Vikram Solar Limited · NSE:VIKRAMSOLR
Vikram Solar — Q1 FY2027 Earnings Presentation
16 slides from Vikram Solar's earnings presentation, Aug 7, 2026
Slide 1: Regulation 30 disclosure cover letter
August 06, 2026 VSL/CS/373/2026 dated 06.08.2026 BSE Limited National Stock Exchange of India Ltd. Department of Corporate Services Listing Department P. J. Towers, Dalal Street, Mumbai – 400 001. Exchange Plaza, Bandra-Kurla Complex, Bandra (E), Mumbai – 400 051 (Scrip Code: Equity - 544488) (Symbo
Slide 2: Investor Presentation Q1 FY2027
Investor Presentation Q1 FY2027
Slide 3: Safe Harbor
Safe Harbor This presentation and the accompanying slides (the “Presentation”), which have been prepared by Vikram Solar Limited (the “Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation to purchase or subscribe for any securiti
Slide 4: India's Solar Opportunity: Solar-Led, Storage-Backed, Policy-Powered
India’s Solar Opportunity: Solar-Led, Storage-Backed, Policy-Powered INDIA POWER DEMAND POLICY TAILWIN D S 7.3% 1,460 Make In India Mandate power demand CAGR —fastest kWh per-capita — ~half global ALMM mandates across modules and cells are accelerating major economy average domestic manufacturing an
Slide 5: Vikram Solar well-positioned to capture future value
Vikram Solar well-positioned to capture future value PROVEN CAPABILITIES: Smart & Automated Long-Term Value Technology Leadership Single-Site Integration Operations Creation N-Type TOPCon modules Edge at Gangaikondan AI-enabled factories, with Wafer-to-module margin with R&D on-going for future Zero
Slide 6: Gangaikondan: One Integrated Manufacturing Hub
Gangaikondan: One Integrated Manufacturing Hub One Location. Three Plants. Compounding Returns SINGLE FENCE · ONE CONTIGUOUS PARCEL WHAT THIS LAYOUT BUYS US 01 Module 02 SOLAR CELL 03 Wafer - Ingot Zero inter-plant logistics No freight, packing, e-way bills or inter- 6 GW 9 GW 9 GW state movement No
Slide 7: Gangaikondan Module Plant – Commissioned
Gangaikondan Module Plant – Commissioned First module already out in June’26 COMPLETED ACTIVITIES Vikram Solar Limited 6
Slide 8: Diversified Demand Engines Driving Sustainable Growth
Diversified Demand Engines Driving Sustainable Growth ~ 7.9 GW Order book (30 Jun 2026) Large Accounts * – 7.1 GW Mid-Market – 0.8 GW Distribution (16.5% revenue share) ~30-40 GW/yr ~ 7-8 GW/yr ~ 8-10 GW/yr 2X MONTHLY RUN RATE - Fastest growing; ALMM-II - Large ticket, long cycles, H2 - Margin accre
Slide 9: Financial Highlights – Q1FY27
Financial Highlights – Q1FY27 Sales Volume (MW) Revenue from Operations (INR Cr) 1,006 999 1,006 1563 1563 1453 764 1134 Q1FY26 Q1FY27 Q4FY26 Q1FY27 Q1FY26 Q1FY27 Q4FY26 Q1FY27 EBITDA (INR Cr) PAT (INR Cr) 133 242 235 110 126 126 20 20 Q1FY26 Q1FY27 Q4FY26 Q1FY27 Q1FY26 Q1FY27 Q4FY26 Q1FY27 Vikram S
Slide 10: Consolidated Profit & Loss Statement
Consolidated Profit & Loss Statement Profit and Loss (INR Cr) Q1FY27 Q1FY26 YoY Q4FY26 Q-on-Q Revenue from Operations 1,563 1,134 38% 1,453 8% Cost of Goods Sold 1,268 778 63% 1,049 21% Gross Profit 295 356 -17% 404 -27% Gross Profit Margin 19% 31% 28% Employee Cost 55 35 56% 49 13% Other Expenses 1
Slide 11: Externally validated: ESG, bankability and product quality
Externally validated: ESG, bankability and product quality Sustainability as a daily discipline, not a one-time OTHER RECOGNITIONS: achievement Awarded Ecovadis Platinum for the 2nd time in a row — 99th Bloomberg NEF Tier-1 — 9th percentile worldwide, the highest score in our sector at group level c
Slide 12: About Us
About Us 11
Slide 13: Timeline of Innovation and Capacity Expansion
Timeline of Innovation and Capacity Expansion To become one of the most valuable Deliver reliable solar solutions through VISION solar company delivering benchmark sustainable energy solutions worldwide MISSION world class technology and innovation Reached Crossed Achieved Reached Touched BSE & NSE
Slide 14: Certifications, Awards & Accreditations
Certifications, Awards & Accreditations Globel PV CYCLE Global CII EHS Excellence Awards – EcoVadis Platinum Medal IGBC Founder Member Membership for one year for Deloitte Enterprise Growth Award Silver for two Factories module recycling Gold Medal at 10th edition of the Awarded Gold at the 23rd ET
Slide 15: Experienced Board of Directors
Experienced Board of Directors Hari Krishna Chaudhary Chairperson - Emeritus Board of Directors Gyanesh Chaudhary Sameer Nagpal Krishna Kumar Maskara Subramanya Krishnappa Chairman & Managing Director CEO and Whole-time director COO and Whole-Time Director Independent Director >30 years of experienc
Slide 16: THANK YOU!
GLOBALLY We are much Closer to You THANK YOU! For further information, please contact: Investor Relations: Go India Advisors Vikram Solar Limited CIN: L18100WB2005PLC106448 LLPIN: AAH-6471 Ms. Khushbu Singhania / Mr. Nikhar Arora Ms. Rinal Shah – Investor Relations khushbu@goindiaadvisors.com / inve