Vikran Engineering Posts FY26 Results And Expands Solar EPC

Consolidated revenue rose to Rs 6.47 bn in the fourth quarter of FY26 from Rs 3.55 bn a year earlier, up 82.2 per cent, while annual revenue reached Rs 12.49 bn against Rs 9.16 bn in FY25. Quarterly EBITDA was Rs 922 mn and full year EBITDA Rs 1.75 bn, with EBITDA margins at 14.2 per cent for the quarter and 14.0 per cent for the year. Profit after tax for Q4 was Rs 560 mn and for FY26 Rs 917 mn, with PAT margins of 8.6 per cent and 7.3 per cent respectively.

The company completed the acquisition of NOPL Solar Projects Private Limited and commissioned a second five megawatt (MW) solar plant in Ambi Jalgaon, Maharashtra, under the PM KUSUM scheme. It received two letters of award totalling Rs 5.31 bn from the state distribution utility for works in Nashik and Kolhapur. Solar projects accounted for 49 per cent of the order book, power T&D 39 per cent, waste 11 per cent and railway infrastructure 1 per cent, and the firm said more than 3,500 vendors support its asset-light model.

Management said FY26 was a scaling year with improved execution and that it will focus on disciplined delivery, margin improvement and operational efficiencies in FY27 while exploring selective international opportunities. The release noted that forward-looking statements may be subject to risks and could be affected by regulatory or economic developments, and readers were advised not to place undue reliance on projections. The company reiterated that past performance is not necessarily indicative of future results.