VIKRAN ENGINEERING LTD

Vikran Engineering Limited reported a strong performance in Q1 FY27, achieving approximately 28% year-on-year revenue growth, with EBITDA increasing by around 24% and PAT rising by 212% year-on-year. Management highlighted the successful acquisition of NOPL Solar Project Private Limited, which has allowed for a realignment of their solar EPC execution framework, valued at approximately INR 3,518 crores. The company emphasized its focus on renewable energy and Power T&D, with significant order wins from MSEDCL and Power Grid. The current order book stands at approximately INR 6,496 crores, with solar EPC making up 62% of this total. Management expressed confidence in maintaining disciplined execution and cash flow management, while also addressing challenges related to seasonal business fluctuations and receivables from government projects. The earnings call concluded with management reaffirming their commitment to growth and operational efficiency.

Management emphasized strong growth and operational achievements during the quarter.