Emmvee Photovoltaic Power Limited Q2 FY27 results press release summary

Results press release of 14 Oct 2026, summarised by AI from the filing.

Emmvee H1 FY27 revenue up 45.1% to ₹3,131.9 cr and PAT up 79.1% to ₹762.3 cr; 6 GW module line expected by December 2026.

Key takeaways

1. H1 results Revenue ₹3,131.9 cr, up 45.1%; EBITDA ₹1,105.0 cr, up 47.4%; PAT ₹762.3 cr, up 79.1%.
2. Commissioning 6 GW module line expected by December 2026 and 6 GW cell line by March 2027.
3. Order book 10.4 GW at end of Q2 FY27, with new inflows of approximately 1.5 GW during the quarter.
4. Backward integration Plans 9 GW ingot and wafer capacity, 5 GW in FY29 and 4 GW in FY30, subject to ALMM III clarity.
5. Risk Ingot and wafer expansion subject to regulatory clarity on ALMM III implementation timelines and market conditions.

Original filing on BSE

Emmvee Photovoltaic Power Limited Q2 FY27 results

As filed: Revenue ₹1,576 cr (+39% year on year), EBITDA ₹557 cr (+39% year on year), PAT ₹382 cr (+61% year on year), EBITDA margin 35.3% (−4 bps).

The Q2 FY27 score, against the company's own trend, is for premium members.

Earlier results and the share price after them

• Q1 FY27: Revenue ₹1,556 cr, EBITDA ₹548 cr, PAT ₹380 cr, EBITDA margin 35.2%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,556 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: −4.8% in 30 days (Nifty 500: +1.4%).
• Q4 FY26: Revenue ₹1,739 cr, EBITDA ₹571 cr, PAT ₹392 cr, EBITDA margin 32.8%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,739 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: +14.6% in 29 days (Nifty 500: +0.9%).
• Q3 FY26: Revenue ₹1,152 cr, EBITDA ₹413 cr, PAT ₹264 cr, EBITDA margin 35.9%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,152 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: −3.7% in 29 days (Nifty 500: −0.7%).
• Q2 FY26: Revenue ₹1,131 cr, EBITDA ₹400 cr, PAT ₹238 cr, EBITDA margin 35.4%. Not scored. No consolidated results for the same quarter last year to compare yet (consolidated revenue ₹1,131 cr). Scored once a year-earlier consolidated quarter exists. Share price after the results: −12.1% in 30 days (Nifty 500: −0.2%).

Past price moves after results do not indicate future moves. Not a recommendation.

Emmvee Photovoltaic Power Limited earnings call, investor presentation and press release summaries

• Q2 FY27: Results deck (14 Oct 2026), Results press release (14 Oct 2026)
• Q1 FY27: Earnings call (16 Jul 2026), Results deck (15 Jul 2026), Results press release (15 Jul 2026)
• Q4 FY26: Earnings call (29 Apr 2026), Results deck (28 Apr 2026), Results press release (28 Apr 2026)
• Q3 FY26: Earnings call (16 Jan 2026), Results deck (15 Jan 2026), Results press release (15 Jan 2026)
• Q2 FY26: Earnings call (2 Dec 2025), Results deck (2 Dec 2025), Results deck (2 Dec 2025), Results press release (1 Dec 2025)