Vikran Engineering Limited (VIKRAN) Financial Results — Revenue ₹1,249 Cr

StockFin.ai Try Free →

Revenue: ₹1,249 CrNet Profit: ₹92

📢 Key Event
Vikran Engineering reports FY26 revenue of ₹1,249 crores and PAT of ₹92 crores, targeting FY27 revenue of INR 2,200-2,300 crores with 14-15% EBITDA margins.

🔄 What Changed
EBITDA margin declined to 14% in FY26 due to delayed Jal Jeevan Mission receivables, though provisioning is expected to reverse upon collection; receivables exposure to JJM stands at INR 400 crores; order book grew to INR 5,700 crores; FY27 revenue guidance set at INR 2,200-2,300 crores.

🔮 What's Next
FY27 revenue guidance of INR 2,200-2,300 crores; target EBITDA margin range of 14-15%; cash flow expected to turn positive in FY28; no equity dilution planned; receivables reduction expected as solar and private financing gain traction; land acquisition 85% secured for future projects; MNRE/MSEDCL extension until March 2027.

💡 Investor Takeaway
Shareholders should note that while near-term margin pressure persists due to receivables timing, the company maintains strong order visibility, margin discipline targets, and a clear path to cash flow positivity in FY28 with no equity dilution.

Vikran Engineering reported FY26 revenue of **₹1,249 crores** and PAT of **[amount context mismatch] crores**, with EBITDA margin declining to **14%** due to delayed Jal Jeevan Mission receivables, though provisioning is expected to reverse upon collection. The company maintains a strong order book of **INR 5,700 crores**, targeting FY27 revenue of **INR 2,200-2,300 crores** and sustainable EBITDA margins of **14-15%**. Key growth drivers include solar EPC expansion, data center opportunities, and geographic diversification across 22 states. Receivables exposure to JJM stands at **INR 400 crores**, with cash flow expected to turn positive in FY28. The company emphasized no equity dilution plans and continued focus on margin discipline amid execution risks.

📄 View Original Announcement (PDF)

📊 Stock Analysis — VIKRAN ✨ Ask AI About This

About Vikran Engineering Limited (VIKRAN)

Construction · Construction · Listed on NSE

Market Cap: ₹1,783.45 Cr

View full VIKRAN stock details →

Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

Vikran Engineering Limited (VIKRAN) — Financial Results

About Vikran Engineering Limited (VIKRAN)

Recent Announcements from Vikran Engineering Limited