| Revenue growth | 116% YoY growth in FY26 to ₹5,049 crores. |
|---|---|
| Margins | EBITDA margin expanded to 34% from 31% YoY. |
| Order book | 9.4 gigawatt as of March 31, 2026. |
| Demand visibility | Strong; order book increased from 4.9GW to 9.4GW YoY. |
| Management confidence | High; citing transition to listed status and successful capacity scaling. |
Growth
FY26 revenue grew 116% YoY; EBITDA increased 140% and PAT rose 193% on higher module production and cell utilization.
Outlook
Expanding to 16.3GW module and 8.9GW cell capacity by end of FY27; entering 9GW ingot-wafer production in FY29.
Risks
Potential ALMM deadline shifts, volatile commodity cycles, and intense competition as technology evolves.
Earnings Call filed with NSE, NSE: EMMVEE. Summary written with AI assistance from the document.
Emmvee Photovoltaic Power Ltd: key numbers
- Share price
- ₹321.90
- Market cap
- ₹22,287 Cr
- Revenue (annual)
- ₹5,050 Cr
- Net profit (annual)
- ₹1,082 Cr
- P/E (TTM)
- 17.5×Sector 45.9×
- Promoter holding
- 80.03%+0.00% QoQ
- FII holding
- 2.92%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Emmvee Photovoltaic Power Ltd
All →Emmvee Photovoltaic Power Other Announcement
The company confirms that there are no changes to the previously submitted Annual Report 2025-26, as required under Regulation 34(1)(b).
Emmvee Photovoltaic Power Annual General Meeting
Emmvee Photovoltaic Power Limited held its 19th Annual General Meeting on September 25, 2026, transacting ordinary and special business as per the notice.
Emmvee Photovoltaic Power Management Change
Emmvee Photovoltaic Power Ltd appointed Mr. Murugesh C as Company Secretary and Compliance Officer, replacing Mr. Nagaraj Shrinivas Ronad, effective September 22, 2026.
Emmvee Photovoltaic Power Dividend
Emmvee Photovoltaic Power Limited has fixed September 18, 2026, as the record date for the dividend of Re. 1.00 per share for FY 2025-26.
Emmvee Photovoltaic Power Annual Report
Emmvee Photovoltaic Power Limited has submitted its Annual Report for FY 2025-26 and the Notice convening its 19th Annual General Meeting.
Emmvee Photovoltaic Power Annual General Meeting
Emmvee Photovoltaic Power Limited will hold its 19th Annual General Meeting on September 25, 2026, via video conferencing to transact business.