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.

Vikram Solar shares fell sharply to a record low on Friday after the company reported an 85% year-on-year drop in Q1 profit, with margins shrinking sharply. Investor sentiment was…

Vikram Solar's Q1 net profit plummets 85% to ₹20 crore amid rising expenses, despite revenue growth.