Vikram Solar Q2 FY26 – Explosive Turnaround with Massive Profit Growth

Vikram Solar reported outstanding YoY growth in Q2 FY26, marking a remarkable turnaround driven by operational efficiencies and strong solar demand. Sales nearly doubled (+94% YoY) to ₹1,110 crore, reflecting higher module shipments and project revenues. Operating profit (EBIDT) skyrocketed 226% YoY to ₹235 crore, supported by margin expansion. Net profit soared 1,646% YoY to ₹128 crore, highlighting a sharp recovery from last year’s low base. Earnings per share (EPS) jumped 1,443% YoY to ₹3.55, underscoring strong profitability momentum. At a price of ₹342, with a market cap of ₹12,367 crore and a PE ratio of 88.4, Vikram Solar shines as one of the fastest-growing players in India’s solar energy sector.