Vikran Engineering Ltd

Vikran Engineering announce Letter of Award(LOA) accepted on 10 November 2025 from Carbonminus Maharashtra One Private (SPV) of Rs. 1641.91 crore for development of '505 MWAC Capacity Crystalline Ground Mounted Solar PV Technology Grid Interactive Solar PV Power Plants under MSEDCL LIS scheme at various districts in Maharashtra' by Maharashtra State Electricity Distribution Company (MSEDCL).Powered by Capital Market - Live

Net profit of Vikran Engineering rose 339.42% to Rs 9.14 crore in the quarter ended September 2025 as against Rs 2.08 crore during the previous quarter ended September 2024. Sales rose 10.71% to Rs 176.29 crore in the quarter ended September 2025 as against Rs 159.24 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Sales176.29159.24 11 OPM %14.438.03 - PBDT10.383.82 172 PBT9.793.04 222 NP9.142.08 339 Powered by Capital Market - Live

Vikran Engineering will hold a meeting of the Board of Directors of the Company on 10 November 2025.Powered by Capital Market - Live

Vikran Engineering has been awarded a prestigious turnkey EPC contract worth Rs 354 crore by Ellume Energy MH SolarOne (SPV) for the 100 MW AC / 120 MW DC Solar Power Project in Maharashtra. Under the terms of the Letter of Award (LOA), Vikran Engineering will execute the project on a lump-sum turnkey basis, encompassing comprehensive design, engineering, procurement, construction, installation, testing, and commissioning of the solar power plant, ensuring it becomes fully operational for its intended purpose. The scope also includes adherence to stringent technical standards, safety norms, and performance monitoring systems, with all major components such as PV modules, inverters, and transformers sourced from Tier-1 manufacturers in compliance with IEC and BIS standards.Powered by Capital Market - Live

According to the company's exchange filing, the order is for the development of a 100 MW AC cumulative capacity grid-interactive solar PV power project in Maharashtra. The contract entails turnkey engineering, procurement, and construction (EPC) for the entire 100 MW AC solar power project. The total project size is Rs 354.21 crore and is scheduled to be executed within 12 months. The company clarified that neither its promoters nor any members of the promoter group have any interest in the awarding authority. It further confirmed that the transaction does not qualify as a related-party transaction under applicable regulations. Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure. On a year-on-year (YoY) basis, the company's standalone net profit and revenue from operations jumped 31.7% and 17% respectively in Q1 FY26. Powered by Capital Market - Live

On a year-on-year (YoY) basis, the company's standalone net profit and revenue from operations jumped 31.7% and 17% respectively in Q1 FY26. Profit before tax (PBT) tumbled 86.73% YoY to Rs 7.39 crore in Q1 FY26. During the quarter, total expenses increased 17.13% to Rs 152.44 crore compared with Rs 130.15 crore in Q1 FY25. Cost of material consumed stood at Rs 53.47 crore (up 28.84% YoY), project related expenses was at Rs 50.91 crore (up 165.02% YoY), employee benefit expenses stood at Rs 18.06 crore (up 17.35% YoY) and finance cost was at Rs 15.30 crore (up 109.20% YoY) during the period under review. The shares of Vikran Engineering entered the bourses on 3rd September 2025. The counter listed at Rs 99.70, exhibiting a premium of 2.78% to the Initial public offer (IPO) price of Rs 97. Vikran Engineering provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure.Powered by Capital Market - Live

Net profit of Vikran Engineering rose 31.70% to Rs 5.65 crore in the quarter ended June 2025 as against Rs 4.29 crore during the previous quarter ended June 2024. Sales rose 16.98% to Rs 159.16 crore in the quarter ended June 2025 as against Rs 136.06 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Sales159.16136.06 17 OPM %14.2310.34 - PBDT8.026.93 16 PBT7.396.09 21 NP5.654.29 32 Powered by Capital Market - Live

Vikran Engineering will hold a meeting of the Board of Directors of the Company on 22 September 2025.Powered by Capital Market - Live

The scrip was listed at Rs 99.70, exhibiting a premium of 2.78% to the issue price. So far, the stock has hit a high of Rs 101.39 and a low of Rs 97.92. On the BSE, over 41.14 lakh shares of the company were traded in the counter so far. The initial public offer of Vikran Engineering was subscribed 23.59 times. The issue opened for bidding on 26 August 2025 and it closed on 29 August 2025. The price band of the IPO was fixed between Rs 92 and 97 per share. The IPO comprised both a fresh issue and an offer for sale. The fresh issue comprised an issue of equity shares aggregating up to Rs 721 crore and an offer for sale of up to Rs 51 crore by Rakesh Ashok Markhedkar, one of the promoters of the company. Of the net proceeds from the fresh issue, the company intends to use Rs 541 crore for funding working capital requirements and the balance for general corporate purposes. Vikran Engineering, promoted by Rakesh Ashok Markhedkar, Avinash A. Markhedkar, and Nakul Markehdkar, provides end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis and has a presence across multiple sectors, including power, water, and railway infrastructure. In the power sector, the company has a presence in both power transmission and power distribution. The company also has experience in Solar EPC of ground-mounted solar projects and smart metering. In the water sector, its projects include underground water distribution and surface water extraction, overhead tanks, and distribution networks. As of June 30, 2025, it had completed 45 projects across 14 states, with a total executed contract value of Rs 1919.92 crore. Ahead of the IPO, Vikran Engineering, on 25 August 2025, raised Rs 231.59 crore from anchor investors. The board allotted 2,38,76,287 shares at Rs 97 each to 14 anchor investors. The firm reported a consolidated net profit of Rs 20.52 crore and total income of Rs 120.29 crore for the twelve months ended on 31 March 2025.Powered by Capital Market - Live

The equity shares of Vikran Engineering (Scrip Code: 544496) are listed effective 03 Septemebr 2025 and admitted to dealings on the Exchange in the list of ''B'' Group Securities. At 9:16 IST, the pre-open indicative price for the stock was at a discount of 4.85% to issue price of Rs 97. Powered by Capital Market - Live