Earnings Review
Vikram Solar Q1 Profit After Tax falls 86% despite sales rising 35% Year over Year
This story was originally published at 00:23 IST on 7 August 2026
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--Vikram Solar Apr-Jun net profit INR 187.27 mln vs INR 1.34 bln yr ago
--Vikram Solar Apr-Jun revenue INR 15.36 bln vs INR 11.35 bln yr ago
--Vikram Solar OKs capex of INR 55.89 bln to up capacity of Tamil Nadu unit
--Vikram Solar plans to raise capacity of Tamil Nadu unit to 9 GW from 6 GW
--Vikram Solar Q1 cost of material, svcs INR 13.62 bln vs INR 8.47 bln yr ago
By Pratyush Kumar
MUMBAI – Vikram Solar Ltd. reported a sharp fall in its net profit as expenses rose more than revenue from operations. The company's net profit was below analysts' estimates unlike revenue, which remained in line with the projections.
The company reported a net profit of INR 187.27 million for the June quarter, down 86% from INR 1.34 billion it had reported in the year-ago quarter. Analysts saw the company's net profit between INR 484 million and INR 1.48 billion.
Vikram Solar's revenue from operations for the June quarter was INR 15.36 billion, up 35% from INR 11.35 billion it had reported in the year-ago quarter. Analysts had expected the company's net revenue between INR 14.66 billion and INR 18.99 billion.
The solar company's total expenses grew 59% to INR 15.24 billion, outpacing the growth in revenue, and hence, dragging down the profit. The cost of materials and services consumed by the company rose 61% to INR 13.62 billion and accounted for the company's 89% of total expenses.
The company approved capital expenditure of INR 55.89 billion to increase the capacity of Tamil Nadu unit to 9 gigawatt hour.
Thursday, shares of the company closed 4% lower at INR 173.96 apiece on the National Stock Exchange. The company detailed its June quarter earnings after market hours. End
Edited by Deepshikha Bhardwaj
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