Vikram Thermo Q2 Results FY27: PAT Rises 22.65% YoY, Revenue Rs 44.37 Cr, PAT Rs 13.59 Cr

Vikram Thermo (India) Ltd (VIKRAMTH) Q2 Results FY27 announced on 4 November 2026, covering the company's financial performance for the July to September quarter. The results date brought standalone results with revenue of Rs 44.37 Cr and PAT of Rs 13.59 Cr. Vikram Thermo Q2 Results FY27 also show YoY growth in revenue, Operating Profit and net profit against the same quarter last year.

This results analysis of Vikram Thermo Q2 Results covers the financial highlights, business drivers, outlook and risks behind the Standalone figures. It begins with the Financial Highlights below, which set the quarterly results for revenue, Operating Profit and net profit side by side with the same quarter last year.

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Vikram Thermo Q2 Results FY27: Financial Highlights

Metric	Q2 FY27 (Sep 26)	Q2 FY26 (Sep 25)	YoY Change
Revenue	Rs 44.37 Cr	Rs 34.64 Cr	+28.09% YoY
Operating Profit	Rs 18.33 Cr	Rs 15.49 Cr	+18.33% YoY
Net Profit (PAT)	Rs 13.59 Cr	Rs 11.08 Cr	+22.65% YoY

Source: company filing for Vikram Thermo Q2 Results FY27, 4 November 2026. Figures in Rs Crore, Standalone basis.

Key Takeaways from Vikram Thermo Q2 Results: What Stands Out

• Revenue of Rs 44.37 Cr rose 28.09% YoY from Rs 34.64 Cr in the same quarter last year, the largest YoY growth among the three profit and sales lines.
• Net profit of Rs 13.59 Cr rose 22.65% YoY from Rs 11.08 Cr, which Vikram Thermo Q2 Results FY27 present as the headline profit move of the quarter.
• Operating Profit of Rs 18.33 Cr rose 18.33% YoY from Rs 15.49 Cr, a pace slower than the growth in revenue and net profit.
• Net profit margin of 30.6% narrowed from 32.0% in the comparison quarter, which is the main risk headline for upcoming disclosures.
• Return on equity of 27.66% in FY26 and return on capital employed of 36.43% frame the quarter, and the performance analysis now explains the moves in detail.

Vikram Thermo Q2 Results FY27: Performance Analysis

Vikram Thermo reported standalone revenue of Rs 44.37 Cr for the July to September 2026 quarter, compared with Rs 34.64 Cr a year earlier, a rise of 28.09%. Net profit moved from Rs 11.08 Cr to Rs 13.59 Cr, a rise of 22.65%, so profit grew somewhat slower than revenue across the quarter.

In this results analysis, Operating Profit increased 18.33% YoY from Rs 15.49 Cr to Rs 18.33 Cr, the slowest of the three lines. Vikram Thermo Q2 Results FY27 therefore show revenue growing fastest, net profit next and Operating Profit last, a pattern investors can follow through every new set of quarterly results.

Readers who use the Univest Screener to compare Vikram Thermo Q2 Results with earlier periods can track the same three lines each quarter. The supplied figures confirm what changed but do not establish the specific cause of each move, which is where the quarterly results lead into the disclosed business factors.

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Key Business Factors This Quarter

Revenue growth – The quarterly results point first to revenue growth of 28.1% year on year to Rs 44.37 Cr, which gave Vikram Thermo Q2 Results FY27 their strongest line and anchored the Standalone result for the July to September 2026 quarter.

Net profit growth – Net profit rose 22.7% year on year to Rs 13.59 Cr, so profit expanded alongside sales instead of against them, and the Standalone profit line was higher in the latest quarter than in the comparison quarter.

Return ratios – Return on equity was 27.66% and return on capital employed was 36.43% in FY26, two full-year measures that sit behind the quarterly figures and describe how effectively the company used the capital it holds.

FY27 Outlook After Vikram Thermo Q2 Results

The FY27 outlook rests on how the coming quarters compare with the Rs 13.59 Cr of net profit reported here, because full-year results will depend on subsequent quarters. Vikram Thermo Q2 Results FY27 give a first reference point for the year, and later disclosures will show whether the pace of YoY growth holds.

A fair results analysis therefore tracks three markers: revenue against Rs 44.37 Cr, Operating Profit against Rs 18.33 Cr and net profit margin against 30.6%. Each marker comes straight from this quarter's disclosure, and the risks that follow explain why the margin and the return ratios deserve attention.

Key Risks to Watch After Vikram Thermo Q2 Results FY27

Narrower Net Profit Margin

Net profit margin narrowed to 30.6% from 32.0% in the comparison quarter, even as revenue grew. Vikram Thermo Q2 Results FY27 show net profit rising slower than revenue, so the margin is the first figure to watch in the next quarterly results.

Lower Return on Equity

Return on equity declined to 27.66% in FY26 from 28.73% in FY25. The ratio remains high, yet the decline means investors should watch whether YoY growth in profit keeps pace with the growing equity base over the coming quarters.

Slower Annual Earnings Growth

Annual per-share earnings growth slowed to 14.0% in FY26 from 29.6% in FY25. Against that slower annual pace, the quarterly YoY growth of 22.65% in net profit is the number to confirm when the next results are declared.

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Conclusion

Vikram Thermo Q2 Results FY27 close with standalone revenue of Rs 44.37 Cr and net profit of Rs 13.59 Cr, both higher YoY. Read together, the quarterly results show growth in sales and profit alongside a narrower margin. The Univest app lets readers compare Vikram Thermo Q2 Results with other standalone results, and investors should consult a SEBI-registered advisor before acting.

Frequently Asked Questions on Vikram Thermo Q2 Results FY27

What are Vikram Thermo Q2 Results FY27?

Ans. Vikram Thermo Q2 Results FY27 cover the July to September 2026 quarter, with standalone revenue of Rs 44.37 Cr and net profit of Rs 13.59 Cr, which the Financial Highlights table sets out in full.

What is the results date for Vikram Thermo Q2 Results FY27?

Ans. Vikram Thermo declared its quarterly results on 4 November 2026, so the results date for the July to September quarter is 4 November 2026, as stated in the opening paragraphs of this article.

What revenue was reported in Vikram Thermo Q2 Results FY27?

Ans. Vikram Thermo reported revenue of Rs 44.37 Cr in Q2 FY27, compared with Rs 34.64 Cr a year earlier, which means revenue rose 28.09% YoY, as the Performance Analysis explains.

What net profit was reported in Vikram Thermo Q2 Results FY27?

Ans. Vikram Thermo reported net profit of Rs 13.59 Cr in Q2 FY27, compared with Rs 11.08 Cr in the same quarter last year, so net profit rose 22.65% YoY, as the Key Takeaways show.

How much YoY growth did revenue show in Vikram Thermo Q2 Results FY27?

Ans. Revenue showed YoY growth of 28.09% in Vikram Thermo Q2 Results FY27, while net profit grew 22.65% and Operating Profit grew 18.33%, a comparison covered in the Performance Analysis section.

Did net profit rise or fall in Vikram Thermo Q2 Results?

Ans. Net profit rose in Vikram Thermo Q2 Results, climbing 22.65% YoY to Rs 13.59 Cr from Rs 11.08 Cr, although the Key Risks section notes that net profit margin narrowed to 30.6%.

What was the Operating Profit in Vikram Thermo Q2 Results FY27?

Ans. Operating Profit in Vikram Thermo Q2 Results FY27 was Rs 18.33 Cr against Rs 15.49 Cr a year earlier, an increase of 18.33% YoY, which the results analysis places as the slowest growing of the three lines.

Are Vikram Thermo Q2 Results consolidated results or standalone results?

Ans. Vikram Thermo Q2 Results are standalone results, covering the company on its own for the July to September 2026 quarter, so the Standalone figures in this article should not be read as consolidated results.

What business factors shaped Vikram Thermo Q2 Results FY27?

Ans. Revenue growth of 28.1%, net profit growth of 22.7%, return on equity of 27.66% and return on capital employed of 36.43% shaped Vikram Thermo Q2 Results FY27, as the Key Business Factors section describes.

What are the key risks after Vikram Thermo Q2 Results FY27?

Ans. After Vikram Thermo Q2 Results FY27, the key risks are a narrower net profit margin of 30.6%, a lower FY26 return on equity of 27.66% and slower annual earnings growth, as the Key Risks section explains.

What is the outlook after Vikram Thermo Q2 Results?

Ans. The outlook after Vikram Thermo Q2 Results rests on how coming quarters compare with Rs 13.59 Cr of net profit, since full-year FY27 results depend on later quarters, as the Outlook section notes.

Where can I find the complete Vikram Thermo Q2 Results FY27 data?

Ans. The complete Vikram Thermo Q2 Results FY27 data sits in the Financial Highlights table above, and the Univest Screener lets readers compare these quarterly results with other companies on the same basis.