Vikram Solar share price pops 13% after company reports 484% jump in Q1 net profit
Solar solutions provider Vikram Solar saw its shares pop 13.3% in intraday trade on Wednesday, September 10, hitting ₹407.95 apiece, in response to the company’s robust performance for the June-ending quarter, which is its first quarterly result after the company listed on bourses in August.
The company posted a 79.9% jump in consolidated revenue from operations to ₹1,133.6 crore, and with strong operating performance, net profit surged by 483.9% to ₹133.4 crore. Its EBITDA improved by 117.3% YoY to ₹242 crore, with margins expanding by 370 basis points to 21.4%.
