Emmvee Photovoltaic Power Limited has informed the Exchange about Investor Presentation
EMMVEE · price
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Emmvee Photovoltaic Power reported strong FY26 results with revenue of ₹50,499 million (up 116% YoY), EBITDA of ₹17,344 million (up 140%), and PAT of ₹10,816 million (up 193%). EBITDA margin expanded to 34% from 31% in FY25, while PAT margin improved to 21% from 16%. The company completed its IPO in November 2025 raising ₹2,900 crore and materially deleveraged the balance sheet, achieving a net cash position (Net Debt/Equity of -0.06x). Order book doubled from 4.9 GW to 9.4 GW during FY26, including a 4.5 GW TOPCon cell order valid through 2030. The company targets 9.4 GW annual installed capacity by FY28 through a new 6 GW integrated facility at Devanahalli, supported by an IREDA term loan of ₹33,060 million. Capacity utilization for cells reached 79% in Q4 FY26.
The sharp improvement in margins (EBITDA at 34%, PAT at 21%) and near-tripling of PAT reflects successful scaling of integrated manufacturing operations. The near-net cash balance sheet and strong order book provide revenue visibility through 2030, positioning the stock favorably for growth-focused investors.