Vikram Solar

Vikram Solar reported a record Q4 FY26 with revenue of ₹1,450 croreCurrent reported value: ₹1,450 crore. No comparable prior figure is available in the source record. (up 31% QoQ), EBITDA of ₹235 croreCurrent reported value: ₹235 crore. No comparable prior figure is available in the source record. (16Current reported value: 16. No comparable prior figure is available in the source record.% margin), and PAT of ₹110 croreCurrent reported value: ₹110 crore. No comparable prior figure is available in the source record.. Full-year revenue hit ₹4,800 croreCurrent reported value: ₹4,800 crore. No comparable prior figure is available in the source record. (+40% YoY) with EBITDA margin expanding 500 bps to 19%. The company achieved its highest-ever quarterly production of ~1 GWCurrent 1 GW. Reported change: +76% YoY. and order booking of ~1.9 GW. Management guided for FY27 EBITDA of ₹1,500-1,600 croreCurrent reported value: ₹1,500-1,600 crore. No comparable prior figure is available in the source record. (74% YoY growth) driven by 7.5-8 GW production, including 2 GW from DCR cells sourced via a procurement agreement. Key risks include margin compression from rising raw material costs (EVA, aluminum) and execution delays in the 9 GW cell plant commissioning (first cell by Dec 2026).