Vikram Solar Ltd

PowerHive, the battery and energy storage arm of Vikram Solar, announced the launch of its flagship brand VION, marking the company's entry into distributed battery storage for electric mobility and residential energy backup. VION is a next-generation lithium battery storage brand delivering reliable, high-performance solutions for everyday power needs. Built for the way energy is used in India, it prioritises safety, long service life, and consistent output across frequent cycling, variable loads, and demanding operating conditions. The initial portfolio includes five commercial battery products across three categories: inverter batteries, integrated inverter-battery solutions, and e-rickshaw batteries. For homes, the portfolio includes 1.2 KWH to 15 KWH batteries designed for UPS and inverter systems, ensuring reliable power during outages. The batteries deliver over 3 hours, 6 hours, and 12 hours of backup, respectively, helping households stay powered for longer. The 5 KWH to 15 KWH packs can be used for running high power consuming appliances like AC during a power outage. VION also introduces Integrated PowerStack 1.0, an all-in-one inverter and battery solution designed to make home power backup simpler and smarter. Available in a 1.2 KWH configuration, the system comes in wall-mounted and tabletop options, making it easy to fit into any home without taking up extra space. The VION range also includes a 5 KWH E-Rickshaw battery, specifically designed for electric rickshaws. Built with advanced LiFePO'' prismatic cells and an AIS-156 compliant safety architecture, the battery is engineered to handle the demanding daily cycles of commercial three-wheelers and comes with a 36-month warranty. The company has already secured a 100 MWH BESS order, demonstrating strong early market demand and meaningful progress toward winning long term, high capacity projects. The launch aligns with Vikram Solar's strategy to expand into battery energy storage systems (BESS) and integrated clean energy solutions, as part of its broader roadmap to build 5 GWh BESS manufacturing capacity by FY27 and 7.5 GWh battery cell manufacturing capacity by FY29. 'Powered by Capital Market - Live

Vikram Solar will hold a meeting of the Board of Directors of the Company on 11 March 2026.Powered by Capital Market - Live

Vikram Solar has secured an order to supply 378.75 MW of high-efficiency modules for a major project tendered by NTPC Green Energy (INGEL), the renewable energy arm of NTPC. The modules will be deployed near Nakhatrana in the Kutch district of Gujarat as part of the 600 MW solar project by Indian Oil NTPC Green Energy (INGEL), a joint venture between Indian Oil Corporation Limited and NTPC Green Energy, further reinforcing the company's presence in one of India's most strategically important renewable energy regions. Under the scope of the order, the company will supply its advanced N-TOPCon modules, engineered to deliver enhanced performance, reliability, and energy yield in utility-scale installations. Delivery is expected to commence in FY26. Gyanesh Chaudhary, Chairman & Managing Director, Vikram Solar, said: 'This order marks an important milestone for Vikram Solar as we commence our first engagement with INGEL on a large scale, strategically significant project in Gujarat. It reinforces our ability to deliver high-performance N-TOPCon technology for complex utility-scale deployments, backed by execution certainty and manufacturing strength. We see this as the beginning of a strong, long-term collaboration supporting India's accelerated clean energy transition.' Powered by Capital Market - Live

NDL Ventures Ltd, Transworld Shipping Lines Ltd, Creative Eye Ltd and Shyam Telecom Ltd are among the other losers in the BSE's 'B' group today, 20 February 2026.Vikram Solar Ltd lost 10.33% to Rs 193.65 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 3.57 lakh shares were traded on the counter so far as against the average daily volumes of 86869 shares in the past one month.NDL Ventures Ltd tumbled 9.13% to Rs 114.1. The stock was the second biggest loser in 'B' group.On the BSE, 9818 shares were traded on the counter so far as against the average daily volumes of 10583 shares in the past one month.Transworld Shipping Lines Ltd crashed 8.72% to Rs 144.4. The stock was the third biggest loser in 'B' group.On the BSE, 5723 shares were traded on the counter so far as against the average daily volumes of 2781 shares in the past one month.Creative Eye Ltd corrected 8.03% to Rs 6.3. The stock was the fourth biggest loser in 'B' group.On the BSE, 8982 shares were traded on the counter so far as against the average daily volumes of 2201 shares in the past one month.Shyam Telecom Ltd shed 7.83% to Rs 9.77. The stock was the fifth biggest loser in 'B' group.On the BSE, 15 shares were traded on the counter so far as against the average daily volumes of 1844 shares in the past one month.Powered by Capital Market - Live

On a year on year (YoY) basis, the company's consolidated net profit surged 405.47% while revenue from operations jumped 7.79% in Q3 FY26. Profit before exceptional items and tax soared 402.2% to Rs 148.45 crore in Q3 FY26 compared with Rs 29.56 crore posted in corresponding quarter last year. Exceptional items during the quarter included labour code charges amounting to Rs 5.61 crore. EBITDA rose sharply to Rs 205 crore in Q3 FY26, registering a 142% increase from Rs 85 crore reported in the year-ago period. The EBITDA margin expanded significantly to 19% in Q3 FY26 from 8% in Q3 FY25. Order book stood at 10.6 GW as of 31st December 2025. Domestic operations accounted for 84% of total revenue, while exports contributed the remaining 16%. In Q3 FY26, module sales jumped 35% YoY to 796 MW. Capacity utilization stands at 90% in during the quarter. Gyanesh Chaudhary, chairman & managing director, Vikram Solar, said, 'During this quarter, we delivered a resilient and disciplined performance, anchored by strong execution volumes and continued improvements in operating efficiency. Revenues grew 8% yearon-year, reflecting the steady scale-up of our manufacturing operations and our ability to execute consistently in a dynamic market environment. The broader solar industry continues to be firmly positioned for long-term growth, supported by robust demand fundamentals, enabling policy frameworks, and a growing shift toward high-efficiency and technologically advanced solutions. Our order book remains robust at 10.6 GW, providing strong medium-term revenue visibility across utility-scale, C&I, and other customer segments. During the quarter, we successfully commenced operations at our 5 GW Vallam manufacturing facility, which is ramping up as planned and meaningfully strengthens our ability to deliver high-quality, large-scale solutions to both domestic and global customers. In parallel, our Gangaikondan cell and module projects continue to progress in line with our roadmap, reinforcing our focus on backward integration, cost competitiveness, and long-term resilience of the value chain. During the quarter, we successfully transitioned our entire portfolio to high-efficiency N-Type modules, with our HYPERSOL series delivering power outputs of up to 640 Wp. This marks an important step in aligning Indian manufacturing with international standards on efficiency, form factor, and long-term bankability.' Vikram Solar is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. The company is one of the largest PV module manufacturers in India with cumulative production capacity of 9.5 GW.Powered by Capital Market - Live

Profit before exceptional items and tax soared 402.2% to Rs 148.45 crore in Q3 FY26 compared with Rs 29.56 crore posted in corresponding quarter last year. Exceptional items during the quarter included labour code charges amounting to Rs 5.61 crore. EBITDA rose sharply to Rs 205 crore in Q3 FY26, registering a 142% increase from Rs 85 crore reported in the year-ago period. The EBITDA margin expanded significantly to 19% in Q3 FY26 from 8% in Q3 FY25. Order book stood at 10.6 GW as of 31st December 2025. Domestic operations accounted for 84% of total revenue, while exports contributed the remaining 16%. In Q3 FY26, module sales jumped 35% YoY to 796 MW. Capacity utilization stands at 90% in during the quarter. Gyanesh Chaudhary, chairman & managing director, Vikram Solar, said, 'During this quarter, we delivered a resilient and disciplined performance, anchored by strong execution volumes and continued improvements in operating efficiency. Revenues grew 8% yearon-year, reflecting the steady scale-up of our manufacturing operations and our ability to execute consistently in a dynamic market environment. The broader solar industry continues to be firmly positioned for long-term growth, supported by robust demand fundamentals, enabling policy frameworks, and a growing shift toward high-efficiency and technologically advanced solutions. Our order book remains robust at 10.6 GW, providing strong medium-term revenue visibility across utility-scale, C&I, and other customer segments. During the quarter, we successfully commenced operations at our 5 GW Vallam manufacturing facility, which is ramping up as planned and meaningfully strengthens our ability to deliver high-quality, large-scale solutions to both domestic and global customers. In parallel, our Gangaikondan cell and module projects continue to progress in line with our roadmap, reinforcing our focus on backward integration, cost competitiveness, and long-term resilience of the value chain. During the quarter, we successfully transitioned our entire portfolio to high-efficiency N-Type modules, with our HYPERSOL series delivering power outputs of up to 640 Wp. This marks an important step in aligning Indian manufacturing with international standards on efficiency, form factor, and long-term bankability.' Vikram Solar is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. The company is one of the largest PV module manufacturers in India with cumulative production capacity of 9.5 GW. The counter declined 9.71% to settle at Rs 214.90 on the BSE.Powered by Capital Market - Live

Net profit of Vikram Solar rose 416.04% to Rs 98.15 crore in the quarter ended December 2025 as against Rs 19.02 crore during the previous quarter ended December 2024. Sales rose 7.79% to Rs 1105.95 crore in the quarter ended December 2025 as against Rs 1026.05 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales1105.951026.05 8 OPM %18.538.26 - PBDT184.9768.70 169 PBT148.4529.57 402 NP98.1519.02 416 Powered by Capital Market - Live

Vikram Solar will hold a meeting of the Board of Directors of the Company on 20 January 2026.Powered by Capital Market - Live

Powerhive's long-term roadmap outlines a planned 30 GWh of battery cell, module/pack, and BESS manufacturing capacity to be developed in a phased manner. As part of Phase 1, VSL Powerhive will commission a 5 GWh BESS manufacturing facility at Oragadam, Tamil Nadu by FY27. Further, the company is also advancing backward integration into battery cell manufacturing, with plans to set up a 7.5 GWh cell manufacturing facility that is expected to be fully operational by FY29, subject to receipt of applicable statutory and regulatory approvals. A core component of this venture will be a dedicated R&D lab, tasked with developing future-ready battery products and innovative solutions to maintain market leadership. The proposed capital expenditure shall be funded through a combination of debt and equity. Vikram Solar is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. The company is one of the largest PV module manufacturers in India with cumulative production capacity of 4.5 GW. The company's consolidated net profit surged to Rs 128.49 crore in the quarter ended September 2025 as against Rs 7.36 crore during the previous quarter ended September 2024. Sales jumped 93.72% to Rs 1,109.91 crore in Q2 FY26 over Q2 FY25. The scrip rose 0.06% to Rs 235.55 on the BSE.Powered by Capital Market - Live

Vikram Solar will hold a meeting of the Board of Directors of the Company on 16 December 2025.Powered by Capital Market - Live