VIKRAMSOLAR / guidance tracker

Keep management guidance in view.

Vikram Solar · forward-looking guidance across the available source record.

Research layer active

Guidance tracker

What management said would happen.

FY27 EBITDA guidance of ₹1,500-1,600 crore

Management expects EBITDA to grow ~74% YoY to ₹1,500-1,600 crore, driven by 7.5-8 GW production volume.

growth

FY27 production volume of 7.5-8 GW

Includes 2 GW from DCR cells (procured) and 6 GW from non-DCR modules; 6 GW module plant at Gangaikondan to commission by June 2026.

revenue

9 GW cell plant first cell by December 2026

Phase commissioning through Q4 FY27; 9 GW topcon cell plant on track with first cell output in Dec 2026.

expansion

6 GW wafer ingot facility first phase by FY29

Board approved ₹3,700 crore investment for first 6 GW phase at Gangaikondan, commissioning in FY29.

capex