q1FY26 results, in which it reported its highest-ever quarterly revenue, EBITDA, and PAT. Vikram Solar reported its best-ever financial performance in Q1 FY26, with revenue increasing by 79.7% year-on-year to ₹1,133.6 crore compared to ₹630.9 crore in Q1 FY25. EBITDA more than doubled to ₹242.2 crore from ₹111.5 crore, driving the EBITDA margin up by 370 bps to 21.4%. Profit before tax (PBT) increased over four times to ₹180.6 crore from ₹35.5 crore, while profit after tax (PAT) jumped nearly five times to ₹133.4 crore against ₹22.8 crore last year. PAT margin improved to 11.7% from 3.6%, an increase of 810 bps. Earnings per share (EPS) also rose to ₹4.21 from ₹0.75 in the same quarter of the previous year.

FY26 Begins on a Strong Note For Vikram Solar

Chairman and MD Gyanesh Chaudhary said: “FY26 has begun on a strong note, with robust growth across revenue, profitability, and margins. Our healthy order pipeline of 10.96 GW and strategic backward integration into solar cell manufacturing will strengthen supply chain security and cost competitiveness. With strong industry tailwinds, we are confident of sustaining this momentum.”

Order Book of 10.96 GW

Vikram Solar’s key business updates include:

• Order Book: 10.96 GW as of June 30, 2025. Capacity Utilisation: 89.2% during the quarter
• Major Orders: 250 MW supply order from Bondada Group (Maharashtra), 326 MW from Gujarat Industries Power Company Ltd (GIPCL), 336 MW from Larsen & Toubro (L&T)
• Recognition: Awarded Top Brand PV India 2025 and Top Performer 2025 by Kiwa PVEL for the 8th time
• Sustainability: Received EcoVadis Platinum Medal, placing it in the top 1% globally for ESG performance.

The strong financial result is a testament to the effective business operations of Vikram Solar. With solar power expected to become cheaper after the announcement of new GST reforms, Vikram Solar is well-positioned to utilise the positive factors and increase its business efficiency in the future.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/a3b9424a-706a-45f8-bf36-e7295ca846ac.pdf

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