Why were Vikran Engineering shares up 10% today?

Synopsis: Vikran Engineering informed the exchanges that it has received and accepted official project awards for setting up solar power plants with a total capacity of 45.75 MW in Vidisha district of Madhya Pradesh adding value to its Rs. 4,000 Crore orderbook.

The shares of this engineering company majorly engaged in providing end to end services like designing, supplying, installation, testing and commissioning of projects to government entities, PSU and private companies across multiple, jumped upto 10 percent upon receiving significant  solar power project from M.P. Urja Vikas Nigam Limited.

With the market capitalization of Rs. 2802 Crores, the shares of Vikran Engineering Ltd jumped upto 10 percent from previous day close of Rs. 100.75 Rs per share to intraday high of Rs. 110.36 Rs. per share 

Vikran Engineering has accepted LoA from M.P. Urja Vikas Nigam Limited for implementing grid-connected Solar PV-based power plants with a total capacity of 45.75 MW AC. The project will take place under the scheme Surya Mitra Krishi scheme with feeder solarisation as part of the PM KUSUM-C  for sale of power to Madhya Pradesh Power Management Company Limited (MPPMCL). 

 Vikram energy will act as Renewable Power Generator (RPG) for implementation of the solar power plants. The project will have  25 years of power purchase tenure and  tariff priced at Rs. 2.75 per kWh to Rs. 2.8 per kWh. This further strengthens Vikran Engineering’s growing presence in decentralised and utility-scale solar projects.

The company’s order book  as on 10 November 2025  crosses over Rs 4,000 Crores of which Solar segment contributes 50 percent of the total order book followed by Power T&D and Water & Railway,  contributing 32 percent, 18 percent respectively. The company receives 61 percent of the total work orders from private sectors whereas the Government and PSU segment contributes 26 percent and 13 percent respectively. 

Year on Year analysis: Revenue from operations has increased from Rs. 159.24 Crores to Rs. 176.29 crores, up 10.7 percent. Operating profit has increased from Rs. 12.78 Crores to 25.44 Crores, up 99  percent and net profit has increased from Rs. 2.08 Crores to Rs. 9.14 Crores, up 339 percent 

Quarter on Quarter analysis: Revenue from operations has increased from Rs. 159.16 Crores to 176.29 Crores, up 10.76 percent. Operating profit has increased from Rs. 22.65 Crores to 25.44 Crores, up 12.3 percent and net profit has increased from Rs. 5.65 Crores to 9.14 Crores, up 61.7 percent.  

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