Electrical Equipment & Products company Vikram Solar announced Q4FY26 & FY26 results Q4FY26 Consolidated Financial Highlights: Total Revenue from operations stood at Rs 14,528.16 million in Q4FY26, representing a YoY increase of 21.72% from Rs 11,935.21 million in Q4FY25. Total Income for the quarter was Rs 14,710.12 million, compared to Rs 12,010.57 million in Q4FY25, a growth of 22.48% YoY. Net Profit for the quarter reached Rs 1,104.22 million, reflecting a YoY growth of 21.86% from Rs 906.13 million. FY26 Consolidated Financial Highlights: Annual Revenue from operations for FY26 stood at Rs 48,022.51 million, up 40.28% YoY from Rs 34,234.53 million in FY25. Total Income for the year reached Rs 48,607.78 million, compared to Rs 34,595.27 million in FY25, a growth of 40.50% YoY. Profit Before Tax (PBT) for FY26 was Rs 6,469.61 million, a significant increase of 197.64% YoY from Rs 2,173.63 million in FY25. Net Profit for the full year FY26 rose to Rs 4,704.21 million from Rs 1,398.31 million in FY25, representing a YoY growth of 236.42%. Basic Earnings Per Share (EPS) for FY26 was Rs 13.68 as against Rs 4.61 in FY25. Q4FY26 Standalone Financial Highlights: Total Revenue from operations for Q4FY26 was Rs 14,525.97 million, up 22.77% YoY from Rs 11,832.20 million in Q4FY25. Total Income stood at Rs 14,709.69 million, representing a YoY growth of 23.82% from Rs 11,879.69 million. Net Profit reached Rs 1,099.74 million in Q4FY26, a growth of 32.76% YoY from Rs 828.40 million. FY26 Standalone Financial Highlights: Standalone Revenue from operations for FY26 reached Rs 48,034.33 million, reflecting a YoY growth of 40.64% over Rs 34,154.53 million in FY25. Standalone Net Profit for FY26 was Rs 4,690.58 million, an increase of 237.22% YoY from Rs 1,390.96 million in FY25. Profit Before Tax for the year stood at Rs 6,464.91 million as against Rs 2,161.53 million in FY25. Business Highlights Segment Performance: The Group operates in a single primary reportable segment, which includes the manufacturing of Solar Photovoltaic Modules, Engineering, Procurement and Construction (EPC) services, and operation & maintenance of solar power plants. Expansion and Capex: The Board approved a Rs 3,726 crore capital expenditure to establish a 6 GW backward-integrated wafer and ingot facility at Gangaikondan, Tamil Nadu. This project is the first phase of a comprehensive 12 GW roadmap scheduled to be commissioned by FY30. IPO Completion: During FY26, the Company completed its Initial Public Offer (IPO) of 62,631,604 equity shares at an issue price of Rs 332 per share, aggregating to Rs 20,793.69 million (including a fresh issue of Rs 15,000 million). The shares were listed on August 26, 2025. Subsidiary Status: VSL Green Power Private Limited, a wholly owned subsidiary, has been designated as a material subsidiary of the Company. Labour Code Assessment: The Group has assessed the financial implications of the new unified framework of four Labour Codes. The estimated increase in gratuity liability and compensated absences is Rs 56.15 million, which has been presented as an "Impact of Labour Codes" under exceptional items for FY26. Safeguard Duty Receivable: The Company has accounted for a safeguard duty amount of Rs 1,485.20 million as a receivable, which is currently subject to litigation before the Supreme Court of India. Result PDF
Conference Call with Vikram Solar Management and Analysts on Q4FY26 & Full Year Performance and Outlook. Listen to the full earnings transcript.