Vikram Solar Ltd

Vikram Solar announced the commissioning of its state-of-the-art Vallam manufacturing facility in Tamil Nadu, adding 5 GW of advanced module production capacity. With this next-gen expansion, the company now commands a total manufacturing capacity of 9.5 GW. Powered by Capital Market - Live

Vikram Solar unveiled its latest product, Hypersol Pro, at the Renewable Energy India (REI) Expo 2025. The new N-Type module has been meticulously engineered to deliver exceptional efficiency, reliability, and longevity for next-generation solar installations. Building on the success of the Hypersol series, Hypersol Pro ensures zero reverse power loss, enabling unidirectional current flow that minimizes energy waste and maximizes total power generation even under voltage mismatch scenarios. It is ideal for rooftops, commercial and industrial installations with battery systems, as well as utility-scale projects with closely spaced strings. Hypersol Pro is available in two variants, G12R and M10R, delivering up to 23.69% and 23.61% efficiency, with power outputs of 640 Wp and 610 Wp, respectively. Unlike conventional modules, its advanced design ensures unidirectional current flow, effectively eliminating reverse current and minimizing energy waste to maximize total power generation. The module also seamlessly integrates into rooftop, ground-mount, floating, or hybrid configurations, offering consistent protection and stable output across all system types. The innovative new design set new standards for hotspot-resistant performance, preventing reverse current between parallel module strings to protect cells and extend module life, enabling sustained, high-efficiency performance throughout its operational lifetime. Designed to optimize every watt generated, the product minimizes internal energy losses for consistent power output, delivering higher energy yield and faster return on investment. It is smart, energy-ready and compatible with hybrid, bi-directional, as well as smart grid connected configurations. It also offers universal compatibility across rooftop, ground mounted, floating, and hybrid applications.Powered by Capital Market - Live

Vikram Solar, one of India's leading solar PV module manufacturers, has announced a major order of 148.9 MW high-efficiency solar modules from Sunsure Energy, a leading renewable energy solutions provider for India's leading businesses and utilities transitioning to green power. The modules, rated at 595 Wp, will be deployed across Maharashtra and Uttar Pradesh, two states that are playing a pivotal role in advancing India's clean energy ambitions.Powered by Capital Market - Live

Sunsure Energy is a renewable energy solutions provider for India's businesses and utilities transitioning to green power. The modules, rated at 595 Wp, will be deployed across Maharashtra and Uttar Pradesh. Under this contract, Vikram Solar will supply its advanced Ml0R N-Type TOPCon modules to Sunsure, known for superior efficiency, reliability, and high energy yield. This order from Sunsure Energy adds to a series of significant wins for the company this year, including 200 MW from AB Energia, 336 MW from L&T Construction, and 326 MW from Gujarat Industries Power Company, among others. Gyanesh Chaudhary, chairman & managing director, Vikram Solar, said: India recently crossing the 125 GW renewable energy capacity mark is a powerful reminder of the momentum we've built on our clean energy journey. By combining technological excellence with strong industry partnerships, we are not just accelerating project execution but also strengthening the collective ecosystem that will power India's clean energy future.' 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 0.43% to currently trade at Rs 337.40 on the BSE. Powered by Capital Market - Live

Net profit of Vikram Solar rose 1645.79% 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 rose 93.72% to Rs 1109.91 crore in the quarter ended September 2025 as against Rs 572.95 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales1109.91572.95 94 OPM %21.1712.59 - PBDT219.3448.76 350 PBT184.4611.44 1512 NP128.497.36 1646 Powered by Capital Market - Live

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

The modules, rated at 590 Wp and above will be deployed across Maharashtra, Madhya Pradesh, and Gujarat. As part of this order, Vikram Solar will supply its advanced modules. The deliveries are scheduled to begin in September 2025 and will continue through early 2026. Gyanesh Chaudhary, chairman & managing director, Vikram Solar, said: 'We are proud to continue our collaboration with partners that share our vision for accelerating India's renewable energy transition. This order not only reflects the continued trust from AB Energia in our technology and execution but also reinforces Vikram Solar's position as a dependable and future-ready solar solutions provider. We remain committed to delivering high-performance products and building long-term partnerships that drive sustainable progress.' Vikram Solar Limited 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's consolidated net profit surged to Rs 133.36 crore in the quarter ended June 2025 as against Rs 22.84 crore during the previous quarter ended June 2024. Sales rose 79.67% to Rs 1133.58 crore in Q1 FY26 over Q1 FY25. Powered by Capital Market - Live

Vikram Solar has announced a major order of 200 MW high-efficiency solar modules from AB Energia, a specialist in end-to-end EPC solutions for commercial and industrial (C&I) solar projects. The modules, rated at 590 Wp and above will be deployed across Maharashtra, Madhya Pradesh, and Gujarat, three solar-progressive states that are accelerating their clean energy adoption.  As part of this order, Vikram Solar will supply its advanced M10R N-Type TOPCon modules, designed for superior performance, reliability, and higher energy yield. Deliveries are scheduled to begin in September 2025 and will continue through early 2026. Powered by Capital Market - Live

Revenue from operations jumped 79.7% YoY to Rs 1,133.58 crore during the quarter ended 30th June 2025. Profit before tax (PBT) surged 408.8% YoY to Rs 180.62 crore in Q1 FY26. EBITDA stood at Rs 242.2 crore, registering the growth of 117.3% compared with Rs 111.5 crore posted in same quarter last year. EBITDA margin expanded by 370 bps to 21.4% in Q1 FY26 as against 17.7% in Q1 FY25. As on 30th June 2025, order book stands at 10.96 GW while capacity utilization stands at 89.2%. Gyanesh Chaudhary, chairman & managing director, Vikram Solar, said, 'Our order book pipeline as on 30th June remains healthy at 10.96 GW, underlining the continued trust of our customers and strong market demand. With our expanding capacities and faster turnaround times, we remain confident of executing these orders on schedule and at scale. On the capex front, we are undertaking a transformational growth journey. We are scaling our manufacturing capacities by ~4x, supported by a buoyant demand environment. Additionally, we are strategically backward integrating into solar cell manufacturing which gives us supply chain security and cost competitiveness and strengthens our position across the value chain. Looking ahead, we remain confident of sustaining this momentum through the rest of the year, driven by our strong order pipeline, expanding capacities, and disciplined execution. With multiple industry tailwinds such as focus on Atmanirbhar Bharat, coupled with policy support like PLI schemes, custom duties, and encouragement in domestic production and green hydrogen ambitions, has created the right ecosystem for building a truly self-reliant solar value chain.' Vikram Solar is a solar module manufacturer, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries.Powered by Capital Market - Live

Net profit of Vikram Solar rose 483.89% to Rs 133.36 crore in the quarter ended June 2025 as against Rs 22.84 crore during the previous quarter ended June 2024. Sales rose 79.67% to Rs 1133.58 crore in the quarter ended June 2025 as against Rs 630.94 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales1133.58630.94 80 OPM %21.3717.66 - PBDT214.1372.80 194 PBT180.6235.50 409 NP133.3622.84 484 Powered by Capital Market - Live