Vikram Solar has reported an 85 per cent decline in consolidated net profit to ₹20 crore in the June quarter compared to the year-ago period due to higher expenses.The consolidated net profit was at ₹133 crore in the quarter ended June 30, 2025, the company said in a regulatory filing.Total expenses increased to ₹1,550.49 crore in the quarter from ₹957.15 crore in the same period a year ago.The company's revenue from operations rose to ₹1,563 crore in the reported quarter from ₹1,134 crore in the quarter ended June 30, 2025.The board in its meeting on Thursday also approved a proposal for enhancement of the company's proposed backward-integrated wafer and ingot manufacturing facility at its Gangaikondan site, Tamil Nadu, from 6 GW to 9 GW, which is scheduled to be commissioned by FY29.Published on August 7, 2026