Slide 1: Exchange intimation letter on investor presentation
Date: 14th February 2025 To, To, The Secretary The Secretary BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Listing Department, Phiroze Jeejeebhoy Towers, Dalal Street, Exchange Plaza, Bandra-Kurla Complex, Mumbai-400001. Bandra (E), Mumbai –400051. (Scrip Co
Slide 2: Investor Presentation Feb 2026
Investor Presentation Feb 2026
Slide 3: Safe Harbor
SAFE HARBOR This presentation has been prepared by Vikran Engineering Limited, solely to provide information about the Company to its stakeholders. No representation or warranty, express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctnes
Slide 4: Table of Contents
TABLE OF CONTENTS 04 Financial & Operational Highlights 11 Company Overview 19 Business Verticals 29 Industry Overview 33Way ahead Investor Presentation Feb 2026
Slide 5: Financial Highlights
“)>) Financial Highlights
Slide 6: Management Comment
MANAGEMENT COMMENT “ 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 c
Slide 7: Financial Snapshot
FINANCIAL SNAPSHOT (₹ in Cr) Revenue from Operations EBITDA & EBITDA Margin* PAT & PAT Margin 25% 14% 13% 13% 5% 8% 265 266 34 65 176 21 35 25 9 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Q3 FY25 Q2 FY26 Q3 FY26 Revenue from Operations EBITDA & EBITDA Margins PAT & PAT Margin 17% 14% 7% 6% 602
Slide 8: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (₹ Cr) Q3 FY26 Q3 FY25 YoY Q2 FY26 QoQ 9M FY26 9M FY25 YoY FY25 Revenue from operations 266.5 265.2 0.5% 176.3 51.2% 601.9 560.5 7.4% 915.8 Other income 6.5 1.3 3.0 10.2 2.6 6.5 Total income 273.0 266.5 2.4% 179.3 52.3% 612.1 563.1 8.7% 922.4 Cost of
Slide 9: Order Book
ORDER BOOK ₹ in Cr As on 31st Dec, 2025 As on 31st Mar, 2025 As on 31st Dec, 2024 Vertical Order Book % Order Book Order Book % Order Book Order Book % Order Book Power T&D & Solar 4,283.2 85.9% 1,237.4 60.5% 1,172.1 57.8% Water 662.2 13.3% 764.6 37.4% 811.4 40.0% Railway 41.2 0.8% 42.3 2.1% 43.6 2.
Slide 10: Consolidated Annual Profit & Loss Statement
CONSOLIDATED ANNUAL PROFIT & LOSS STATEMENT Particulars (₹ Cr) FY25 FY24 Revenue from operations 915.8 785.9 Other income 6.5 5.5 Total income 922.4 791.4 Cost of materials consumed 483.7 385.0 Project-related expense 160.4 167.8 Employee benefits expense 67.6 59.0 Other expenses 43.9 41.0 EBITDA* 1
Slide 11: Consolidated Annual Balance Sheet
CONSOLIDATED ANNUAL BALANCE SHEET Particulars (₹ Cr) Mar-25 Mar-24 Particulars (₹ Cr) Mar-25 Mar-24 Property, plant and equipment 9.0 8.6 Equity share capital 18.4 0.3 Investment properties 2.1 2.1 Other equity 449.5 290.9 Intangible assets 0.2 0.2 Right-of-use assets 1.5 0.9 Total Equity 467.9 291.
Slide 12: Company Overview
a: | Company Overview
Slide 13: About the Company
ABOUT THE COMPANY One of India’s fast-growing, diversified EPC companies, providing concept-to-commissioning solutions across key infrastructure sectors Diversified Presence PAN India Presence 45 completed projects across 14 states; currently active in 16 states with 190+ project and store locations
Slide 14: Journey
JOURNEY 2023 2024 2025 Serviced first order from Special appreciation: Commissioning bays Secured 765 kV substation project from Power Grid NTPC Ltd. for a project in at Karnool, Raipur & Patiala Substation” by Successfully listed on NSE and BSE Kupwara, J&K Power Grid Corp of India Ltd. Secured 1st
Slide 15: Our Executive Board of Directors and KMPs
OUR EXECUTIVE BOARD OF DIRECTORS AND KMPS Experienced Promoters backed by Senior Leadership Team Nakul Markhedkar, Whole Time Director Rakesh Ashok Markhedkar, Promoter & CMD • Holds a Bachelor's degree in technology (electronics and • Experience of over 34 years in EPC project execution communicati
Slide 16: Brief Profile of Independent Directors
BRIEF PROFILE OF INDEPENDENT DIRECTORS Rakesh Sharma, Independent Director • He holds a Bachelor’s degree in Engineering (Mechanical) from Punjab Engineering College, Punjab Engineering College, Punjab University and a Master’s degree in marketing management from Jamnalal Bajaj Institute of Manageme
Slide 17: Key Strengths
KEY STRENGTHS SPECIALIZED EXPERTISE & DECADES OF EXPERIENCE HIGHEST FINANCIAL PERFORMANCE & MARGINS • 93+ Years of Combined Experience in Design & Engineering • Achieved Highest EBITDA Margin, ROCE, and ROE among peers • Promoters bring 7+ decades of cumulative industry experience (from firms like L
Slide 18: Geographical Presence and Asset Light Model
GEOGRAPHICAL PRESENCE 22 3,500+ Unique States Served till date Suppliers’ Network & Relationships PAN India 190 Asset Light Active Sites as on 31st December Model for Equipment and Machineries 2025 To Expand into Middle East in the Private Sector EPC Projects Investor Presentation Feb 2026
Slide 19: Key Clientele
KEY CLIENTELE Governments / Public Sector Undertakings (PSUs) Investor Presentation Feb 2026
Slide 20: Business Verticals
>| Business Verticals
Slide 21: Business Areas
BUSINESS AREAS Experience Power Transmission & Distribution Solar EPC Projects • Transmission lines- HV • Water Pump Installation Renewable Energy Expanding into Other EPC Portfolio • Substations- AIS & GIS • Ground Mounted Solar Projects • Power Distribution Network • Smart Metering Metro Infrastru
Slide 22: Power Transmission, Substation & Distribution
POWER TRANSMISSION, SUBSTATION & DISTRIBUTION Delivering Reliable Power Infrastructure from Grid to Ground. One of India’s leading power transmission EPC companies, Vikran Engineering specializes in the construction of high-voltage transmission lines up to 400 kV and substations up to EHV 765 kV (AI
Slide 23: Water Infrastructure
WATER INFRASTRUCTURE Provides turnkey solutions for water treatment plants, distribution networks, and rainwater harvesting systems, catering to the diverse water infrastructure needs of communities across India. With deep expertise in both surface and underground drinking water projects, the compan
Slide 24: Railway Infrastructure
RAILWAY INFRASTRUCTURE specializes in designing and executing projects across overhead electrification (OHE), traction substations (TSS), underground EHV cabling, and signaling & telecommunication systems, ensuring seamless operations for both mainline railways and metro networks. Landmark Projects
Slide 25: Glimpse of Some of the Key Projects Executed (1/2)
GLIMPSE OF SOME OF THE KEY PROJECTS EXECUTED (1/2) OHE 25kV, 50 Hz AC Railway 765 kV AIS Bays / 400 kV Bays Electrification Project between in Raipur Substation for Power Purpose : Power Distribution Sengottai & Punalur section of Grid Corporation of India Limited work in Arunachal Pradesh Intra Tam
Slide 26: Glimpse of Some of the Key Projects Executed (2/2)
GLIMPSE OF SOME OF THE KEY PROJECTS EXECUTED (2/2) Others • Commissioning of 765 kV AIS Bays / 400 kV Bays in Raipur Substation for PGCIL. Substation Package SS-99 (ii) • Commissioning of 90 KM of Ashta -- Ujjain 400 kV DCDS Transmission Line on twin Moose Augmentation of transformation capacity • C
Slide 27: Vertical Capabilities: Power
Vertical CAPABILITIES : POWER Transmission Line & Substations up to Power Distribution Network Smart Metering Connections Substation - up to 765kV 400 kV 33kV/11kV 7 Projects 3 Projects 30 Projects 30,000 Connections Extra High Voltage (EHV) Air Insulated Substations (AIS) High Voltage Gas Insulated
Slide 28: Vertical Capabilities: Water, Railways and Solar
Vertical CAPABILITIES : WATER, RAILWAYS AND SOLAR Vertical Head Description • Designing, supplying, and constructing water treatment plants (WTP) Water • Building overhead service reservoirs (OHSR) and intake wells Scope of Work • Laying distribution pipe networks for surface and underground drinkin
Slide 29: Industry Overview
| “Industry Overview
Slide 30: Indian EPC Industry Scenario
INDIAN EPC INDUSTRY SCENARIO Overall Investments in India (Rs Trillion) Sector wise share of investments Infrastructure Industrial Building Construction FY26-29P 20% 13% 20% 12% 3% 16% 16% 24 26 18 23 FY19-25 17% 12% 16% 11% 6% 17% 21% 100 70 Roads Rlwys Power Water Other Infra Building Const. Indus
Slide 31: Indian Power Industry Scenario
INDIAN POWER INDUSTRY SCENARIO India’s Peak Power Demand (in Billion Units) Estimated Installed Capacity Addition by FY29 (in GW) 2,5 00 12. 0% 9.6% CAGR 5-7% 8.2% 10. 0% 2,0 00 7.6% FY30P 250 40 375 70 50 4.2% 8.0 % 1,5 00 5.1% 1.3% -1.2% 6.5% 6.0 % 4.0 % 1,0 00 2.0 % FY25 215 32 172 56 500 1,695 1
Slide 32: Indian Water EPC Industry Scenario
INDIAN WATER EPC INDUSTRY SCENARIO Investment in Water Sector in India (Irrigation + WSS) Status of Tap Water Supply for Households across India (₹ trillion) 14.0 as on 11th July 2025 ~77.8% of rural households in India having tap water supply in their homes 12.3 FY19-25 FY26-30P Non-EPC Investments
Slide 33: Indian Railway Industry Scenario
INDIAN RAILWAY INDUSTRY SCENARIO Investment in Railway Sector in India Investment in Metro Sector in India (₹ trillion) 16.0 1.7 12.5 0.8 FY19-25 FY25-29P FY19-23 FY24-28P Status of High Speed Rail Projects in India Non-EPC Investments, 5% Chennai - mysore Mumbai - Hyderabad Mumbai - Ahmedabad Proje
Slide 34: Way Ahead
Way Ahead
Slide 35: Further Scale Up the Operations Through Various Strategic Initiatives
FURTHER SCALE UP THE OPERATIONS THROUGH VARIOUS STRATEGIC INITIATIVES Action Points to diversify further, scale up revenues and enhance margins Further strengthen our presence in Selectively expand our geographical Expand our EPC portfolio into Capitalizing on Government Power Transmission and Distr
Slide 36: Thank You !
Thank You ! For more information please contact, Vikran Engineering Ltd Investor Relations Advisors 401, Odyssey I.T. Park, Road No. 9, Wagle Industrial AdfactorsPR Estate, Thane (W) – 400604, Maharashtra Mr. Sumit Kinikar / Mr. Bhavya Aggarwal Sumit.Kinikar@adfactorspr.com / bhavya.aggarwal@adfacto