Vikram Solar Shares Jump 11% on Record Q1 Revenue and Profit

Shares of Vikram Solar, a leading Indian photovoltaic (PV) module manufacturer, surged over 11% on September 10, 2025, following the company’s outstanding financial results for the first quarter of FY2025-26.

The company reported a remarkable 75% year-on-year increase in net profit, reaching ₹140 crore, up from ₹80 crore in the same quarter last year. This represents a nearly fivefold growth compared to earlier periods reported. Revenue from operations hit a record high of ₹3,423 crore, marking a 36% rise compared to the ₹2,511 crore recorded in Q1 of the previous fiscal year.

Vikram Solar’s EBITDA margin expanded significantly by nearly 370 to 690 basis points, depending on the report, reaching between 15.9% and 21.4%, highlighting improved operational efficiency.

This strong performance is driven by a combination of factors, including robust policy support from the government, growing energy demand fueled by advances such as artificial intelligence, and a broad shift towards renewable energy, especially solar power and energy storage solutions.

The company’s integrated approach across the solar value chain positions it well to capitalize on the expanding demand for clean energy in India and beyond.

Following its market debut on August 26, 2025, where Vikram Solar listed at a premium over its issue price, investor confidence has grown, reflected in the significant share price rally. The impressive quarterly results have further bolstered optimism about the company’s future growth prospects.