Vikram Solar Q2 Results FY27: Net Profit Falls 95.38% YoY, Revenue Rs 1,077.42 Cr, PAT Rs 5.93 Cr
- November 14, 2026
- Posted by: Harsh Piplani
- Category: Results
Quick Answer
Vikram Solar Q2 Results FY27 were declared on 14 November 2026 for the July to September 2026 quarter on a Consolidated basis. Revenue declined 2.93% YoY to Rs 1,077.42 Cr from Rs 1,109.91 Cr, and net profit (PAT) fell 95.38% to Rs 5.93 Cr from Rs 128.49 Cr. These quarterly results show negative YoY growth in all three lines, with Operating Profit down 56.93% to Rs 101.23 Cr.
Vikram Solar Ltd (VIKRAMSOLR) Q2 Results FY27 announced on 14 November 2026, covering the company’s financial performance for the July to September quarter. The results date marks the filing, and the consolidated results show revenue of Rs 1,077.42 Cr and PAT of Rs 5.93 Cr. Vikram Solar Q2 Results FY27 therefore pair a 2.93% revenue decline with a 95.38% fall in net profit.
This Univest note on Vikram Solar Q2 Results covers the financial highlights, business drivers, outlook and risks. The results analysis starts from the Financial Highlights table below, which sets each figure beside the same quarter a year ago.
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Vikram Solar Q2 Results FY27: Financial Highlights
| Metric | Q2 FY27 (Sep 26) | Q2 FY26 (Sep 25) | YoY Change |
|---|---|---|---|
| Revenue | Rs 1077.42 Cr | Rs 1109.91 Cr | -2.93% YoY |
| Operating Profit | Rs 101.23 Cr | Rs 235.02 Cr | -56.93% YoY |
| Net Profit (PAT) | Rs 5.93 Cr | Rs 128.49 Cr | -95.38% YoY |
Source: company filing for Vikram Solar Q2 Results FY27, 14 November 2026. Figures in Rs Crore, Consolidated basis.
Key Takeaways from Vikram Solar Q2 Results: What Stands Out
- Revenue Rs 1,077.42 Cr: sales declined 2.93% from Rs 1,109.91 Cr in the year-ago quarter, the smallest YoY change among the three headline lines.
- Net profit Rs 5.93 Cr: PAT fell 95.38% from Rs 128.49 Cr, the steepest YoY change among the three lines.
- Operating Profit Rs 101.23 Cr: this line moved down 56.93% from Rs 235.02 Cr, a much larger fall than revenue recorded.
- Net profit margin: the margin narrowed to 0.6% from 11.6% in the comparison quarter, which is the same PAT fall seen against revenue.
- Vikram Solar Q2 Results FY27 basis: all figures are Consolidated and compare July to September 2026 with the same quarter in 2025.
- Next step: the performance analysis below shows how the three lines moved against one another.
Vikram Solar Q2 Results FY27: Performance Analysis
The performance analysis shows revenue of Rs 1,077.42 Cr against Rs 1,109.91 Cr a year earlier, a 2.93% decline. Operating Profit stood at Rs 101.23 Cr, down 56.93%, while net profit was Rs 5.93 Cr, down 95.38%. Together these quarterly results describe a quarter in which all three lines were lower than the year-ago quarter.
Vikram Solar Q2 Results FY27 put the revenue change at Rs 32.49 Cr lower, the Operating Profit change at Rs 133.79 Cr lower and the net profit change at Rs 122.56 Cr lower, all measured against the same quarter last year on a Consolidated basis. This results analysis also shows that the fall in Operating Profit is far larger in rupee terms than the fall in revenue.
Investors tracking Vikram Solar Q2 Results will watch whether YoY growth in revenue turns positive and whether Operating Profit and net profit move up in later quarters. The percentage declines widen from revenue at 2.93% to Operating Profit at 56.93% and net profit at 95.38%. They can follow later filings through the Univest Screener, which is where the quarterly results turn to the business factors.
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Key Business Factors This Quarter
Return on equity – Return on equity was 21.45% in FY26, the first business factor listed for the company, and Vikram Solar Q2 Results FY27 sit alongside it on a Consolidated basis.
Return on capital employed – Return on capital employed was 34.07% in FY26, which is the second business factor and reads together with the return on equity figure above.
Low debt – The company is almost debt free, with a debt-to-assets ratio of 0.03 in FY26, which leads into the results analysis of the outlook.
FY27 Outlook After Vikram Solar Q2 Results
A results analysis for FY27 starts from the figures reported so far: revenue of Rs 1,077.42 Cr and net profit of Rs 5.93 Cr for the July to September 2026 quarter. The remainder of FY27 will depend on subsequent quarters and on conditions disclosed in later filings. The FY26 return on equity of 21.45% and return on capital employed of 34.07% give reference points for what later filings may show.
Vikram Solar Q2 Results FY27 give one data point for the year on a Consolidated basis, and the comparison between a 2.93% revenue decline and a 95.38% net profit decline is the one to follow as the year moves on, and the Consolidated basis keeps every comparison like for like. That comparison also leads into the key risks.
Key Risks to Watch After Vikram Solar Q2 Results FY27
Revenue Below the Year-Ago Level
Revenue declined 2.93% YoY to Rs 1,077.42 Cr, which is Rs 32.49 Cr below the Rs 1,109.91 Cr reported a year earlier. Vikram Solar Q2 Results FY27 therefore start with YoY growth below zero for the top line.
Net Profit Down 95.38%
Net profit fell 95.38% YoY to Rs 5.93 Cr from Rs 128.49 Cr. Investors may track whether later quarters bring PAT back toward the year-ago level.
Net Profit Margin of 0.6%
Net profit margin narrowed to 0.6% from 11.6% in the comparison quarter. This is the same fall in PAT expressed against revenue of Rs 1,077.42 Cr.
Volatile Quarterly Net Profit
Quarterly net profit has been volatile, ranging from Rs 5.93 Cr to Rs 128.49 Cr over the last 5 quarters. Investors may track how this range moves in later filings, which brings the review to its conclusion.
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Conclusion
Vikram Solar Q2 Results FY27 show lower revenue, Operating Profit and net profit YoY on a Consolidated basis. The quarterly results and the consolidated results table together give the full picture of a quarter with a 2.93% revenue decline and a 95.38% fall in net profit. Readers of Vikram Solar Q2 Results should consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.
Frequently Asked Questions on Vikram Solar Q2 Results FY27
What are Vikram Solar Q2 Results FY27?
Ans. Vikram Solar Q2 Results FY27 are the consolidated results for July to September 2026, with revenue of Rs 1,077.42 Cr and net profit of Rs 5.93 Cr, as the Quick Answer summarises.
What is the results date for Vikram Solar Q2 Results FY27?
Ans. The results date for Vikram Solar Q2 Results FY27 is 14 November 2026, which is why the opening paragraphs describe the July to September 2026 quarter on a Consolidated basis.
What revenue was reported in Vikram Solar Q2 Results FY27?
Ans. Vikram Solar reported revenue of Rs 1,077.42 Cr for the quarter, compared with Rs 1,109.91 Cr a year earlier, so the Financial Highlights table shows a 2.93% decline.
What net profit was reported in Vikram Solar Q2 Results FY27?
Ans. Vikram Solar reported net profit of Rs 5.93 Cr against Rs 128.49 Cr a year earlier, which means PAT fell 95.38% as the Key Takeaways section notes.
How much YoY growth did revenue show in Vikram Solar Q2 Results FY27?
Ans. Revenue showed a YoY change of 2.93% lower in Vikram Solar Q2 Results FY27, from Rs 1,109.91 Cr to Rs 1,077.42 Cr, while the Performance Analysis puts the absolute change at Rs 32.49 Cr.
Did net profit rise or fall in Vikram Solar Q2 Results?
Ans. Net profit fell 95.38% YoY to Rs 5.93 Cr in Vikram Solar Q2 Results, compared with Rs 128.49 Cr, so the Performance Analysis section measures the change at Rs 122.56 Cr.
What was the Operating Profit in Vikram Solar Q2 Results FY27?
Ans. Operating Profit was Rs 101.23 Cr, down 56.93% from Rs 235.02 Cr, while the Key Takeaways section shows it fell by far more than revenue over the same period.
Are Vikram Solar Q2 Results consolidated results or standalone results?
Ans. Vikram Solar Q2 Results are consolidated results, so every figure in the article is on a Consolidated basis, as the Quick Answer and the Financial Highlights table show.
What business factors shaped Vikram Solar Q2 Results FY27?
Ans. The listed business factors are return on equity of 21.45%, return on capital employed of 34.07% and a debt-to-assets ratio of 0.03 in FY26, as the Key Business Factors section explains.
What are the key risks after Vikram Solar Q2 Results FY27?
Ans. The key risks are lower revenue, a 95.38% fall in net profit, a net profit margin of 0.6% and volatile quarterly net profit, as covered under Key Risks to Watch.
What is the outlook after Vikram Solar Q2 Results?
Ans. The outlook after Vikram Solar Q2 Results rests on subsequent quarters, since the remainder of FY27 depends on later filings, as the FY27 Outlook section explains.
Where can I find the complete Vikram Solar Q2 Results FY27 data?
Ans. The complete data sits in the Financial Highlights table above, while the Univest Screener and the Univest app carry wider results date and company details.
