Capital Goods - Electrical Equipment · VIKRAMSO
Capital Goods - Solar
from 157 today
Vikram Solar reported Q1FY27 revenue up 38.0% YoY, but EBITDA margin contracted to 8.1% due to elevated input costs and intense competition. Given subdued near-term margin outlook, delayed cell commissioning and significant capex commitments, we downward revise our FY27 earnings estimates by 42% while maintaining an Accumulate rating with a revised target price of INR 173.
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