Vikram Solar, a producer of photovoltaic or pv components , has reported a multi-fold surge in consolidated net revenue to 133 4 crore for the June quarter, backed by greater profits.
The company, which made its market launching around 2 weeks back, claimed its net revenue or earnings after tax (PAT) was 22 8 crore in the April-June duration of the coming before 2024 – 25 fiscal year.
Its profits for Q 1 FY 26 expanded by 79 7 per cent year-on-year to 1, 133 crore from 630 9 crore a year back, the company claimed in its first revenues report on Tuesday, after listing.
The firm’s order publication stands at 10 96 GW as of June 30
Vikram Solar CMD Gyanesh Chaudhary said FY 26 has actually started on a strong note, mirroring durable development throughout earnings, profitability, and margins. Besides earnings, EBITDA has expanded by an impressive 117 3 percent to 242 2 crore.
“On the capex front, we are scaling our manufacturing capacities by 4 x, sustained by a buoyant need atmosphere. Furthermore, we are purposefully in reverse integrating into solar cell production, which provides us supply chain safety and security and price competition and reinforces our setting throughout the value chain,” he stated.
Kolkata-headquartered Vikram Solar is among the biggest PV component suppliers in India with a cumulative production capacity of 4 5 GW.
On August 26, shares of Vikram Solar made a lukewarm market launching on the exchanges on Tuesday, detailing with a costs of over 2 percent versus the problem rate of 332
The supply opened up for trading at 338 each, up by 2 41 percent on the NSE.
On the BSE, the supply provided at 340, up by 1 81 percent.
Later, it surged by 13 43 per cent each to hit a high of 376 60 per piece on the bourses.