Vikran Engineering earnings calls.

Vikran Engineering delivered its highest-ever full-year revenue of INR 1,249 croreCurrent reported value: INR 1,249 crore. No comparable prior figure is available in the source record. in FY26, up 36% YoY, driven by robust execution across power T&D and accelerated solar EPC ramp-up. EBITDA stood at INR 175 croreCurrent reported value: INR 175 crore. No comparable prior figure is available in the source record. with 14% margin, down from historical 15-17% range due to early-stage solar projects and JJM receivables provisions. Management targets INR 2,200+ croreCurrent INR 2,200+ crore. Reported change: +76% YoY. revenue for FY27 with 14-15% EBITDA margins, with further acceleration to 3,000+ crore by FY28. The company completed the NOPPL acquisition (969 MW solar, INR 4,200 crore investment, 85-88% EBITDA margins on PPA revenues), adding to its 5,000+ crCurrent 5,000+ Cr. Reported change: +60%+ YoY (from ~3,000 Cr).ore order book. Credit rating upgraded to A- with stable outlook. Cash flow from operations will remain negative through FY27 due to growth investments but expected to turn positive in FY28. Key risks include margin normalization pressure amid solar mix shift and elevated working capital requirements given receivables of INR 280-300 crore from JJM projects.