52-week high alert & 10.96-GW order book: Solar stock jumps after delivering its highest quarterly revenue, EBITDA & PAT for Q1FY26

On Wednesday, shares of Vikram Solar Limited jumped 13.13 per cent to an intraday high of Rs 407.85 per share from its previous closing of Rs 360.50 per share. The stock also made a fresh new 52-week high of Rs 407.85 per share and its 52-week low is Rs 312.50 per share. The shares of the company saw a spurt in volume by more than 6 times on the BSE.

Vikram Solar Limited has released its unaudited financial results for the first quarter of fiscal year 2026 (Q1 FY26), showing significant growth across all key metrics. 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.

Beyond the strong financial performance, Vikram Solar also announced several key achievements and new business developments. The company secured a number of large solar module supply orders, including 250 MW from Bondada Group in Maharashtra, 326 MW from GIPCL, and 336 MW from Larsen & Toubro (L&T). These contracts demonstrate the company's robust market position and growing order book. In addition, Vikram Solar received several prestigious recognitions, such as being named a "Top Brand PV India 2025" by EUPD Research and achieving "Top Performer 2025" status in Kiwa PVEL’s PQP for the eighth time. The company also received an EcoVadis Platinum Medal for its sustainability efforts and launched its first-ever TV ad campaign, "Khushiyon Wali Sunshine."

About the Company

Vikram Solar Limited is a prominent Indian solar module manufacturer with a global presence in 39 countries. Based in Kolkata, the company is one of the largest photovoltaic (PV) module manufacturers in India, boasting a cumulative production capacity of 4.5 GW. Recognised for its performance, Vikram Solar was named a "Top Performer" in the 2025 PVEL PV Module Reliability scorecard and is featured on Bloomberg NEF's Tier 1 solar PV modules manufacturer list. The company maintains a strong domestic presence through its extensive network of 83 authorised distributors, over 250 dealers and 76 system integrators across India.

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 over 30 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.