Vikram Solar Ltd (NSE: VIKRAMSOLR) closed at ₹214.88, down 9.70%, at today’s market close on the National Stock Exchange of India.
Market Capitalization
At today’s close the company’s market capitalization stood near ₹8,622 crore.
Latest Quarterly Results (Q3 FY26)
Consolidated revenue: ₹1,106 crore. Profit after tax: ₹98 crore. Year-on-year: revenue +8%; PAT +416%.
Segment Highlights (reported figures)
- Modules / Manufacturing: Q3 module sales: 796 MW; 9M sales: 2,344 MW; effective capacity utilization: 90%.
- EPC / C&I / Distribution: Order book: 10.6 GW as on Dec 31, 2025; customer mix disclosed by company.
- New Products & Solutions: Portfolio transition to N-Type modules; product launches cited in investor materials.
Operating Performance (quarterly revenue)
Market Performance (recent closing prices)
Business & Operations Update
- Manufacturing capacity: Commenced operations at the 5 GW Vallam module plant; total module capacity at 9.5 GW as of Dec 31, 2025.
- Sales volumes: Q3 module sales: 796 MW; 9M FY26: 2,344 MW.
- Capacity and utilization: Effective capacity utilization at 90% in Q3 FY26.
- Order book: The order book stands at 10.6 GW, the majority domestic.
- Credit profile: Recent rating updates referenced in filings.
M&A or Strategic Moves
- BESS capex approval: Board approved a capex of ₹4,371 crore for Phase-1 entry into battery energy storage systems (VSL Powerhive).
- Leadership: Executives named for new business units as disclosed in investor materials.
Equity Analyst Commentary (summary)
Institutional analysts in recent calls referenced execution and capacity ramp-up as primary discussion points.
Guidance & Outlook — what to watch for
- Execution and ramp schedules for the Vallam and Gangaikondan projects.
- Progress on the cell project and first cell out timelines.
- Policy developments: ALMM updates, DGTR/anti-dumping, and GST changes.
Performance Summary
Stock move: Closed at ₹214.88, down 9.7%.
Q3 results: Revenue ₹1,106 crore; PAT ₹98 crore.
Operational signals: 796 MW module sales in Q3; Vallam plant commenced operations; ₹4,371 crore BESS capex approved.