Vikram Solar Reports Strong Annual Profit Growth Amid Capacity Expansion Plans

Vikram Solar reported a 416% year-on-year surge in Q3 FY26 net profit to Rs 98 crore, with revenue rising 8% to Rs 1,106 crore and EBITDA increasing 142% to Rs 205 crore. The company's order book stood at 10.6 GW, predominantly domestic. Despite a 25% quarter-on-quarter profit decline, operational metrics like module sales and capacity utilization remained strong. The firm plans to expand manufacturing capacity and battery energy storage systems, with analysts maintaining a positive outlook and a target price of Rs 326.