Vikran Engineering Q1 FY27 Revenue Surges 28% YoY to ₹204 Crore; PAT Jumps 210%
Vikran Engineering reported Q1 FY27 results with revenue up 28.2% YoY to ₹204 crore and PAT soaring 210% YoY to ₹17.5 crore. The company secured a ₹3,517.98 crore solar EPC project and a ₹120.7 crore order from POWERGRID. The total order book stands at ₹6,496.2 crore.
The substantial revenue growth, significant PAT increase, and the acquisition of large value orders indicate a strong positive impact on the company's financial performance and future prospects.
The company reported strong year-on-year growth in revenue and a significant jump in PAT, along with securing major new orders and successful project commissioning.
Vikran Engineering Limited announced its unaudited financial results for the quarter ended June 30, 2026, reporting a significant year-on-year growth. Revenue from operations increased by 28.2% to ₹204.0 crore in Q1 FY27 from ₹159.2 crore in Q1 FY26. EBITDA saw a rise of 23.7% to ₹28.0 crore, though the EBITDA margin slightly decreased to 13.7% from 14.2%. The company's Profit After Tax (PAT) witnessed a substantial jump of 209.9%, reaching ₹17.5 crore in Q1 FY27 compared to ₹5.7 crore in the same quarter last year. The PAT margin improved to 8.6% from 3.5% year-on-year.
Recent operational highlights include securing a 969 MW AC Solar EPC project worth ₹3,517.98 crore from its subsidiary NOPL Solar Projects, and a ₹120.7 crore order from POWERGRID for a 400 kV GIS Substation Extension Package. The company also successfully commissioned the 132 kV Miao-Namsai Transmission Line in Arunachal Pradesh. Vikran Engineering concluded the Ellume Energy EPC contract mutually with no material impact expected. The total order book as of August 11, 2026, stood at ₹6,496.2 crore, with Solar comprising 62%, Power T&D 28%, Water Infrastructure 10%, and Railway Infrastructure 1% of the mix.
Mr. Rakesh Markhedkar, Chairman & Managing Director, commented on the positive start to FY27, highlighting the revenue growth and stable EBITDA margins. He emphasized the strengthening of the renewable energy platform with the NOPL Solar Projects integration and the continued momentum in the Power Transmission & Distribution business, citing the POWERGRID order and the Miao-Namsai transmission line commissioning. Looking ahead, the company remains confident in structural growth opportunities in power and renewable energy, with selective evaluation of emerging areas like Battery Energy Storage Systems and Data Centre infrastructure, focusing on disciplined growth, timely execution, prudent capital allocation, and sustainable long-term value creation.
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