Vikram Solar has reported an 85 per cent decline in consolidated net profit to Rs 20 crore in the June quarter compared to the year-ago period due to higher expenses.The consolidated net profit was at Rs 133 crore in the quarter ended June 30, 2025, the company said in a regulatory filing.Total expenses increased to Rs 1,550.49 crore in the quarter from Rs 957.15 crore in the same period a year ago.The company's revenue from operations rose to Rs 1,563 crore in the reported quarter from Rs 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.
Vikram Solar Q1 net profit declines 85 pc to Rs 20 cr
Vikram Solar experienced an astonishing 85 percent drop in profits for the June quarter, primarily attributable to increased expenses. On a positive note, the company's revenue from operations showed a healthy uptick during this period. In a strategic move, Vikram Solar has also greenlit the expansion of its wafer and ingot manufacturing facility, expected to be operational by fiscal year 2029.
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