Vikram Solar reported a sharp surge in Q2 FY26 performance with revenue rising 93.9% YoY to ₹1,109 crore and EBITDA jumping 229.5% to ₹234 crore. Margins expanded to 21.1% from 12.4%, aided by higher capacity utilization and cost optimization. The solar manufacturer credited its growth to large-scale EPC contracts and increased international shipments under India’s solar mission. Analysts note this as one of the company’s strongest quarters since listing, with improved order inflows and policy tailwinds supporting sustained momentum into FY26.