Vikram Thermo FY26 net profit rises 14%; Q4 profit doubles
Vikram Thermo (India) Limited reported a 14% increase in FY26 net profit to ₹3,849.85 lakh, with total income rising to ₹13,572.04 lakh. Q4 net profit doubled to ₹851.84 lakh. The board recommended a 12.5% dividend and appointed auditors for FY27.

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Vikram Thermo (India) Limited reported a net profit of ₹3,849.85 lakh for the financial year ended March 31, 2026, an increase of 14% compared to ₹3,375.87 lakh in the previous year. Total income for FY26 stood at ₹13,572.04 lakh, up from ₹12,913.84 lakh in FY25. The board, in its meeting held on May 26, 2026, approved the audited financial results and recommended a final dividend of 12.5%, amounting to ₹1.25 per share on equity shares of ₹10 each, subject to shareholder approval.
Q4 Performance Highlights
Vikram Thermo delivered a strong quarterly performance, with Q4 net profit more than doubling to ₹851.84 lakh from ₹407.48 lakh in the same period last year. Total income for the quarter rose to ₹3,870.02 lakh from ₹2,814.16 lakh in the corresponding quarter of the previous year. Profit before tax for Q4 FY26 was ₹1,201.54 lakh, compared to ₹692.48 lakh in Q4 FY25.
| Metric | Q4 FY26 (₹ in lakh) | Q4 FY25 (₹ in lakh) |
|---|---|---|
| Total Income | 3,870.02 | 2,814.16 |
| Net Profit | 851.84 | 407.48 |
| PBT | 1,201.54 | 692.48 |
| EPS (Basic) | 2.72 | 1.30 |
Annual Financial Performance
The company's profit before tax from continuing operations for FY26 was ₹5,224.46 lakh, compared to ₹4,413.57 lakh in the previous year. Basic and diluted earnings per share (EPS) for continuing operations for FY26 were ₹12.28, up from ₹2.58 in the prior year. The financial results were prepared in accordance with the Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013. The statutory auditor, J. T. Shah & Co., provided an unmodified opinion on the standalone financial results, confirming compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
| Metric | FY26 (₹ in lakh) | FY25 (₹ in lakh) |
|---|---|---|
| Total Income | 13,572.04 | 12,913.84 |
| Net Profit | 3,849.85 | 3,375.87 |
| PBT | 5,224.46 | 4,413.57 |
| EPS (Basic) | 12.28 | 2.58 |
Board Decisions and Appointments
The board appointed M/s. Samir M. Shah & Associates as the internal auditor and M/s. Nisha Patel & Associates as the cost auditor for FY27. Additionally, the directors approved a 10% increase in remuneration for the Managing Director Mr. Dhirajlal Patel, Whole Time Directors Mr. Ankur Patel and Mr. Dinesh Patel, and Head F&D Mr. Vikalp Dhirajlal Patel, with the increase for Mr. Vikalp Dhirajlal Patel subject to shareholder approval.
Historical Stock Returns for Vikram Thermo
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +7.79% | +16.11% | +13.29% | +0.99% | -12.67% | +336.10% |
What factors drove the significant Q4 profit surge, and can this momentum be sustained in FY27?
How will the 10% increase in director remuneration impact the company's operating expenses moving forward?
What strategic initiatives or market conditions contributed to the sharp rise in EPS from ₹2.58 to ₹12.28?





























