Emmvee Photovoltaic Power Limited , a leading solar module and cell manufacturer, has reported exceptional financial results for the second quarter of fiscal year 2026 (Q2FY26), showcasing robust growth and improved profitability.

Key Highlights

• Revenue surged to ₹1,131 crore, marking a 181% year-on-year growth
• EBITDA reached ₹399 crore with a margin of 35%
• PAT stood at ₹238 crore, representing a 21% margin
• Repaid ₹1,621 crore of long-term debt from IPO proceeds
• Maintains over 5GW confirmed order book

Financial Performance

Emmvee Photovoltaic Power Limited demonstrated impressive financial performance in Q2FY26:

The company's significant revenue growth can be attributed to increased capacity and improved utilization. This substantial improvement in top-line performance has translated into enhanced profitability, as evidenced by the strong EBITDA and PAT margins.

Operational Strengths

Emmvee's performance is underpinned by several operational factors:

1. Robust Order Book: With a confirmed order book of over 5GW, Emmvee has secured a strong pipeline of future revenue.

2. Debt Reduction: The company has significantly improved its financial position by repaying ₹1,621 crore of long-term debt using proceeds from its IPO.

3. Future Expansion: Emmvee expects its new 6GW integrated cell and module facility to be operational by March-April 2027, indicating continued growth plans.

Future Outlook

Emmvee Photovoltaic Power Limited's Q2FY26 performance, coupled with its substantial order book and debt reduction, positions the company strongly in the competitive solar energy market. The planned 6GW integrated facility suggests that the company is preparing for future growth.

Investors may want to monitor how the company leverages its improved financial position and whether it can maintain the high EBITDA and PAT margins as it expands its operations. The timely completion and successful integration of the new 6GW facility will be crucial for the company's future growth trajectory.

As the renewable energy sector continues to expand, Emmvee's strong financial performance, debt reduction, and expansion plans make it a company of significant interest in the solar manufacturing space.

Emmvee Photovoltaic Power has submitted the e-voting results and scrutinizer's report for its postal ballot process to BSE Limited and National Stock Exchange of India Limited under Regulation 44 of SEBI Listing Regulations. Both special resolutions related to the Employee Stock Option Scheme 2025 (ESOS-2025) were approved with overwhelming shareholder support.

Postal Ballot Results Summary

The company successfully concluded its postal ballot process with both resolutions receiving strong approval from shareholders:

Detailed Voting Analysis

The postal ballot witnessed significant participation across different shareholder categories with detailed voting breakdown:

Voting Process Framework

The postal ballot was conducted entirely through remote e-voting managed by National Securities Depository Limited (NSDL) with comprehensive regulatory compliance:

ESOS-2025 Scheme Details

The approved Employee Stock Option Scheme encompasses up to 35.00 lakh stock options. The first resolution ratified the ESOS-2025 scheme following the company's recent listing on NSE and BSE, while the second resolution extended these benefits to employees of subsidiary companies, broadening the scheme's reach across the corporate group.

Regulatory Compliance and Documentation

The postal ballot process was conducted in accordance with Section 108 and 110 of the Companies Act, 2013, and SEBI Listing Regulations. Scrutinizer Pramod S M from BMP & Co. LLP confirmed that all procedural requirements were met and both resolutions were passed with the requisite majority for special resolutions. The voting results and scrutinizer's report are available on the company's website and NSDL's e-voting platform for stakeholder reference.