Vikram Solar has reported its highest-ever quarterly revenue of INR 1,453 crore in Q4 FY2026, marking a 22% year-on-year increase. Profit after tax (PAT) also rose 22% YoY to INR 110 crore.
The company achieved its highest-ever quarterly production of 971 MW in Q4 FY2025-26, supported by stable manufacturing line performance. During the quarter, it secured 1.9 GW of orders.
For the full FY2026, Vikram Solar posted revenue of INR 4,802 crore, up 40% from the previous fiscal, while PAT surged 236% to INR 470 crore. The company sold 3.3 GW of PV modules during FY2026, compared to 1.9 GW in FY2025.
As of March 31, 2026, Vikram Solar’s order book stood at 8.2 GW, including 1.9 GW booked during Q4 FY2026. Domestic projects accounted for 87% of the order book, while exports contributed 13%.
The company currently operates 9.5 GW of module manufacturing capacity across its facilities in Falta, West Bengal, and Oragadam and Vallam in Tamil Nadu, including its 5 GW Vallam facility. Vikram Solar is expanding both its module manufacturing and backward integration capabilities, targeting 15.5 GW of integrated module capacity (including 12 GW ingot-to-module). It has also entered the energy storage segment through VSL Powerhive.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.