Vikram Solar Ltd Share Price – NSE /  BSE

Capital Goods - Electrical Equipment, Small Cap

NDL Ventures Ltd, Transworld Shipping Lines Ltd, Creative Eye Ltd and Shyam Telecom Ltd are among the other losers in the BSE's 'B' group today, 20 February 2026.

Vikram Solar Ltd lost 10.33% to Rs 193.65 at 14:30 IST.The stock was the biggest loser in the BSE's 'B' group.On the BSE, 3.57 lakh shares were traded on the counter so far as against the average daily volumes of 86869 shares in the past one month.

NDL Ventures Ltd tumbled 9.13% to Rs 114.1. The stock was the second biggest loser in 'B' group.On the BSE, 9818 shares were traded on the counter so far as against the average daily volumes of 10583 shares in the past one month.

Transworld Shipping Lines Ltd crashed 8.72% to Rs 144.4. The stock was the third biggest loser in 'B' group.On the BSE, 5723 shares were traded on the counter so far as against the average daily volumes of 2781 shares in the past one month.

Creative Eye Ltd corrected 8.03% to Rs 6.3. The stock was the fourth biggest loser in 'B' group.On the BSE, 8982 shares were traded on the counter so far as against the average daily volumes of 2201 shares in the past one month.

Shyam Telecom Ltd shed 7.83% to Rs 9.77. The stock was the fifth biggest loser in 'B' group.On the BSE, 15 shares were traded on the counter so far as against the average daily volumes of 1844 shares in the past one month.

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On a year on year (YoY) basis, the company?s consolidated net profit surged 405.47% while revenue from operations jumped 7.79% in Q3 FY26.

Profit before exceptional items and tax soared 402.2% to Rs 148.45 crore in Q3 FY26 compared with Rs 29.56 crore posted in corresponding quarter last year. Exceptional items during the quarter included labour code charges amounting to Rs 5.61 crore.

EBITDA rose sharply to Rs 205 crore in Q3 FY26, registering a 142% increase from Rs 85 crore reported in the year-ago period. The EBITDA margin expanded significantly to 19% in Q3 FY26 from 8% in Q3 FY25.

Order book stood at 10.6 GW as of 31st December 2025. Domestic operations accounted for 84% of total revenue, while exports contributed the remaining 16%.

In Q3 FY26, module sales jumped 35% YoY to 796 MW. Capacity utilization stands at 90% in during the quarter.

Gyanesh Chaudhary, chairman & managing director, Vikram Solar, said, ?During this quarter, we delivered a resilient and disciplined performance, anchored by strong execution volumes and continued improvements in operating efficiency. Revenues grew 8% yearon-year, reflecting the steady scale-up of our manufacturing operations and our ability to execute consistently in a dynamic market environment. The broader solar industry continues to be firmly positioned for long-term growth, supported by robust demand fundamentals, enabling policy frameworks, and a growing shift toward high-efficiency and technologically advanced solutions.

Our order book remains robust at 10.6 GW, providing strong medium-term revenue visibility across utility-scale, C&I, and other customer segments. During the quarter, we successfully commenced operations at our 5 GW Vallam manufacturing facility, which is ramping up as planned and meaningfully strengthens our ability to deliver high-quality, large-scale solutions to both domestic and global customers.

In parallel, our Gangaikondan cell and module projects continue to progress in line with our roadmap, reinforcing our focus on backward integration, cost competitiveness, and long-term resilience of the value chain. During the quarter, we successfully transitioned our entire portfolio to high-efficiency N-Type modules, with our HYPERSOL series delivering power outputs of up to 640 Wp. This marks an important step in aligning Indian manufacturing with international standards on efficiency, form factor, and long-term bankability.?

Vikram Solar is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. The company is one of the largest PV module manufacturers in India with cumulative production capacity of 9.5 GW.

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Profit before exceptional items and tax soared 402.2% to Rs 148.45 crore in Q3 FY26 compared with Rs 29.56 crore posted in corresponding quarter last year. Exceptional items during the quarter included labour code charges amounting to Rs 5.61 crore.

EBITDA rose sharply to Rs 205 crore in Q3 FY26, registering a 142% increase from Rs 85 crore reported in the year-ago period. The EBITDA margin expanded significantly to 19% in Q3 FY26 from 8% in Q3 FY25.

Order book stood at 10.6 GW as of 31st December 2025. Domestic operations accounted for 84% of total revenue, while exports contributed the remaining 16%.

In Q3 FY26, module sales jumped 35% YoY to 796 MW. Capacity utilization stands at 90% in during the quarter.

Gyanesh Chaudhary, chairman & managing director, Vikram Solar, said, ?During this quarter, we delivered a resilient and disciplined performance, anchored by strong execution volumes and continued improvements in operating efficiency. Revenues grew 8% yearon-year, reflecting the steady scale-up of our manufacturing operations and our ability to execute consistently in a dynamic market environment. The broader solar industry continues to be firmly positioned for long-term growth, supported by robust demand fundamentals, enabling policy frameworks, and a growing shift toward high-efficiency and technologically advanced solutions.

Our order book remains robust at 10.6 GW, providing strong medium-term revenue visibility across utility-scale, C&I, and other customer segments. During the quarter, we successfully commenced operations at our 5 GW Vallam manufacturing facility, which is ramping up as planned and meaningfully strengthens our ability to deliver high-quality, large-scale solutions to both domestic and global customers.

In parallel, our Gangaikondan cell and module projects continue to progress in line with our roadmap, reinforcing our focus on backward integration, cost competitiveness, and long-term resilience of the value chain. During the quarter, we successfully transitioned our entire portfolio to high-efficiency N-Type modules, with our HYPERSOL series delivering power outputs of up to 640 Wp. This marks an important step in aligning Indian manufacturing with international standards on efficiency, form factor, and long-term bankability.?

Vikram Solar is one of the leading Indian solar module manufacturers, specializing in efficient photovoltaic (PV) module manufacturing, with an international presence across 39 countries. The company is one of the largest PV module manufacturers in India with cumulative production capacity of 9.5 GW.

The counter declined 9.71% to settle at Rs 214.90 on the BSE.

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Net profit of Vikram Solar rose 416.04% to Rs 98.15 crore in the quarter ended December 2025 as against Rs 19.02 crore during the previous quarter ended December 2024. Sales rose 7.79% to Rs 1105.95 crore in the quarter ended December 2025 as against Rs 1026.05 crore during the previous quarter ended December 2024.

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