Emmvee Photovoltaic Power LimitedEMMVEECorporate

Technology Solar Latest results: Sep 2026 7 quarters of data

₹277.20

MCap ₹19,192 Cr · P/E 13.5

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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.

₹1,576 Cr

Sales · Sep 2026

+39.4% YoY

₹557 Cr

Operating Profit · Sep 2026

+39.4% YoY

35.3%

OPM % · Sep 2026

+0.0% YoY

₹382 Cr

Net Profit · Sep 2026

+60.6% YoY

—

EPS · Sep 2026

📝 Emmvee Photovoltaic Power Limited — results explained

Quarter ended September 2026 (Q2 FY27)

Emmvee Photovoltaic Power Limited reported revenue of ₹1,576 crore for the quarter ended September 2026 (Q2 FY27), up 39.4% from ₹1,131 crore in the same quarter last year, and up 1.3% sequentially over the June 2026 quarter.

Net profit rose 60.6% year-on-year to ₹382 crore, from ₹238 crore.

Operating profit stood at ₹557 crore — an operating margin (OPM) of 35.3%, compared with 35.3% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Emmvee Photovoltaic Power Limited posted revenue of ₹5,050 crore, with a net profit of ₹1,081 crore.

On a trailing-twelve-month (TTM) basis, revenue stands at ₹6,023 crore with a net profit of ₹1,418 crore.

Valuation snapshot

At the current price of ₹277.20, EMMVEE has a market capitalisation of ₹19,192 crore and a trailing P/E of about 13.5.

Within the Solar industry, it is the 3rd-largest of the 5 companies we track by market value.

Shareholding pattern

As of Jun 2026, promoters held 80.03%, foreign institutional investors (FIIs) 2.92%, domestic institutional investors (DIIs) 9.80%, public shareholders 7.25% of Emmvee Photovoltaic Power Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close

Valuation

Market Cap ?

₹19,192 Cr

Current Price ?

₹277.2

P/E ?

13.54below ind

Industry P/E ?

16.20

P/B ?

4.37

P/S ?

3.19

P/FCF ?

N/A

Enterprise Value ?

₹20,300 Cr

EV/EBITDA ?

9.72

PEG ?

N/A

Earnings Yield ?

8.7%

Dividend Yield ?

N/A

Profitability & Returns

Sales (TTM) ?

₹6,023 Cr

OPM ?

34.7%

Profit after tax (TTM) ?

₹1,418 Cr

EPS (TTM) ?

₹20.48

ROCE ?

N/A

ROE ?

32.3%

ROA ?

20.7%

Growth

Sales — latest qtr ?

₹1,576 Cr

PAT — latest qtr ?

₹382 Cr

YoY qtr sales growth ?

39.4%

YoY qtr profit growth ?

60.6%

Sales growth (3y) ?

N/A

Sales growth (5y) ?

N/A

Profit growth (3y) ?

N/A

Profit growth (5y) ?

N/A

Financial Health

Debt ?

₹1,108 Cr

Debt to Equity ?

0.25

Interest Coverage ?

9.3

Current Ratio ?

N/A

Ownership

Promoter holding ?

80.03%

Change in promoter holding ?

0.00%

Pledged percentage ?

N/A

Market

Return 3 months ?

-19.7%

Return 6 months ?

4.4%

🗓️ Quarterly results (7 quarters · ₹ Cr)

same fiscal quarter as Sep bestweakest per row · for costs (interest, NPAs) low is best Highlight

Metric	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026	YoY %	QoQ %
Sales	1,072	1,028	1,131	1,152	1,739	1,556	1,576	+39.4%	+1.3%
Operating Profit	361	350	399	413	571	548	557	+39.4%	+1.6%
Other Income	3	14	18	16	5	16	2	-86.4%	-84.8%
Interest	46	53	55	33	13	11	10	-82.8%	-14.2%
Depreciation	66	72	71	74	79	84	85	+19.4%	+0.8%
Profit Before Tax	253	240	292	322	484	470	465	+59.5%	-0.9%
Net Profit	207	188	238	264	392	380	382	+60.6%	+0.5%
EPS	38.39	3.16	4.01	4.11	5.67	5.49	—	—	—
OPM %	33.7%	34.0%	35.3%	35.9%	32.8%	35.2%	35.3%	+0.0%	+0.3%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric	Prev FY	FY26	TTM	YoY %
Sales	—	₹5,050 Cr	₹6,023 Cr	—
Operating Profit	—	₹1,734 Cr	₹2,089 Cr	—
OPM %	—	34.33%	34.69%	—
NPM %	—	21.41%	23.54%	—
Other Income	—	₹53 Cr	₹40 Cr	—
Depreciation	—	₹296 Cr	₹321 Cr	—
Interest	—	₹155 Cr	₹67 Cr	—
EBIT	—	₹1,438 Cr	₹1,768 Cr	—
PBT	—	₹1,337 Cr	₹1,741 Cr	—
Tax	—	₹112 Cr	₹231 Cr	—
Net Profit	—	₹1,081 Cr	₹1,418 Cr	—
EPS	—	₹16.95	₹15.27	—
Material Cost	—	₹1,596 Cr	₹2,704 Cr	—
Employee Cost	—	₹79 Cr	₹107 Cr	—
Extraordinary Items	—	—	—	—

🏛️ Balance Sheet (latest 1 periods)

Metric	Sep 2026	% Chg
Equity Capital	138	—
Reserves	4,252	—
Borrowings	1,108	—
Other Liabilities	1,342	—
Total Liabilities	6,841	—
Fixed Assets	2,638	—
CWIP	213	—
Investments	33	—
Other Assets	3,957	—
Total Assets	6,841	—

📦 Working Capital (latest 1 periods)

Metric	Sep 2026	% Chg
Inventories	1,884	—
Trade Receivables	819	—
Trade Payables	423	—

💧 Half-year Cash Flow (latest 1 periods)

Metric	Sep 2026	% Chg
Cash from Operating Activity	410	—
Cash from Investing Activity	-974	—
Cash from Financing Activity	701	—
Net Cash Flow	137	—

👥 Shareholding (latest 1 periods)

Metric	Jun 2026	% Chg
Promoters	80.03%	—
FIIs	2.92%	—
DIIs	9.80%	—
Public	7.25%	—
No. of Shareholders	1,32,931	—

⚖️ Peer comparison

Industry: Solar · 5 companies · full page →

#	Company	CMP	MCap (Cr)	P/E	Sales TTM	NP TTM	OPM%	NPM%	Sales YoY%	NP YoY%	Qtr Rev Δ%	Qtr NP Δ%
1	WAAREEENER WAAREE ENERGIES	₹2,501.00	71,942	18.8	30,042	4,003	21.1%	13.3%	83.7%	101.4%	79.2%	15.4%
2	PREMIERENE PREMIER ENERGIES	₹974.20	43,980	26.2	8,466	1,674	30.0%	19.8%	20.0%	61.1%	35.3%	53.3%
3	EMMVEE EMMVEE PHOTOVOLTAIC	₹344.80	23,872	16.5	6,023	1,418	34.7%	23.5%	—	—	39.4%	60.6%
4	INA Insolation Energy	₹92.06	2,029	10.4	2,525	196	12.0%	7.8%	—	—	104.6%	-11.6%
5	KARAMTARA Karamtara Engineering	₹395.40	—	—	—	—	—	—	—	—	72.2%	45.6%

❓ Frequently asked questions

What was Emmvee Photovoltaic Power Limited's revenue in Q2 FY27?

What was Emmvee Photovoltaic Power Limited's net profit in Q2 FY27?