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Earnings Call

Emmvee Photovoltaic Power Earnings Call: Key Takeaways

Emmvee Photovoltaic completed its transition to a public company in FY26, delivering triple-digit revenue growth driven by massive cell and module capacity expansion.

Why this was an Alfa AlertNot a filter event; results are record-breaking but no comparison to specific prior guidance was provided.
Highlights
Revenue growth₹5,049cr revenue, 166% YoY growth driven by volume expansion.
MarginsEBITDA margins expanded to 34% from 31% YoY.
Order bookHealthy order book of 9.4GW, up from 4.9GW YoY.
Demand visibilityStrong visibility through PM Surya Ghar and PM Kusum schemes.
Management confidenceHigh; focused on vertical integration and technology leadership with TopCon.

Growth

Revenue surged 166% YoY to ₹5,049cr; PAT grew 193% to ₹1,082cr via cell-module integration.

Outlook

Targeting 16.3GW module and 8.9GW cell capacity by end of FY27 with ₹3,306cr loan.

Risks

High reliance on DCR/ALMM policy shifts; inventory buildup and competitive pricing pressure from China.

Source

Earnings Call filed with NSE, NSE: EMMVEE. Summary written with AI assistance from the document.

Read the document ↗

Emmvee Photovoltaic Power Ltd: key numbers

Share price
₹265.80
Market cap
₹18,403 Cr
Revenue (annual)
₹5,050 Cr
Net profit (annual)
₹1,082 Cr
P/E (TTM)
13.0×Sector 44.3×
Promoter holding
80.03%+0.00% QoQ
FII holding
2.19%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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