Vikran Engineering Ltd’s stock surged nearly 9% today after the company announced a massive ₹1,642 crore solar EPC order and a stunning 333% year-on-year rise in net profit for Q2 FY26.
The stock hit a high of ₹108.60 before closing at ₹102.9, compared to the previous close of ₹99.40, taking the company’s market cap to around ₹2,653 crore.
The company reported revenue of ₹176.3 crore, up 10.7% from ₹159.2 crore last year. Its EBITDA almost doubled to ₹25.4 crore from ₹12.8 crore, and net profit rose sharply from ₹2.1 crore to ₹9.1 crore, thanks to better project execution and higher margins.
Vikran Engineering achieved a milestone by winning its largest solar EPC order worth ₹1,642 crore from Carbonminus Maharashtra One in this quarter. The company also secured another ₹354 crore project from Ellume Energy MH SolarOne.
The company has strong revenue visibility for the next two years with an order book of over ₹4,000 crore as of November 10, 2025. Vikran Engineering is also expanding fast in renewable energy, power transmission, and water infrastructure projects.
It provides complete turnkey solutions, from design and supply to installation and commissioning. It completed 45 projects across 14 states and worked with major clients like NTPC and Power Grid Corporation.
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