Vikram Photo voltaic shares surge 13% after Q1 web revenue rockets 484% YoY

Shares of Vikram Photo voltaic Ltd rallied as a lot as 13% to the touch an intraday excessive of Rs 408 on the NSE on Wednesday after traders cheered the renewable power firm’s strong first-quarter earnings. With at this time’s achieve, the inventory is up for a 3rd consecutive session.

Vikram Photo voltaic’s consolidated web revenue for the quarter stood at Rs 133 crore, marking a large 484% leap from the Rs 23 crore reported in the identical quarter of the earlier fiscal yr. The corporate’s income from operations additionally displayed spectacular development, up 80% to Rs 1,134 crore, Vikram Photo voltaic’s official regulatory submitting confirmed.

As for earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA) margin, Vikram reported a pointy enhance of 370 foundation factors to 21.4% for the quarter underneath assessment.

The corporate mentioned it’s benefiting from a number of structural traits, together with rising power demand pushed by AI, an imminent growth in photo voltaic and storage, and robust coverage assist to scale the availability chain.

It added that the continuing shift towards a self-sustaining market can also be creating alternatives, with built-in gamers anticipated to emerge as the important thing winners.

Vikram Photo voltaic is considered one of India’s largest Photo voltaic PV module producers, rising from 4.5 GW operational capability in FY25 to 17.5 GW in 2 years. As of June 30, 2025, the corporate’s order e-book stood at 10.96 GW.In a separate growth, the corporate introduced a major order win of 336 MW high-efficiency photo voltaic modules from Larsen & Toubro (L&T) Development. The modules shall be deployed in Khavda, Gujarat, a area the place Vikram Photo voltaic has already performed a significant function in photo voltaic capability enlargement.As a part of this order, Vikram Photo voltaic will provide its superior Hypersol G12R modules, constructed on N-type know-how. The newest module provides improved bifaciality of as much as 80%, higher high-temperature efficiency, and minimal year-on-year degradation of ≤0.4%.

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At about 10:10 am, shares of the corporate had been buying and selling at Rs 402.6, increased by 11.65% from the final shut. Vikram Photo voltaic made its inventory market debut on August 26, itemizing at a premium of two% over the difficulty worth.

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