Vikran Engineering investor presentation: Q2 FY27 revenue up 20.2% but profit after tax down 69.8%
Q2 FY27 consolidated revenue up 20.2% to Rs 211.8 Cr, but EBITDA down 12.5% and profit after tax down 69.8% to Rs 2.7 Cr.
By ScoutQuest · · 1 min read
- Q2 FY27 consolidated revenue
- up 20.2% year on year to ₹ 211.8 crore in Q2 FY27
- Q2 FY27 profit after tax
- dropped 69.8% to ₹ 2.7 crore
- Total order book
- ₹ 6,421.4 crore as on 30th Sep 2026
- Period
- November 2026 (Q2 FY27, H1 FY27)
- Positioning
- The company presents itself as an EPC player across Power T&D, Solar, Water and Railway verticals, with projects executed in 22 Indian states and an order book of ~Rs 6,257 Cr, now transitioning to an integrated renewable energy platform.
📉 Consolidated revenue from operations rose 20.2% year on year to ₹ 211.8 crore in Q2 FY27, but EBITDA fell 12.5% to ₹ 22.3 crore, EBITDA margin slipped to 10.5% from 14.4% and profit after tax dropped 69.8% to ₹ 2.7 crore, with project-related expense at ₹ 38.0 crore versus ₹ 6.9 crore and finance cost at ₹ 20.6 crore.
📉 For H1 FY27 consolidated revenue was ₹ 353.4 crore, up 5.4%, while EBITDA fell 30.3% to ₹ 33.5 crore and profit after tax fell 54.4% to ₹ 6.7 crore. On a standalone basis, H1 FY27 revenue was ₹ 424.1 crore, up 26.5%, with profit after tax of ₹ 25.4 crore, up 71.6%.
📋 The presentation prints a total order book of ₹ 6,421.4 crore as on 30th Sep 2026 against ₹ 2,244.8 crore as on 30th Sep 2025, with Solar at 61.1% and Power T&D at 28.9%, and a total order book of ~₹ 6,257 crore as on 31st Oct 2026; client mix is stated as 58% private sector, 24% government and 18% PSUs.
🏭 Management states the strategic acquisition of NOPL Solar Projects, including a commissioned 969 MW solar project, will transform Vikran from a pure-play EPC contractor into an integrated renewable energy platform with annuity-based revenue visibility. The consolidated balance sheet shows borrowings rising to ₹ 385.6 crore from ₹ 246.4 crore and long-term borrowings to ₹ 150.7 crore from ₹ 45.8 crore, with capital work-in-progress of ₹ 739.9 crore.
Also from Vikran Engineering
SEBI issues administrative warning for non-disclosure of Rs. 12.50 crore dispute
6 Nov 2026
Vikran Engineering Q2/H1 FY2026 earnings conference call held 06 Nov 2026; audio recording uploaded
6 Nov 2026
Standalone results for the quarter ended 30 September 2026 (Unaudited)
5 Nov 2026
More numbers
- Revenue from operations, consolidated, Q2 FY27211.8 (₹ Cr)
- EBITDA (excl. other income), consolidated, Q2 FY2722.3 (₹ Cr)
- Profit after tax, consolidated, Q2 FY272.7 (₹ Cr)
- EBITDA margin, consolidated, Q2 FY2710.5%
- Revenue from operations YoY growth, consolidated, Q2 FY2720.2%
- Profit after tax YoY growth, consolidated, Q2 FY27-69.8%
- Revenue from operations, standalone, H1 FY27424.1 (₹ Cr)
- Total order book, as on 30th Sep 20266,421.4 (₹ in Cr)
- Total order book, as on 31st Oct 2026~₹ 6,257Cr
- Borrowings (current), consolidated, Sep-26385.6 (₹ Cr)
- Revenue CAGR during FY23-2633.57%
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