Emmvee Photovoltaic Power Reports 193% YoY H1 Revenue Surge to ₹ 2,159 Crore; PAT Jumps Nearly 7x

Emmvee Photovoltaic Power Limited, a leading Indian renewable energy company, reported its un-audited consolidated financial results for the second quarter (Q2 FY26) and half-year (H1 FY26) ended September 30, 2025. The company witnessed a significant surge in demand for high-efficiency solar modules, driving a 193% year-on-year increase in H1 revenue. The strong topline performance was complemented by operational efficiencies, resulting in significant EBITDA margin expansion. Subsequent to the quarter end, Emmvee successfully completed its Initial Public Offering (IPO), raising a total of ₹ 2,900 Crore. A large part of the IPO proceeds have been used to repay about ₹ 1,621 crore of long-term debt, strengthening the balance sheet and lowering interest costs. The rest will go toward general corporate purposes, which will optimise working capital needs, thus further reducing finance costs.