Vikram Solar posts 79.7% revenue growth in Q1 FY 2025-26

Vikram Solar Limited has reported revenue of Rs 11.33 billion for the first quarter of FY 2025-26, ending June 30, 2025. This reflects a 79.7 per cent increase from Rs 6.30 billion in the same period last year.

Earnings before interest, taxes, depreciation, and amortisation stood at Rs 2.42 billion in Q1 FY 2025-26, compared to Rs 1.11 billion in Q1 FY 2024-25, representing a 117.3 per cent year-on-year increase.

Vikram Solar has announced plans for 12 GW of solar cell manufacturing and 5 GWh of battery energy storage system capacity by FY 2027. The company has sold 7.88 GW of modules since inception and reported an order book of 10.96 GW, more than twice its rated capacity. Its facilities in Chennai and Kolkata together have a capacity of 4.5 GW.