Emmvee Photovoltaic Power Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Emmvee Photovoltaic Power Limited has reported audited financial results for the quarter and year ended March 31, 2026. On a standalone basis, revenue from operations declined to Rs 1,07,455.87 lakhs from Rs 1,76,340.12 lakhs in the previous year, representing a significant drop. However, profit after tax remained relatively stable at Rs 15,574.87 lakhs versus Rs 16,192.40 lakhs. On a consolidated basis, the company showed stronger performance with revenue of Rs 5,04,917.73 lakhs (up from Rs 2,36,031.54 lakhs) and PAT of Rs 39,564.95 lakhs (up from Rs 20,713.62 lakhs). The statutory auditors issued an unmodified opinion on both standalone and consolidated results. The Board has recommended a final dividend of Rs 1 per equity share (50% on face value of Rs 2) for FY 2025-26, subject to shareholder approval at the AGM.
The standalone revenue decline of approximately 39% is a concern, though the company maintained profitability through cost management. The strong consolidated growth appears driven by the subsidiary operations and recent IPO proceeds. The dividend recommendation indicates the board's confidence, but investors should monitor the standalone revenue trajectory.