Heavy Electrical Equipment company Vikran Engineering announced Q2FY26 results Revenue from operations stood at Rs 176.3 crore compared to Rs 159.2 crore in Q2FY25, an increase of 10.7%, primarily driven by strong execution in the Power T&D; business. EBITDA for the quarter stood at Rs 25.4 crore compared to Rs 12.8 crore in Q2FY25, up 98.9% YoY. EBITDA margin improved to 14.4% from 8.0% in Q2FY25. PAT stood at Rs 9.1 crore in Q2FY26 as compared to Rs 2.1 crore in Q2FY25, reflecting significant improvement in profitability. As of 10th November, 2025, order book stood at ~Rs 4,000+ crore, offering strong revenue visibility and reinforcing execution strength for the next two years. Rakesh Markhedkar, Chairman & Managing Director, Vikran Engineering, said: “The second quarter of FY26 has been a period of steady growth for us, with healthy YoY improvement in revenue and a notable expansion in EBITDA margins. The performance reflects our continued focus on operational discipline, efficient execution, and prudent cost management across projects. We achieved strong order inflows, particularly in the Solar EPC segment, where we secured major projects worth Rs 354 crore from Ellume Energy MH Solar One and Rs 1,642 crore from Carbonminus Maharashtra One. These wins mark a key milestone in our renewable energy foray and significantly enhance our growth visibility. Following our successful IPO, our consolidated order book now exceeds Rs 4,000 crore, providing healthy execution visibility for the next two years and reinforcing our position as a growing multi-sector EPC player. The second half of the year contributes a larger share of EPC execution, and we expect this trend to continue in FY26 as well. With a healthy and diversified order pipeline and a growing presence across key infrastructure segments, we are well-positioned to undertake larger and higher-value projects in the coming quarters. Our robust execution capabilities, combined with a consistent focus on timely delivery and operational excellence, continue to strengthen client trust and enhance our project delivery performance. Furthermore, as we work towards expanding our footprint into international markets, particularly in Africa and the Middle East, we remain confident of achieving sustained growth, driving geographical diversification, and further consolidating our market position in the EPC industry.” Result PDF