Emmvee Photovoltaic Power Ltd

Emmvee Photovoltaic Power Ltd announced board approval for the appointment of M/s. Murthy & Co. LLP as Cost Auditors for FY 2026-27. Additionally, the board approved the re-appointment of Director Mr. Suhas Donthi Manjunatha, who is liable to retire by rotation, subject to member approval at the upcoming Annual General Meeting. The company also provided details as per SEBI regulations regarding these appointments, including a brief profile of the cost audit firm and confirmation of the director's eligibility. The intimation is available on the company's website.

Emmvee Photovoltaic Power Ltd has submitted its Monitoring Agency Report for the quarter ended June 30, 2026, detailing the utilization of funds raised through its public issue of equity shares. The report, prepared by CARE Ratings Limited, confirms that there have been no deviations from the stated objects of the issue. The total issue size aggregated to Rs. 2143.86 crore. The company has also uploaded this report on its website for public dissemination, adhering to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Emmvee Photovoltaic Power Ltd. reported a record first quarter for FY27, with Profit After Tax (PAT) more than doubling year-on-year to ₹380.3 crore, up 103%. Revenue from operations grew 51% YoY to ₹1,555.5 crore. The company achieved all-time high EBITDA margins of 35.2% and PAT margins of 24.2%. Production volumes also saw significant increases, with modules up 53% YoY to 970 MW and cells up 26% YoY to 454 MW. The order book reached an all-time high of 9.9 GW. The company is progressing with its 6 GW integrated expansion and evaluating a potential 9 GW ingot and wafer manufacturing facility.

Emmvee Photovoltaic Power Ltd announced its unaudited financial results for the quarter ended June 30, 2026. The results, which are both standalone and consolidated, were approved by the Board of Directors at a meeting held on July 15, 2026. The company also confirmed that the Statutory Auditors issued a Limited Review Report with an unmodified opinion. The financial results will be available on the company's website.

Emmvee Photovoltaic Power Ltd announced that its Board of Directors, in a meeting held on July 15, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The results, which are standalone and consolidated, were accompanied by a Limited Review Report with an unmodified opinion from the Statutory Auditors. The Audit Committee had previously reviewed and recommended these results to the Board. The financial results will be available on the company's website.

Emmvee Photovoltaic Power Ltd has announced that its Board of Directors will convene on July 15, 2026. The primary agenda item for this meeting is to consider and approve the unaudited standalone and consolidated financial results for the quarter ending June 30, 2026. Additionally, the company has confirmed that the trading window for designated persons will remain closed until 48 hours after the financial results are officially intimated to the stock exchanges.

Emmvee Photovoltaic Power Ltd has announced the closure of its trading window for dealing in the company's securities. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The trading window will be effective from Wednesday, July 1, 2026, and will reopen 48 hours after the announcement of the company's unaudited financial results for the quarter ending June 30, 2026. All designated persons and their immediate relatives are prohibited from trading in the company's securities during this period.

Emmvee Photovoltaic Power Ltd announced the resignation of its Chief Manufacturing Officer, Mr. N Devendiran, effective June 15, 2026, due to personal reasons. Mr. Dinesh B Shenoy, General Manager – Solar Cells Manufacturing, will assume the responsibilities of the Chief Manufacturing Officer role with immediate effect. The company has provided details of both individuals as per SEBI regulations.

Emmvee Photovoltaic Power Ltd's monitoring agency report by CARE Ratings Limited for the quarter ended March 31, 2026, indicates no deviations from the objects of the public issue. The report, submitted in compliance with SEBI regulations, provides an objective view of the utilization of issue proceeds based on information provided by the issuer and sources believed to be reliable. The IPO size was ₹2143.86 crore.

Emmvee Photovoltaic Power Ltd announced strong financial results for FY2026 and Q4 FY2026. For the full year, revenue from operations surged 116% year-on-year to ₹5,050 crore, while EBITDA grew 140% to ₹1,734.4 crore. Profit after tax (PAT) more than tripled, increasing 193% year-on-year to ₹1,081.6 crore. EBITDA margin improved to 34% and PAT margin to 21%. Q4 FY2026 also saw robust growth, with revenue at ₹1,738.8 crore (+62% YoY) and PAT at ₹392.4 crore (+89% YoY). The performance was driven by higher production volumes, solar cell operations, module capacity expansion, operating leverage, and lower finance costs. The company also announced plans for a new 6 GW integrated cell and module manufacturing facility, targeting 16.3 GW module and 8.94 GW cell capacity by FY2028, with IREDA sanctioning a ₹3,306 crore term loan.