Vikran Engineering Results Update
Vikran Engineering reported FY26 revenue of ₹1,249.3 Crore, up 36.4% YoY. The firm's order book stands at ₹5,737 Crore, driven by significant Solar EPC growth.
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Vikran Engineering reported FY26 revenue of ₹1,249.3 Crore, up 36.4% YoY. The firm's order book stands at ₹5,737 Crore, driven by significant Solar EPC growth.
Vikran Engineering Ltd reported revenue from operations of ₹647.4 Cr (+82.2% YoY) and net profit of ₹56 Cr (+48.1% YoY) for Q4 FY26.
Vikran Engineering approved audited FY26 results and recommended a 18% dividend. The board also authorized a ₹400 Crore fund raise through debt securities.
Vikran Engineering Limited closed a ₹49.15 Crore loan arrangement with Onix Renewable Limited. The settlement involved share acquisitions and working capital adjustments.
Vikran Engineering acquired a 51% stake in NOPL Solar Projects for ₹5.10 Crore. This acquisition makes the target entity a wholly-owned subsidiary of the company.
Vikran Engineering scheduled a board meeting on May 22, 2026, to approve audited FY26 results. Directors will also consider a dividend and raising ₹400 Crore.
Vikran Engineering completed the ₹4.90 Crore acquisition of a 49% stake in NOPL Solar Projects. This strategic investment expands its renewable energy footprint in Maharashtra.
Vikran Engineering completed acquiring a 49% stake in NOPL Solar Projects for ₹4.90 Crore. This acquisition expands its renewable energy footprint in Maharashtra.
Vikran Engineering Limited incorporated a new wholly-owned subsidiary, Vikran For Good Foundation, on May 4, 2026. The Section 8 company was formed with a cash consideration of ₹0.01 Crore to undertake CSR initiatives in healthcare, education, and environmental sustainability.
Vikran Engineering Limited incorporated 'VIKRAN For Good Foundation' as a wholly owned Section 8 subsidiary on May 4, 2026. The new entity, with a paid-up capital of ₹0.01 Crore, will undertake the company's charitable and CSR initiatives.
Vikran Engineering Limited has incorporated a wholly owned subsidiary, Vikran Renewable Private Limited, with a paid-up capital of ₹0.01 Crore. The new entity will focus on developing and operating integrated renewable energy projects, aligning with the company's long-term business strategy in the green energy sector.
Vikran Engineering Limited has commissioned its second 5 MW solar power plant in Ambijalgaon, Maharashtra, under the PM KUSUM Scheme. The plant is expected to generate 10,000 MWh of clean energy annually for agricultural irrigation. This operational milestone advances the company's 600 MW solar pipeline and strategic expansion into renewable energy infrastructure.
Vikran Engineering Limited confirmed it is not a Large Corporate for FY 2026-27 under SEBI debt-raising framework. The company reported outstanding long-term borrowings of ₹45.84 Crore as of March 31, 2026, and maintains an 'IND A-/ Negative' credit rating from India Ratings and Research.
Vikran Engineering Limited has successfully allotted ₹50 Crore worth of Secured, Rated, Unlisted, Redeemable, Non-Convertible Debentures (NCDs) on a private placement basis. The issue comprises two tranches with an 11% p.a. fixed coupon rate and a two-year tenure maturing in April 2028.
Vikran Engineering Limited has executed an agreement to acquire a 49% stake in NOPL Solar Projects Private Limited for ₹4.9 Crore. This strategic investment expands Vikran's footprint in India's renewable energy sector. The target company is associated with a 969 MW grid-connected solar project under the PM-KUSUM Scheme in Maharashtra.
Vikran Engineering Limited has appointed RSM Astute Consulting Private Limited as its Internal Auditor, effective April 16, 2026. RSM India is a leading audit and consulting firm with over 3,000 professionals. The appointment spans a term of 3.25 years, aimed at strengthening the company's internal risk advisory and governance frameworks.
Vikran Engineering Limited has appointed RSM Astute Consulting Private Limited as Internal Auditors for a period from January 1, 2026, to March 31, 2029. RSM India is a leading pan-India audit and tax firm. The appointment is a routine regulatory compliance measure.
Vikran Engineering Limited announced several board meeting outcomes, including the appointment of RSM Astute Consulting as Internal Auditor and Ms. Kajal Rakholiya as Nodal Officer. The company also noted a Rs. 4,720 penalty paid to NSE for a minor delay in shareholding pattern disclosure, citing inadvertent nature and improved internal compliance measures.
India Ratings & Research reaffirmed Vikran Engineering Limited's 'IND A-' credit rating for its ₹520 Crore debt facilities but revised the outlook to 'Negative'. This revision reflects expected cash flow constraints and elevated working capital needs during the company's current growth phase, primarily driven by new Solar projects.
India Ratings and Research reaffirmed Vikran Engineering Limited's credit rating at A- but revised the outlook to Negative from Stable. The rating applies to ₹520 Crore of debt, including ₹50 Crore in NCDs and ₹470 Crore in bank facilities. This revision reflects updated credit assessment of the company's financial profile.
Vikran Engineering Limited received a credit rating of 'IND A-/Negative' from India Ratings and Research for its proposed ₹50.0 Crore non-convertible debentures. This revised filing corrects a previous typographical error regarding the issue size unit.
Vikran Engineering Limited has received a credit rating update from India Ratings and Research. While the 'IND A-' rating was reaffirmed for ₹5,200 Crore in debt facilities, the outlook was revised from 'Stable' to 'Negative'. This revision signals potential credit risks or deteriorating financial metrics that investors should monitor closely.
Vikran Engineering Limited has been assigned a new credit rating of 'IND A-/Negative' by India Ratings and Research for its proposed ₹500 Crore non-convertible debentures. This rating provides an independent assessment of the company's creditworthiness for its upcoming debt issuance.
Vikran Engineering Ltd reported net profit of ₹20.9 Cr (-38.0% YoY) for Q3 FY26.
Vikran Engineering Ltd reported net profit of ₹20.9 Cr (-38.0% YoY) for Q3 FY26.
Vikran Engineering Limited secured two orders totaling ₹530.80 Crore from MSEDCL for power distribution infrastructure strengthening in Maharashtra's Nashik and Kolhapur zones. Funded by the Asian Development Bank, these turnkey projects involve substations and transmission lines. Both contracts have a 21-month execution timeline, significantly boosting the company's T&D order book.