Vikram Solar Limited has announced its unaudited financial results for the third quarter and nine months ended 31 December 2025.
For Q3 FY26 revenue from operations stood at INR 1,106 crore representing an 8% year on year increase. EBITDA rose sharply to INR 205 crore up 142% YoY with margins improving to 19% compared to 8 percent in the same quarter last year. Profit after tax increased to INR 98 crore reflecting a 416% YoY growth with PAT margins of 9 percent.
For the nine month period FY26 revenue reached INR 3,349 crore up 50% YoY while EBITDA stood at INR 682 crore. PAT for the period rose to INR 360 crore compared to INR 49 crore in the previous year.
Operationally the company sold 796 MW of modules in Q3 FY26 and 2,344 MW during 9M FY26 with capacity utilisation at around 90 percent. Vikram Solar commissioned a new 5 GW module plant at Vallam taking total capacity to 9.5 GW. The order book stood at 10.6 GW with a majority from domestic markets.
During the quarter the company also approved capex for entry into battery energy storage systems strengthened its leadership team and launched new N type solar module technology.
Read the full report here – https://www.vikramsolar.com/press-releases/vsl_q3fy26-pr/
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