Slide 1: Stock exchange disclosure letter
Date: 10th November 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 Nov 2025
Investor Presentation Nov 2025
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 Financial & Operational Company Overview Business Segments Highlights Industry Overview Way ahead Investor Presentation Nov 2025
Slide 5: Financial & Operational Highlights
+> Financial Highlights
Slide 6: Management Comment
MANAGEMENT COMMENT “ “The first half of FY26 has been a period of steady growth for us, with healthy YoY improvement in revenue and a notable expansion in EBITDA margins. The performance reflects our continued focus on operational discipline, efficient execution, and prudent cost management across p
Slide 7: Financial Snapshot
FINANCIAL SNAPSHOT Profit After Tax Revenue from Operations EBITDA & Margins 14% 176 9 8% 25 13 159 2 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Q2 FY25 Q2 FY26 Revenue from Operations EBITDA & Margins Profit After Tax 14% 335 15 9% 48 295 27 6 H1 FY25 H1 FY26 H1 FY25 H1 FY26 H1 FY25 H1 FY26 Investor Presentat
Slide 8: Consolidated Profit & Loss Statement
CONSOLIDATED PROFIT & LOSS STATEMENT Particulars (₹ Cr) Q2 FY26 Q2 FY25 YoY H1 FY26 H1 FY25 YoY FY25 Revenue from operations 176.3 159.2 10.7% 335.4 295.3 13.6% 915.8 Other income 3.0 1.1 3.7 1.3 6.5 Total income 179.3 160.4 11.8% 339.1 296.6 14.3% 922.4 Cost of materials consumed 101.1 101.3 154.6
Slide 9: Consolidated Balance Sheet
CONSOLIDATED BALANCE SHEET Particulars (₹ Cr) Sep-25 Mar-25 Particulars (₹ Cr) Sep-25 Mar-25 Property, plant and equipment 8.7 9.0 Equity share capital 25.8 18.4 Investment properties 2.1 2.1 Other equity 1,134.8 449.5 Intangible assets 0.2 0.2 Total Equity 1,160.5 467.9 Right-of-use assets 1.4 1.5
Slide 10: Consolidated Cashflow Statement
CONSOLIDATED CASHFLOW STATEMENT Particulars (₹ Cr) H1FY26 H1FY25 Cashflow from Operating Activities -166.6 -89.9 Cashflow from Investing Activities -333.6 3.8 Cashflow from Financing Activities 677.8 91.5 Net Change in Cash and Cash Equivalents 177.6 5.4 Investor Presentation Nov 2025
Slide 11: Order Book
ORDER BOOK ₹ in Cr As at September 30, 2025 As at March 31, 2025 As at September 30, 2024 Segment Order Book % Order Book Order Book % Order Book Order Book % Order Book Power T&D 1,483.9 66.1% 1,237.4 60.5% 1,224.2 58.2% Water 717.3 32.0% 764.6 37.4% 836.8 39.8% Railway 41.2 1.8% 42.3 2.1% 43.9 2.1
Slide 12: 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 13: Consolidated Balance Sheet
CONSOLIDATED 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 467.9 291.3 Other
Slide 14: Company Overview
a Company , Overview
Slide 15: 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 16: Journey
JOURNEY 2023 2024 2025 Serviced first order from Special appreciation: Commissioning Secured 765 kV substation project from Power Grid NTPC Ltd. for a project bays at Karnool, Raipur & Patiala Successfully listed on NSE and BSE in Kupwara, J&K Substation” by Power Grid Corp of Secured 1st solar EPC
Slide 17: 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 18: 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 19: Key Strengths
KEY STRENGTHS SPECIALIZED EXPERTISE & DECADES OF EXPERIENCE HIGHEST FINANCIAL PERFORMANCE & MARGINS • 93+ Years of Combined Experience in Design & • Achieved Highest EBITDA Margin, ROCE, and ROE Engineering among peers • Promoters bring 7+ decades of cumulative industry • Demonstrated Fastest Revenu
Slide 20: Geographical Presence
GEOGRAPHICAL PRESENCE 22 3,500+ Unique States Served till date Suppliers’ Network & Relationships PAN India 190 Asset Light Active Sites as on 30st June 2025 Model for Equipments and Machineries To Expand into Middle East in the Private Sector EPC Projects Investor Presentation Nov 2025
Slide 21: Key Clientele
KEY CLIENTELE Governments / Public Sector Undertakings (PSUs) Investor Presentation Nov 2025
Slide 22: Business Segments
| Business Segments
Slide 23: Business Areas
BUSINESS AREAS Experience Power Transmission & Distribution Solar EPC Projects Expanding into Other EPC Portfolio • Transmission lines- HV • Water Pump Installation Renewable Energy • Substations- AIS & GIS • Ground Mounted Solar Projects • Power Distribution Network • Smart Metering Metro Infrastru
Slide 24: 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 25: 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 26: 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 27: 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 765 kV AIS Bays / 400 kV Railway Electrification Bays in Raipur Substation Purpose : Power Distribution Project between Sengottai & for Power Grid Corporation of work in Arunachal Pradesh Punalur section of Tamil India Limited Nad
Slide 28: 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 29: Segment Capabilities: Power
SEGMENT 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 30: Segment Capabilities: Water, Railways and Solar
SEGMENT CAPABILITIES : WATER, RAILWAYS AND SOLAR Segment Head Description • Designing, supplying, and constructing water treatment plants (WTP) Water Scope of • Building overhead service reservoirs (OHSR) and intake wells Work • Laying distribution pipe networks for surface and underground drinking
Slide 31: Industry Overview
a Industry 1 Overview
Slide 32: 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 33: 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% FY30P 250 40 375 70 50 10. 0% 7.6% 2,0 00 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 2,265 1
Slide 34: 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 35: 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 Mumba
Slide 36: Way Ahead
Way Ahead
Slide 37: Further Scale Up the Operations Through 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 Selectively expand our Expand our EPC portfolio Capitalizing on Government in Power Transmission and geographical footprint
Slide 38: Thank You!
Thank You ! For more information please contact, Vikran Engineering Ltd AdfactorsPR 401, Odyssey I.T. Park, Road No. 9, Wagle Industrial Mr. Sumit Kinikar / Mr. Bhavya Aggarwal Estate, Thane (W) – 400604, Maharashtra Sumit.Kinikar@adfactorspr.com / bhavya.aggarwal@adfactorspr.com