Shares of Vikram Solar Ltd. experienced a significant 8-10% surge in today's trading session, bouncing off recent 52-week lows. According to reports from NDTV Profit, the rally was primarily driven by optimistic management commentary following their recent Q1 FY27 earnings call and investor meet. The company reported its highest-ever quarterly dispatch during the quarter, demonstrating strong operational performance despite challenging market conditions.
The company's distribution network has doubled its monthly run rate compared to the previous year, as reported by NDTV Profit. This expansion directly supports the company's participation in lucrative domestic solar schemes including PM Surya Ghar and PM-KUSUM. The doubled capacity in the distribution network indicates improved market penetration and operational efficiency in reaching end customers.
Despite the challenging first quarter performance, management provided reassuring guidance to investors. According to NDTV Profit, the company reiterated their strong full-year FY27 delivery guidance of 7.5-8.0 GW and maintained their EBITDA target of ₹1,500-₹1,600 crore. This guidance provides clarity on the company's operational outlook and financial expectations for the remainder of the fiscal year.
The stock had previously crashed to a record low on August 7th after reporting an 85% year-on-year drop in Q1 net profit, as reported by NDTV Profit. The profit decline was attributed to margin compression and input-cost inflation. However, today's surge represents a strong relief rally as the market digests the positive developments from the weekend earnings call and investor meet, with the stock now down 50% over the past year.
