Heavy Electrical Equipment company Vikran Engineering announced Q1FY27 results Standalone Financial Highlights: Revenue from operations: The standalone revenue for Q1FY27 stood at Rs 20,399 lakh, representing a YoY increase of 28.17% compared to Rs 15,916 lakh in Q1FY26. On a QoQ basis, it saw a decline of 68.49% from Rs 64, 740 lakh in Q4FY26. Total Income: Total income recorded was Rs 21,517 lakh in Q1FY27, reflecting a growth of 34.62% YoY from Rs 15,983 lakh in Q1FY26. It decreased by 67.11% QoQ from Rs 65,420 lakh in Q4FY26. Profit before tax: Standalone PBT reached Rs 2,307 lakh in Q1FY27, showing a significant growth of 212.18% YoY from Rs 739 lakh in Q1FY26, though it declined 70.40% QoQ from Rs 7,793 lakh in Q4FY26. Net Profit for the period: The company reported a standalone net profit of Rs 1,751 lakh in Q1FY27, marking a 209.91% YoY increase from Rs 565 lakh in Q1FY26. On a QoQ basis, net profit fell by 68.73% from Rs 5,600 lakh in Q4FY26. Earnings per equity share (EPS): Basic and Diluted EPS for Q1FY27 was Rs 0.68, compared to Rs 0.31 in Q1FY26 and Rs 2.17 in Q4FY26. Consolidated Financial Highlights: Revenue from operations: Consolidated revenue for Q1FY27 was Rs 14,159 lakh. This represents a YoY decrease of 11.04% compared to Rs 15,916 lakh in Q1FY26 and a 78.13% QoQ drop from Rs 64,740 lakh in Q4FY26. Total Income: The consolidated total income stood at Rs 15,178 lakh in Q1FY27, a YoY decline of 5.04% from Rs 15,983 lakh in Q1FY26 and a 76.80% QoQ decline from Rs 65,420 lakh in Q4FY26. Profit before tax: Consolidated PBT for Q1FY27 was Rs 543 lakh, showing a YoY decrease of 26.52% from Rs 739 lakh in Q1FY26 and a 93.03% QoQ decrease from Rs 7,793 lakh in Q4FY26. Net Profit for the period: Net profit attributable to the owners of the Holding Company was Rs 399 lakh in Q1FY27, representing a YoY decrease of 29.38% from Rs 565 lakh in Q1FY26 and a 92.88% QoQ decline from Rs 5,600 lakh in Q4FY26. Earnings per equity share (EPS): Consolidated Basic and Diluted EPS for Q1FY27 was Rs 0.15, compared to Rs 0.31 in Q1FY26 and Rs 2.17 in Q4FY26. Business Highlights: Segment Performance: The Company is principally engaged in a single business segment, namely Engineering, Procurement, and Construction (EPC) services. As defined in Ind AS 108 "Operating Segments", the entire business falls under this single operational segment. Acquisition of Subsidiary: During Q1FY27, the Company acquired a 49% equity stake in NOPL Solar Projects Private Limited on April 27, 2026, and subsequently acquired the remaining 51% on May 20, 2026. NOPL has now become a wholly-owned subsidiary of the company. New Subsidiaries: The Company subscribed to 100% of the paid-up share capital of Vikran Renewable Private Limited on its incorporation date of May 04, 2026, making it a wholly-owned subsidiary. Fund Raising: The Board approved a proposal for the issuance of Non-Convertible Debentures (NCDs) and commercial papers for an aggregate amount not exceeding Rs 1,000 crore. Enhanced Borrowing Limits: The Board approved a proposal to enhance the company's overall borrowing limits from Rs 1,000 crore to Rs 1,500 crore (Fund-based) under Section 180 (1) (C). Corporate Guarantees: The Board approved a proposal for issuance of Corporate Guarantees aggregating up to Rs 400 crore in favour of wholly-owned subsidiaries, namely NOPL Solar Projects Private Limited and Vikran MP Solar Private Limited, as performance security for solar projects. Audit Appointment: M/s. R.R. Ahirwar & Associates, Cost & Management Accountants, were re-appointed as Cost Auditors of the Company for the financial year FY27. Rakesh Markhedkar, Chairman & Managing Director, Vikran Engineering, said: "We have commenced FY27 on a positive note, delivering approximately 28% YoY revenue growth, while EBITDA grew by around 24% YoY, with margins remaining broadly stable. The performance reflects continued execution momentum across our businesses, alongside our focus on maintaining a healthy balance between growth, profitability and financial discipline. The integration of NOPL Solar Projects marks an important milestone in strengthening our renewable energy platform. With the project now under direct EPC execution by Vikran, our immediate focus is on timely and disciplined execution while further enhancing our capabilities in large-scale renewable infrastructure. Our core Power Transmission & Distribution business also continues to maintain strong momentum. The recent POWERGRID order for a 400 kV GIS substation package, together with the successful commissioning of the Miao-Namsai transmission line in Arunachal Pradesh, reinforces our execution capabilities and the confidence placed in us by our customers. Looking ahead, we remain confident in the structural growth opportunities across power and renewable energy infrastructure. While Solar EPC will continue to be an important growth driver, we are also selectively evaluating emerging opportunities such as Battery Energy Storage Systems and Data Centre infrastructure. Our focus will remain on disciplined growth, timely execution, prudent capital allocation and sustainable long-term value creation for our stakeholders." Result PDF