{"id":176178,"date":"2026-01-22T14:10:05","date_gmt":"2026-01-22T19:10:05","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=176178"},"modified":"2026-01-26T10:55:06","modified_gmt":"2026-01-26T15:55:06","slug":"vikram-solar-shares-fall-after-q3-results-stock-down-9-7-at-close","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/vikram-solar-shares-fall-after-q3-results-stock-down-9-7-at-close\/","title":{"rendered":"Vikram Solar shares fall after Q3 results; stock down 9.7% at close"},"content":{"rendered":"\n

Vikram Solar Ltd (NSE: VIKRAMSOLR) closed at \u20b9214.88<\/strong>, down 9.70%,<\/strong> at today\u2019s market close on the National Stock Exchange of India.<\/p>\n\n\n\n

Market capitalization<\/h2>\n\n\n\n

At today\u2019s close the company\u2019s market capitalization stood near \u20b98,622 crore<\/strong>.<\/p>\n\n\n\n

Latest quarterly results (Q3 FY26)<\/h2>\n\n\n\n

Consolidated revenue: \u20b91,106 crore<\/strong>. Profit after tax: \u20b998 crore<\/strong>. Year-on-year: revenue +8%; PAT +416%.<\/p>\n\n\n\n

Segment highlights (reported figures)<\/h2>\n\n\n\n
    \n
  • Modules \/ Manufacturing: <\/strong>Q3 module sales: 796 MW; 9M sales: 2,344 MW; effective capacity utilization: 90%.<\/li>\n\n\n\n
  • EPC \/ C&I \/ Distribution: <\/strong>Order book: 10.6 GW as on Dec 31, 2025; customer mix disclosed by company.<\/li>\n\n\n\n
  • New Products & Solutions: <\/strong>Portfolio transition to N-Type modules; product launches cited in investor materials.<\/li>\n<\/ul>\n\n\n\n

    Operating performance<\/strong><\/h2>\n\n\n\n
    \"\"<\/figure>\n\n\n\n

    Market performance<\/strong><\/h2>\n\n\n\n
    \"\"<\/figure>\n\n\n\n

    Business & operations update<\/h2>\n\n\n\n
      \n
    • Manufacturing capacity: <\/strong>Commenced operations at the 5 GW Vallam module plant; total module capacity at 9.5 GW as of Dec 31, 2025.<\/li>\n\n\n\n
    • Sales volumes: <\/strong>Q3 module sales: 796 MW; 9M FY26: 2,344 MW.<\/li>\n\n\n\n
    • Capacity and utilization: <\/strong>Effective capacity utilization at 90% in Q3 FY26.<\/li>\n\n\n\n
    • Order book: <\/strong>The order book stands at 10.6 GW, the majority domestic.<\/li>\n\n\n\n
    • Credit profile: <\/strong>Recent rating updates referenced in filings.<\/li>\n<\/ul>\n\n\n\n

      M&A or strategic moves<\/h2>\n\n\n\n
        \n
      • BESS capex approval: <\/strong>Board approved a capex of \u20b94,371 crore for Phase-1 entry into battery energy storage systems (VSL Powerhive).<\/li>\n\n\n\n
      • Leadership: <\/strong>Executives named for new business units as disclosed in investor materials.<\/li>\n<\/ul>\n\n\n\n

        Equity analyst commentary (summary)<\/h2>\n\n\n\n

        Institutional analysts in recent calls referenced execution and capacity ramp-up as primary discussion points.<\/p>\n\n\n\n

        Guidance & outlook \u2014 what to watch for<\/h2>\n\n\n\n
          \n
        • Execution and ramp schedules for the Vallam and Gangaikondan projects.<\/li>\n\n\n\n
        • Progress on the cell project and first cell out timelines.<\/li>\n\n\n\n
        • Policy developments: ALMM updates, DGTR\/anti-dumping, and GST changes.<\/li>\n<\/ul>\n\n\n\n

          Performance summary<\/h2>\n\n\n\n

          Stock move: <\/strong>Closed at \u20b9214.88, down 9.7%.<\/p>\n\n\n\n

          Q3 results: <\/strong>Revenue \u20b91,106 crore; PAT \u20b998 crore.<\/p>\n\n\n\n

          Operational signals: <\/strong>796 MW module sales in Q3; Vallam plant commenced operations; \u20b94,371 crore BESS capex approved.<\/p>\n","protected":false},"excerpt":{"rendered":"

          Vikram Solar Ltd (NSE: VIKRAMSOLR) closed at \u20b9214.88, down 9.70%, at today\u2019s market close on the National Stock Exchange of India. Market capitalization At today\u2019s close the company\u2019s market capitalization stood near \u20b98,622 crore. Latest quarterly results (Q3 FY26) Consolidated revenue: \u20b91,106 crore. Profit after tax: \u20b998 crore. Year-on-year: revenue +8%; PAT +416%. Segment highlights […]<\/p>\n","protected":false},"author":2402,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,392,12],"tags":[8161],"class_list":["post-176178","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-earnings","category-other-industries","tag-energy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":178365,"url":"https:\/\/alphastreet.com\/india\/swiggy-ltd-shares-close-at-inr-324-05-following-q3-fy26-earnings-disclosure\/","url_meta":{"origin":176178,"position":0},"title":"Swiggy Ltd Shares Close at INR 324.05 Following Q3 FY26 Earnings Disclosure","author":"Staff Correspondent","date":"January 29, 2026","format":false,"excerpt":"Swiggy Ltd (SWIGGY) shares traded at INR 324.05 on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) during today\u2019s session, representing a 0.17% increase from the previous close of INR 323.50. 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