Vikram Solar Reports Q2 & H1 FY27 results

VIKRAMSOLR Vikram Solar Limited EBITDA per watt improves by 37% QoQ; Strengthens Business Mix and Order Inflow; 9 GW Cell Facility on Track to Produce First Cell in December 2026 Operating Highlights a) Revenue from Operations increased 17.7% from H1FY26 to H1FY27. b) Absolute EBITDA per watt improved by 37% sequentially despite lower quarterly volumes. c) The 9-GW N-type TOPCon cell facility at Gangaikondan is on schedule to produce its first cells in December 2026; full capacity will be commissioned in phases thereafter. e) 1.7 GW of new orders added in Q2 FY27, compared to 0.8 GW in Q1 FY 2027. f) DCR share increased from 7.5% in Q1 FY27 to 22% in Q2 FY27. g) Distribution and retail volumes increased from 14% to 44%, supporting better realization and shorter cash cycles. h) Net debt / equity stood at 0.17x as of September 30, 2026.