Vikran Engineering FY26 Revenue Surges 36.4% to ₹1,249 Crore; Order Book Crosses ₹5,737 Crore
Vikran Engineering Limited reported FY26 consolidated revenue of ₹1,249.3 crore, up 36.4% YoY. Q4 FY26 revenue increased 82.2% to ₹647.4 crore. FY26 PAT grew 17.8% to ₹91.7 crore. The company acquired NOPL Solar Projects and commissioned a 5 MW solar plant. The order book stands at ₹5,737 crore as of May 22, 2026.
The announcement includes substantial financial growth (revenue and profit), a significantly increased order book, and a strategic acquisition, all of which are material events that can significantly impact investor perception and the company's valuation.
The company reported strong year-on-year growth in revenue and profit, alongside significant order book expansion and strategic acquisitions in the renewable energy sector, indicating positive business performance and future prospects.
Vikran Engineering Limited has announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported a significant increase in revenue, with consolidated revenue from operations for FY26 growing by 36.4% to ₹1,249.3 crore, compared to ₹915.8 crore in the previous year. For the fourth quarter of FY26, revenue from operations stood at ₹647.4 crore, an 82.2% year-on-year increase from ₹355.4 crore in Q4 FY25.
Consolidated Profit After Tax (PAT) for FY26 rose by 17.8% to ₹91.7 crore from ₹77.8 crore in FY25. In Q4 FY26, PAT increased by 48.3% to ₹56.0 crore, up from ₹37.8 crore in the same quarter last year. EBITDA for FY26 was ₹175.1 crore, a 9.3% increase from FY25, while Q4 FY26 EBITDA grew by 35.9% to ₹92.2 crore.
The company strengthened its execution pipeline, with its consolidated order book crossing ₹5,000 crore as of March 31, 2026. This robust order book provides strong medium-term revenue visibility. The company also completed the acquisition of 100% stake in NOPL Solar Projects Private Limited, enhancing its renewable energy portfolio. Additionally, its second 5 MW solar power plant under the PM-KUSUM Scheme was commissioned in Ambi Jalgaon, Maharashtra.
Vikran Engineering received two Letters of Award worth ₹531 crore from MSEDCL for Power Distribution Enhancement in Nashik and Kolhapur zones. As of May 22, 2026, the total order book stands at ₹5,737 crore, with Solar contributing 49%, Power T&D 39%, Waste 11%, and Railway Infrastructure 1%.
Mr. Rakesh Markhedkar, Chairman & Managing Director, commented that FY26 was a defining year, strengthening the company's position in high-growth segments like Solar EPC. He highlighted the scale-up in the order book reflecting customer confidence and the company's meaningful participation in India's energy transition. Strategic investments were made to expand the renewable energy footprint. For FY27, the focus will be on disciplined execution, margin improvement, operational efficiencies, and calibrated expansion across Power T&D, Solar, and Data Centres. The company is well-positioned to benefit from India's infrastructure and renewable energy capex cycle and is evaluating opportunities in select international markets.
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