Vikram Solar Q4 FY26 Record Revenue, Backward Integration Plan

Vikram Solar reported record Q4 FY26 revenue of INR1,450 crore and annual revenue of INR4,800 crore, a 40% YoY increase.
The company announced a backward integration roadmap including a 12 GW wafer-ingot facility with an INR3,700 crore outlay and a 15 GWh BESS capacity target by FY30.
Management provided FY27 guidance targeting 8 GW production and an EBITDA of INR1,500-1,600 crore, representing 74% growth over FY26.