Synopsis:
The shares of this Construction company were in the news today as the company declared its Q2 result which highlighted the company’s Net profit growth at 333 percent YoY, along with the highest ever single order worth Rs 1,642 crore.
The shares of this company, which is engaged in providing comprehensive end-to-end services from conceptualization, design, supply, installation, testing, and commissioning on a turnkey basis across multiple infrastructure sectors, including power transmission and distribution, water infrastructure, and railway projects, were in the spotlight today as the company declared its robust results and its record Bagging of order.
With a market cap of Rs 2,653 crore, the shares of Vikran Engineering Ltd gave a closing at Rs 102.9 and soared more than 9 percent in today’s trading session and reached a high of Rs 108.60 when compared to its previous day closing price of Rs 99.40 .
Q2 FY26 Result highlights
The Revenue from operation for the company stood at Rs 176.3 crore when compared to Rs 159.2 crore in Q2 FY25 , growing by about 10.7 percent YoY basis and on QoQ basis increasing by 11 percent from Rs 159 crore in Q1 FY26.
The highlight of the result was the PAT, which grew by about 333 percent YoY basis when you compare the Q2 FY26 profit at Rs 9.1 crore to Rs 2.1 crore in Q2 FY25 and on QoQ basis has increased 61 percent from Rs 5.65 crore in Q1 FY26.
EBITDA is at Rs 25.4 crore, whereas in Q2 FY25 was at Rs 12.8 crore , growing by 98.9 percent, and EBITDA margins have increased from 14.4 percent to 8 percent respectively . The shares have a ROCE and ROE of 27.2 percent and 20.5 percent respectively.
Vikran Engineering recently secured its largest-ever Solar EPC order worth Rs 1,642 crore from Carbonminus Maharashtra One, marking a major milestone in its clean energy journey. In addition, the company bagged a Rs 354 crore Solar EPC project from Ellume Energy MH SolarOne, further expanding its presence in the renewable energy sector. As of November 10, 2025, the company’s order book stood at over Rs 4,000 crore, providing strong revenue visibility and execution strength for the next two years and reinforcing its position as a growing force in India’s clean and sustainable infrastructure space.
About the company
Vikran Engineering Limited is a multi-sector EPC company with a strong presence across power transmission, water infrastructure, and railway electrification, while also expanding into solar EPC and smart metering. The company delivers complete turnkey solutions ,right from planning and design to installation and commissioning and giving clients an end-to-end project experience.
Over the years, Vikran Engineering has successfully executed 45 projects across 14 states, partnering with reputed names like NTPC, Power Grid Corporation of India, state utilities, and public health departments. With its asset-light business model, in-house engineering expertise, and a trusted network of 3,500-plus vendors, the company ensures efficient execution and timely delivery of every project it undertakes.
Written by Leon Mendonca
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