10.96-GW order book: Solar company receives order worth Rs 273 crore from AB Energia Solutions Pvt Ltd

Vikram Solar Limited has recevied a significant order from AB Energia Pvt Ltd, a specialist in commercial and industrial (C&I) solar projects. The order, valued at approximately Rs. 273 crores, is for 200 MW of high-efficiency solar modules, which will be deployed across the states of Maharashtra, Madhya Pradesh, and Gujarat. This agreement highlights the continued collaboration between the two domestic entities, with AB Energia awarding the contract for the supply of these advanced solar modules.

The contract specifies that Vikram Solar will provide its advanced M10R N-Type TOPCon modules, rated at 590 Wp and above, known for their superior performance and higher energy yield. This is a one-time order, with deliveries scheduled to begin in September 2025 and continue through early 2026, specifically until March 2026. The deployment of these modules in three key states underscores a shared commitment to accelerating India's clean energy adoption.

About the Company

Vikram Solar Limited is a leading Indian solar module manufacturer with a significant international presence, exporting its products to 39 countries. Headquartered in Kolkata, West Bengal, the company is one of the largest photovoltaic (PV) module manufacturers in India, boasting a cumulative production capacity of 4.5 GW. It maintains a strong pan-India presence through an extensive network of 83 authorised distributors, over 250 dealers, and 76 system integrators, reinforcing its market position both domestically and abroad.

The company achieved its highest-ever quarterly revenue, EBITDA, and PAT. Revenue grew by an impressive 79.7 per cent year-over-year (Y-o-Y), while EBITDA rose by 117.3 per cent Y-o-Y to Rs 242.2 crore, with an EBITDA margin of 21.4 per cent. The company's profit after tax (PAT) saw a remarkable increase of 483.9 per cent Y-o-Y, and the PAT margin was 11.7 per cent. Additionally, Vikram Solar reported a strong capacity utilisation of 89.2 per cent for the quarter, highlighting efficient production and high demand.

The company has a market cap of over Rs 13,000 crore and has an order book of 10.96-GW with an ROE of 17 per cent and an ROCE of 26 per cent. In FY25, the company reported net sales of Rs 3,423 crore and net profit of Rs 140 crore. The stock is up by 19 per cent from its 52-week low of Rs 312.50 per share.

Disclaimer: The article is for informational purposes only and not investment advice.