| Metric | Value (₹ Cr) | vs Q2 FY26 |
|---|---|---|
| Revenue | 266.46 | 51.1% |
| Total Income | 272.96 | 52.3% |
| Expenditure | 245.83 | 45.0% |
| PBT | 25.92 | 164.8% |
| Net Profit | 20.91 | 128.8% |
| OPM | 12.62% | 1.81pp |
| NPM | 7.66% | 2.56pp |
| EPS | 0.81 | 84.1% |
Vikran Engineering Reports 9M FY26 Revenue Growth; Order Book Expands to ₹ 4,987 Crore
14 Feb 2026 · 14 Feb, 5:31 am
Summary
Vikran Engineering Limited, one of India’s fast-growing EPC companies with presence across Power Transmission & Distribution, EHV Substation, Railway & Metro Electrification, and Water Segment, has announced its un-audited financial results for the third quarter and nine month ended December 315, 2025. The Company’s consolidated order book has witnessed a substantial expansion and stands at over ₹ 4,987 crore as of December 31st, 2025.
Key Highlights
- 1
9M FY26 Revenue Growth
- 2
Order Book expands to ₹ 4,987 crore
- 3
Over 140% YoY and 120% QoQ growth
- 4
Incorporated a Special Purpose Vehicle (SPV), namely Vikran MP Solar Private limited
- 5
Secured a prestigious order from Onix Renewables Limited for supply of 600 MW AC solar plant
- 6
Won an EPC Contract from NTPC Renewable Energy for 400 MW AC Solar Project in Uttar Pradesh
- 7
Won an order from M.P. Urja Vikas Nigam Limited for the implementation of grid-connected Solar PV based power plants with a total capacity of 45.75 MW AC
- 8
Cancellation of order from Carbonminus Maharashtra One Private Limited worth Rs. 1,641.91 crores
Management Comments
Mr. Rakesh Markhedkar
FY26 marks a pivotal year for Vikran Engineering as we significantly strengthened our presence in the Solar EPC segment. The large-format solar orders secured during the year have materially enhanced our revenue visibility, with our consolidated order book now exceeding ₹ 4,700 crore as on 13th February 2026. While margins during the period reflect execution ramp-up and project mix dynamics, we expect operating leverage benefits to play out as solar projects move into advanced execution phases. With a strong pipeline across Power T&D, Solar and Water, and a clear focus on disciplined bidding and risk management, we are positioning Vikran Engineering for scalable and sustainable growth. We are also actively evaluating opportunities in select international markets, particularly in Africa and the Middle East, to diversify our growth trajectory
Informational and educational content only. Not investment advice.