India's Vikram Solar slips to record low as quarterly profit declines

Vikram Solar

07/08/2026 07:10

** Shares of India's Vikram Solar VIKO.NS fall as much as 10.7% to 155.38 rupees, their lowest level since listing on August 26, 2025
** Stock posts its biggest intraday pct loss since June 11
** The solar PV module manufacturer reports June-quarter consol net profit of 197.8 million rupees ($2.08 million), down 85.1% from 1.33 billion rupees a year earlier
** Consol revenue from operations rises 37.8% Y/Y in the quarter
** More than 7 million shares change hands, about 3x the 30-day average volume 
** Stock rated "buy" on average by 6 analysts; median PT is 246.50 rupees - LSEG-compiled data
** Stock down 30.4%, YTD

($1 = 95.2650 Indian rupees)

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))