Vikran Engineering FY26 PAT Rises 17.8% to ₹91.7 Cr
Vikran Engineering Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a 17.8% increase in PAT to ₹91.7 crore and a 36.4% rise in revenue to ₹1,249.3 crore for FY26. The Board recommended a dividend of ₹0.18 per share and approved raising funds up to ₹400 crore via debt securities.
*this image is generated using AI for illustrative purposes only.
Vikran Engineering Limited announced its audited financial results for the quarter and financial year ended March 31, 2026. The company reported significant growth in both revenue and profitability for the fiscal year, driven by its execution pipeline and expansion in the Solar EPC segment. The Board of Directors, in its meeting held on May 22, 2026, approved the audited standalone and consolidated financial results and recommended a dividend of ₹0.18 per equity share for the financial year ended March 31, 2026.
Financial Performance
The company's consolidated revenue from operations for FY26 rose 36.4% to ₹1,249.3 crore, compared to ₹915.8 crore in the previous year. Profit After Tax (PAT) for the year increased 17.8% to ₹91.7 crore. EBITDA for the year stood at ₹175.1 crore, a growth of 9.3% year-on-year.
For the fourth quarter of FY26, revenue surged 82.2% to ₹647.4 crore, up from ₹355.4 crore in the corresponding quarter of the previous year. PAT for Q4 FY26 jumped 48.3% to ₹56.0 crore. EBITDA for the quarter increased 35.9% to ₹92.2 crore, with an EBITDA margin of 14.24%.
Consolidated Financial Results
| Particulars (₹ Cr.) | Q4 FY26 | Q4 FY25 | YoY | FY26 | FY25 | YoY |
|---|---|---|---|---|---|---|
| Revenue from Operations | 647.4 | 355.4 | 82.2% | 1,249.3 | 915.8 | 36.4% |
| EBITDA* | 92.2 | 67.9 | 35.9% | 175.1 | 160.2 | 9.3% |
| EBITDA Margin (%) | 14.24% | 19.1% | 14.0% | 17.5% | ||
| PAT | 56.0 | 37.8 | 48.3% | 91.7 | 77.8 | 17.8% |
| PAT Margin (%) | 8.6% | 10.6% | 7.3% | 8.5% |
*EBITDA is calculated excluding Other Income
Corporate Announcements
The Board approved the proposal to raise funds up to ₹400 crore through secured, rated, listed, and/or unlisted non-convertible debentures or other debt securities via private placement or public issue. Additionally, the Board approved the enhancement of the overall borrowing limits from ₹1,000 crore to ₹1,500 crore, subject to shareholder approval.
Operational Highlights
Vikran Engineering completed the acquisition of a 100% stake in NOPL Solar Projects Private Limited, strengthening its renewable energy portfolio. Additionally, the company commissioned its second 5 MW solar power plant in Ambi Jalgaon, Maharashtra, under the PM KUSUM Scheme.
Order Book Position
The company's total order book as of May 22, 2026, stood at ₹5,737 crore. The order book is diversified, with Solar contributing 49%, Power T&D at 39%, Waste at 11%, and Railway Infrastructure at 1%. The company recently received two Letters of Award worth ₹531 crores from MSEDCL for power distribution enhancement across Nashik and Kolhapur zones in Maharashtra.
Historical Stock Returns for Vikran Engineering
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +1.06% | -8.54% | -10.39% | -39.65% | -32.30% | -32.30% |
How will Vikran Engineering deploy the ₹400 crore NCD fundraise, and could the expanded ₹1,500 crore borrowing limit signal more aggressive acquisition activity in the renewable energy space?
Given the notable compression in EBITDA margins from 17.5% in FY25 to 14.0% in FY26, what cost pressures are emerging in the Solar EPC segment and can the company reverse this trend in FY27?
With Solar already comprising 49% of the ₹5,737 crore order book, how is Vikran Engineering positioning itself to capitalize on India's accelerating renewable energy targets beyond PM KUSUM?
17
Access 50+ Readymade Screeners 
Use 200+ Custom Filters 
Get Full Market Insights 
