Slide 1: Updated Investor Presentation intimation to stock exchanges
Date: 13th August 2026 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 Code
Slide 2: Investor Presentation August 2026
I nvestor Presentation August 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 14 Company Overview 23 Business Verticals 31Way ahead Investor Presentation August 2026
Slide 5: Financial Highlights
“)>) Financial Highlights
Slide 6: Management Comment
MANAGEMENT COMMENT “ We have commenced FY27 on a positive note, delivering approximately 28% year-on-year revenue growth, while EBITDA grew by around 24% year-on-year, with margins remaining broadly stable. The performance reflects continued execution momentum across our businesses, alongside our fo
Slide 7: Financial Snapshot
FINANCIAL SNAPSHOT (₹ in Cr) CAGR Revenue from Operations EBITDA & EBITDA Margin* PAT & PAT Margin 30% 70 14% 100 22% 10% 14% 14% 25% 60 3% 4% 9% 12% 204 80 20% 50 10% 159 60 40 8% 41% 15% 102% 136 30 6% 40 18 10% 20 4% 20 28 5% 10 4 6 23 2% 14 0 0% 0 0% Q1FY25 Q1FY26 Q1FY27 Q1FY25 Q1FY26 Q1FY27 Q1F
Slide 8: Standalone Profit & Loss Statement
STANDALONE PROFIT & LOSS STATEMENT Particulars (₹ Cr) Q1 FY27 Q1 FY26 YoY (%) Q4 FY26 Revenue from operations 204.0 159.2 28.2% 647.4 Other income 11.2 0.7 6.8 Total income 215.2 159.8 34.6% 654.2 Cost of materials consumed 91.0 53.5 258.4 Project-related expense 42.4 50.9 256.2 Employee benefits ex
Slide 9: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (₹ Cr) Q1 FY27 Q1 FY26 YoY (%) Q4 FY26 Consolidated Standalone Standalone Revenue from operations 141.6 159.2 -11.0% 647.4 Other income 10.2 0.7 6.8 Total income 151.8 159.9 -5.0% 654.2 Cost of materials consumed 69.2 53.5 258.4 Project-related expens
Slide 10: Understanding Standalone vs. Consolidated Performance
UNDERSTANDING STANDALONE VS. CONSOLIDATED PERFORMANCE Standalone Consolidated Elimination of Particulars (₹ Cr) inter company Operational & Accounting Explanation (Q1 FY27) (Q1 FY27) transaction Mechanical Elimination: Billed inter-company EPC revenue Revenue from 204.0 141.6 -62.4 from VIKRAN to NO
Slide 11: Consolidated Performance Bridge
CONSOLIDATED PERFORMANCE BRIDGE Accounting elimination today → capitalized asset value → annuity income from NOPL transforms the business model renewable generation From pure EPC vendor to integrated renewable infrastructure platform Core EPC execution remains strong 969 MW 25-year ₹3.074/kWh Solar
Slide 12: Order Book
ORDER BOOK Particulars (₹ in As on 30th Jun, 2026 As on 31st Mar, 2026 As on 31st Mar, 2025 Cr) Vertical Order Book % Order Book Order Book % Order Book Order Book % Order Book Solar 4,017.3 63% 2,825.1 54.2% - - Power T&D 1,674.9 26% 1,705.8 32.8% 1,237.4 60.5% Water 620.9 10% 634.4 12.2% 764.6 37.
Slide 13: Strategic Acquisition of NOPL Solar Projects
STRATEGIC ACQUISITION OF NOPL SOLAR PROJECTS Transforming Vikran into an Integrated Renewable Energy Platform Business Transformation Enhanced Earnings Quality • Strategic transition from a pure-play EPC contractor • Creates stable and predictable long-duration cash to an integrated renewable energy
Slide 14: Long Term Value Creation
LONG TERM VALUE CREATION Particulars Details Target Investment 969 MW PM-KUSUM Solar Portfolio Acquisition Structure 100% Ownership Total Project Cost ₹4,200 Cr PPA Tenure 25 Years Off-taker MSEDCL Tariff ₹3.074/kWh Strong Earnings & Cashflow Visibility Strong Execution & Scalability Advantage Gover
Slide 15: Company Overview
a: | Company Overview
Slide 16: 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 POWER TRANSMISSION & SOLAR EPC PROJECTS WATER INFRASTRUCTURE RAILWAY ELECTRIFICATION DISTRIBUTION PAN India Presence 45 comple
Slide 17: Journey
JOURNEY 2023 2025 2026 Serviced first order from • Secured 765 kV substation project from • 100% stake in NOPL Solar Projects NTPC Ltd. for a project in PGCIL Private Limited Kupwara, J&K • Successfully listed on NSE and BSE • Two LoAs received from MSEDCL • Secured 400 MW Solar project from • Execu
Slide 18: 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 35 years in EPC project execution communicati
Slide 19: Our Executive Board of Directors and KMPs
OUR EXECUTIVE BOARD OF DIRECTORS AND KMPS Experienced Promoters backed by Senior Leadership Team Kanchan Rakesh Markhedkar, Chief Human Resource Officer • Leading the Human Resources and Administration functions across the Head Office and project sites. • Focuses on talent development, compliance, a
Slide 20: 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 21: 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 22: Geographical Presence and Asset Light Model
GEOGRAPHICAL PRESENCE 22 4,500+ Unique States Served Suppliers’ Network & till date Relationships PAN India 190+ Asset Light Active Sites across 18 Model for Equipment and states as on 30th June Machineries 2026 To Expand into Middle East in the Private Sector EPC Projects Investor Presentation Augu
Slide 23: Key Clientele
KEY CLIENTELE Governments / Public Sector Undertakings (PSUs) Investor Presentation August 2026
Slide 24: Business Verticals
>| Business Verticals
Slide 25: Business Areas
BUSINESS AREAS Experience Renewable Energy Power Transmission & Distribution Solar EPC Projects • Transmission lines- HV • Water Pump Installation Expanding into Other EPC Portfolio • Substations- AIS & GIS • Ground Mounted Solar Projects • Power Distribution Network • Smart Metering Metro Infrastru
Slide 26: Core Business Verticals
CORE BUSINESS VERTICALS One of India’s fast-growing, diversified EPC companies, providing concept-to-commissioning solutions across key infrastructure sectors POWER TRANSMISSION, SUBSTATION & DISTRIBUTION SOLAR EPC Core Capabilities Core Capabilities Transmission AIS & GIS Underground Utility Scale
Slide 27: Diversified Infrastructure Capabilities
DIVERSIFIED INFRASTRUCTURE CAPABILITIES WATER INFRASTRUCTURE RAILWAY INFRASTRUCTURE Core Capabilities Core Capabilities Intake Wells & Overhead Underground EHV Water Treatment Rural & Urban Water Electrification Traction Substations Overhead Cabling for Rail Plants (WTPs) Distribution Networks (OHE)
Slide 28: 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 29: Glimpse of Some of the Key Projects Executed (2/2)
GLIMPSE OF SOME OF THE KEY PROJECTS EXECUTED (2/2) Others Substation Package SS-99 (ii) Augmentation of • Commissioning of 765 kV AIS Bays / 400 kV Bays in Raipur Substation for PGCIL. transformation capacity by 1×500MVA, 400/220kV ICT under Augmentation • Commissioning of 90 KM of Ashta -- Ujjain 4
Slide 30: 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 31: 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 32: Way Ahead
Way Ahead
Slide 33: 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 EXPAND OUR EPC PORTFOLIO CAPITALIZING ON GOVERNMENT POWER TRANSMISSION GEOGRAPHICAL FOOTPRINT GLOB
Slide 34: Thank You!
Thank You ! For more information please contact, Vikran Engineering Ltd Investor Relations Advisors B-2 & B-3, B Wing, 3rd AdfactorsPR Floor, Ashar IT Park, Road No. 16-Z, Wagle Industrial Mr. Sumit Kinikar / Mr. Shubham Sangle Estate, Thane – 400604 Sumit.Kinikar@adfactorspr.com / shubham.sangle@ad