Vikram Solar Limited — PPTs, 08-05-2026: Investor Presentation

Here's a summary of the investor presentation for Vikram Solar Limited, keeping your preferences in mind:

**Business Performance:**

Vikram Solar reported record revenue of ₹4,802 Cr for FY26, a 40% YoY increase, driven by strong quarterly performance in Q4. Production also hit a new high of 971 MW in the last quarter.

**Growth Drivers or Strategy:**

The company is focused on building long-term advantage through integration. Key strategic initiatives include expanding cell manufacturing to 9 GW by Dec 2026 and aiming for 12 GW wafer-ingot capacity by FY29-30, achieving 100% integration. They are also launching battery energy storage system (BESS) solutions under the "VION" brand.

**Recent Developments:**

Vikram Solar launched its BESS brand "VION" and secured a 378 MW module supply order from NTPC Green Energy Limited. They also achieved ISO 14067 Certification.

**Key Financial Metrics:**

FY26 saw revenue grow 40% YoY to ₹4,802 Cr, EBITDA up 86% YoY to ₹917 Cr, and PAT surged 236% YoY to ₹470 Cr. EBITDA margin improved to 19% from 14% in FY25.

**Management Commentary / Outlook:**

The company sees a significant structural opportunity in solar demand over the next decade, driven by policy support and falling costs. They are expanding manufacturing capacity across the solar value chain and are well-positioned to tap the emerging Indian BESS market, which is expected to grow substantially.