Vikram Solar Reports ₹98 Crore Q3 Profit, Approves ₹4,371 Crore Capex for BESS
Vikram Solar reported a net profit of ₹98.15 crore for Q3FY26, a significant increase from ₹19.02 crore in the same quarter last year, attributed to volume growth and enhanced efficiency. The company approved a ₹4,371 crore investment for a battery energy storage systems project, aiming to establish a 5 GWh facility by FY27, expanding to 7.5 GWh in total. Revenue for the quarter rose by 7.79% year-on-year to ₹1,105.95 crore, with expenses decreasing by 3.03%.
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Vikram Solar reported a net profit of ₹98.15 crore for Q3FY26, up from ₹19.02 crore in Q3FY25, driven by volume growth and improved efficiency. The board approved ₹4,371 crore for a battery energy storage systems project via VSL Powerhive.
Q3FY26 revenue increased 7.79% year-on-year to ₹1,105.95 crore, while expenses decreased 3.03% to ₹977.73 crore. Ebitda margin grew to 19% from 8%, with module sales reaching 796 MW, a 35% increase. The initial phase of the BESS project aims for a 5 GWh facility by FY27, expanding to a total of 7.5 GWh.
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