Vikram Solar Limited — PPTs, 07-08-2026: Investor Presentation

Here's a summary of the investor presentation for Vikram Solar Limited:

**Business Performance:**

Vikram Solar reported a strong 38% YoY revenue growth in Q1FY27, reaching ₹1,563 Cr. However, PAT saw a significant YoY decline of 85%, coming in at ₹20 Cr. This was primarily due to a substantial increase in the Cost of Goods Sold (up 63% YoY) and higher employee and other expenses.

**Growth Drivers or Strategy:**

The company is aggressively pursuing vertical integration, aiming to move from module manufacturing to cells and wafers by FY29, and also entering the Battery Energy Storage System (BESS) market by FY30. This strategy aims to capture more value in-house and reduce reliance on external suppliers.

**Recent Developments:**

The Gangaikondan module plant has been commissioned, with the first module rolled out in June 2026. The company's integrated manufacturing hub at Gangaikondan is a key operational focus.

**Key Financial Metrics (if available):**

Revenue from operations: ₹1,563 Cr (YoY +38%)

Profit After Tax (PAT): ₹20 Cr (YoY -85%)

**Management Commentary / Outlook (if available):**

Vikram Solar is well-positioned to capitalize on India's growing solar opportunity, driven by government policies like 'Make in India' and initiatives for rooftop and floating solar. The company anticipates strong demand for solar modules and is expanding its manufacturing capabilities.