| Management target | Revenue FY28 |
|---|
| Revenue growth | 39.4% YoY for Q2FY27 |
|---|---|
| Margins | EBITDA margin stable at 35%; PAT margin expanded to 24% |
| Order book | 10.4 GW as of Q2FY27 |
| Demand visibility | 10.4 GW order book plus 1.5 GW Q2 inflow |
| Management confidence | High; citing durable cost efficiencies and deeper integration |
Growth
Revenue grew 39% YoY in Q2FY27; PAT jumped 61% YoY supported by lower finance costs and 24% margins.
Outlook
Targeting 16.3 GW module and 8.9 GW cell capacity by FY28; ₹5,500 Cr capex for backward integration.
Risks
Upstream supply risks and dependency on China for wafers/ingots; evolving ALMM III regulatory timelines.
Last quarter's promises, checked
Delivered
- Guided 35% EBITDA margin -> delivered 35% (= BEAT)
- Guided 6 GW TOPCon expansion in progress -> module line commissioning Dec 2026/cell line Mar 2027 (= BEAT)
- Guided ~1.5 GW Q1 order inflow -> delivered 1.484 GW (= BEAT)
Partly delivered
- Guided ~10 GW order book -> delivered 9.9 GW (= PARTIAL)
Investor Presentation filed with NSE, NSE: EMMVEE. Summary written with AI assistance from the document.
Emmvee Photovoltaic Power Ltd: key numbers
- Share price
- ₹243.75
- Market cap
- ₹16,876 Cr
- Revenue (annual)
- ₹5,050 Cr
- Net profit (annual)
- ₹1,082 Cr
- P/E (TTM)
- 11.9×Sector 42.1×
- 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.
More from Emmvee Photovoltaic Power Ltd
All →Emmvee Photovoltaic Power Other Announcement
The company submitted its quarterly shareholding pattern under Regulation 31(1)(b) for the period ending September 30, 2026.
Emmvee Photovoltaic Power Earnings Call Transcript: Key Takeaways
Emmvee delivers a robust quarter with 39% revenue growth and significant interest expense reduction.
Emmvee Photovoltaic Power Results Update
Emmvee reported H1 FY27 revenue of ₹3,131.9 crore and a PAT of ₹762.3 crore. Q2 FY27 revenue grew 39% year-on-year to ₹1,576.4 crore.
Emmvee Photovoltaic Power Q2 FY27 Results: Net Profit ₹382 Cr, Up 60.6% YoY
Emmvee Photovoltaic Power Ltd reported revenue from operations of ₹1,576 Cr (+39.4% YoY) and net profit of ₹382 Cr (+60.6% YoY) for Q2 FY27.
- Key figure
- Net profit ₹382 Cr · +60.6% YoY
Emmvee Photovoltaic Power Board Meeting Date
Emmvee Photovoltaic Power Ltd will hold a board meeting on October 14, 2026, to approve Q2FY27 financial results. An earnings call follows on October 15, 2026.
Emmvee Photovoltaic Power Legal & Regulatory
Emmvee Photovoltaic Power received a favorable High Court order directing the Trial Court to dispose of its pending criminal litigation within nine months.