Vikram Solar Limited has released its investor presentation for the third quarter and nine months of fiscal year 2026, ending December 31, 2025. The company reported revenue from operations of ₹1,106 crore for Q3 FY26, marking an 8% year-on-year increase. EBITDA stood at ₹205 crore, a significant jump of 142% YoY, and Profit After Tax (PAT) was ₹98 crore, a 416% increase YoY.

For the nine-month period of FY26, revenue from operations reached ₹3,349 crore, up 50% from the previous year. EBITDA for the 9M FY26 was ₹682 crore (up 154% YoY), and PAT was ₹360 crore (up 631% YoY).

The company's manufacturing capacity has expanded to 9.5 GW as of December 31, 2025, with the commencement of operations at its 5 GW module plant in Vallam. Vikram Solar also launched its advanced N-Type solar PV module, Hypersol Pro, and appointed Mr. Arun Mittal as the CEO of its subsidiary, VSL Powerhive Private Limited. The board approved a capital expenditure of ₹4,371 crore for entry into Battery Energy Storage Systems (BESS) through VSL Powerhive.

Vikram Solar's order book as of December 31, 2025, stands at 10.6 GW, a 28% increase from 8.2 GW as of December 31, 2024. The company's credit rating was upgraded by India Ratings to IND A+ Stable for long-term facilities and IND A1+ for short-term facilities.