Latest news about Emmvee Photovoltaic Power
Jefferies Maintains Buy Rating on Emmvee with Target Price of ₹360
Emmvee Photovoltaic Power
328.95
-8.30(-2.46%)
Company Performance:
View Company Insights1D-2.46%
1M+13.33%
6M+74.58%
1Y+49.93%
5Y+49.93%
More news about Emmvee Photovoltaic Power
01May 26
Emmvee Photovoltaic Power Q4 FY26 Results Strong, Dividend Announced
Emmvee Photovoltaic Power Limited has delivered impressive financial performance for Q4 FY26, with net profit growing 89.37% to ₹392.38 crore and revenue increasing 62.52% to ₹1,743.84 crore. The Board of Directors has recommended a final dividend of Re.1 per equity share (50% of face value), subject to shareholder approval at the Annual General Meeting. The company submitted newspaper clippings of audited financial results to stock exchanges on April 30, 2026, under Regulation 47 of SEBI LODR Regulations, with publications in The Economic Times and Vijaya Karnataka.
30Apr 26
EMMVEE Photovoltaic Announces Major Capacity Expansion and Strategic Roadmap for FY27
EMMVEE Photovoltaic Power has announced comprehensive expansion plans for FY27, including a new 6 gigawatt manufacturing facility that will bring total capacity to 16.3 gigawatt for modules and 8.9 gigawatt for cells. The company plans to transition to G12R cell production technology while maintaining strong operational efficiency and EBITDA margins. Additionally, EMMVEE has revealed ambitious plans for a 9 gigawatt ingot and wafer facility with phased implementation targeting FY29, requiring an estimated investment of INR600-700 crores per gigawatt.
29Apr 26
Emmvee Photovoltaic Projects EBITDA Growth to ₹3,000 Crore by FY28
Emmvee Photovoltaic Power has announced strong financial projections, expecting EBITDA between ₹2,200-₹2,400 crore in FY27, rising to ₹3,000 crore in FY28. These targets reflect the company's confidence in its growth strategy and market positioning in the photovoltaic sector, indicating substantial year-on-year expansion plans.
29Apr 26
Jefferies Issues Buy Rating for Emmvee Photovoltaic Power with ₹350 Target Price on Strong Q4 Performance
Jefferies has initiated a Buy rating on Emmvee Photovoltaic Power with a ₹350 target price, citing strong Q4 results with EBITDA up 13% and PAT up 17%. The recommendation is supported by robust order book visibility through FY27-1HFY28, a net-debt-free balance sheet despite ongoing capex, projected 26% EBITDA CAGR, and an attractive 35% valuation discount to peers amid expected power demand recovery.
17Mar 26
Emmvee Photovoltaic Power Clarifies Media Article on Renewable Energy Demand and Data Centres
Emmvee Photovoltaic Power Limited clarified to stock exchanges that statements in a recent media article about renewable energy demand and data centres were general industry commentary from routine management interactions. The company confirmed no unpublished price sensitive information was disclosed and all company-specific details mentioned are already publicly available through previous disclosures. The company stated the article has no material impact and reaffirmed its commitment to regulatory compliance under SEBI regulations.
17Mar 26
Emmvee Photovoltaic Power Limited Receives Rs 5.36 Crore Penalty from Customs Authority
Emmvee Photovoltaic Power Limited has disclosed receiving a penalty order from the Commissioner of Customs, Bengaluru, imposing Rs 5,35,98,959 in penalties along with additional fines totaling Rs 2,32,00,000. The order, received on March 16, 2026, relates to alleged violations involving preferential duty rate benefits under customs notification. The company plans to appeal the decision and states it will not have material financial impact on operations.
25Feb 26
Emmvee Photovoltaic Power Confirms No Impact from US Countervailing Duties on Solar Imports
Emmvee Photovoltaic Power Limited filed a regulatory disclosure on February 25, 2026, confirming that US countervailing duties on solar imports from India have no impact on its business operations. The company's integrated manufacturing is primarily aligned to domestic demand, with strong focus on the Indian market providing insulation from external trade developments. Emmvee remains focused on scaling high-efficiency manufacturing to serve India's expanding renewable energy market.
10Feb 26
Emmvee Photovoltaic Power Limited Submits Q3FY26 Monitoring Agency Report for IPO Fund Utilization
Emmvee Photovoltaic Power Limited submitted its Q3FY26 monitoring agency report showing utilization of Rs 1977.10 crore from its Rs 2143.86 crore IPO proceeds. The company fully utilized Rs 1621.29 crore for debt repayment and Rs 336.14 crore for general corporate purposes, with Rs 166.76 crore remaining unutilized and invested in fixed deposits and bank accounts.
07Feb 26
Emmvee Photovoltaic Power Receives Favorable GST Order, Concludes Matter Without Financial Liability
Emmvee Photovoltaic Power Limited has received a favorable order from the Deputy Commissioner of State Tax, Nagpur, dated February 06, 2026, concluding a GST matter without any financial demand. The matter involved discrepancies of ₹121.32 million (including interest) in GST returns that were disclosed in the company's November 14, 2025 prospectus. The favorable resolution eliminates any potential financial liability and demonstrates successful regulatory compliance.
23Jan 26
Emmvee Photovoltaic Power Receives Credit Rating Upgrade from ICRA
Emmvee Photovoltaic Power Limited received a credit rating upgrade from ICRA Limited on January 23, 2026, with its long-term fund-based term loan rating improved from A-(Stable) to A(Stable). The rating agency also reaffirmed multiple other ratings for the company and its wholly owned subsidiary Emmvee Energy Private Limited across various credit facilities. The upgrade demonstrates enhanced creditworthiness and financial stability of the solar energy company and its subsidiary operations.
16Jan 26
Emmvee Photovoltaic Power Limited Makes Q3FY26 Earnings Call Audio Available
Emmvee Photovoltaic Power Limited has made its Q3FY26 earnings conference call audio recording available on the company website following the call held on January 16, 2026. The disclosure complies with SEBI Regulation 30 requirements and provides investors direct access to the earnings discussion through the company's official website.
16Jan 26
Emmvee Photovoltaic Power Reports Strong Q3 FY26 Results; Revenue Surges 118% YoY
Emmvee Photovoltaic Power reported outstanding Q3 FY26 financial performance with revenue from operations rising 118% year-on-year to ₹11,500 crores. The company's profit after tax surged 166% to ₹2,600 crores while EBITDA grew 100% to ₹4,000 crores, though EBITDA margins compressed slightly to 35.88% from 38.23% in the previous year.
15Jan 26
Emmvee Photovoltaic Power Reports Strong Q3FY26 Performance with ₹11,679 mn Revenue
Emmvee Photovoltaic Power Limited filed its Q3FY26 investor presentation showing strong financial performance with revenue of ₹11,679 mn, EBITDA of ₹4,134 mn at 35.9% margin, and PAT of ₹2,636 mn. The company maintains robust operational metrics with 10.3 GW module capacity, 2.94 GW cell capacity, and a substantial order book of 9.3 GW including 4.5 GW multi-year contracts.
15Jan 26
Emmvee Photovoltaic Power Reports Strong Q3FY26 Results with 165% YoY Growth
Emmvee Photovoltaic Power delivered outstanding Q3FY26 financial performance with consolidated revenue reaching ₹1,15,225.17 lakhs, representing 118% year-over-year growth, and net profit surging 165% to ₹26,363.78 lakhs. The company's EBITDA doubled from ₹2.00 billion to ₹4.00 billion year-over-year, demonstrating strong operational scale expansion despite a slight margin compression from 38.23% to 35.88%.
15Jan 26
Emmvee Photovoltaic Power Limited Updates Corporate Identification Number Following Stock Exchange Listing
Emmvee Photovoltaic Power Limited has updated its Corporate Identification Number from U26101KA2007PLC042197 to L26101KA2007PLC042197 following approval from the Ministry of Corporate Affairs. This change was necessitated by the company's listing on BSE Limited and National Stock Exchange of India Limited, representing standard regulatory compliance for publicly listed entities. The company formally notified both stock exchanges on January 15, 2026, and has made this information available on its investor relations website.
13Jan 26
Emmvee Photovoltaic Power Limited Schedules Q3FY26 Earnings Conference Call for January 16, 2026
Emmvee Photovoltaic Power Limited has scheduled its Q3FY26 earnings conference call for January 16, 2026 at 4:00 PM IST via Microsoft Teams platform. The virtual session is open to all investors and analysts, with key management including Chairman MD Mr. Manjunatha D V, President CEO Mr. Suhas Donthi Manjunatha, and CFO Mr. Pawan Kumar Jain participating. The company notified exchanges under SEBI Regulation 30, with presentation materials to be available post-results declaration.
07Jan 26
Emmvee Photovoltaic shares surge 17% in 2 sessions on Jefferies Buy rating
Emmvee Photovoltaic shares surged 17% over two sessions after Jefferies initiated coverage with a Buy rating and ₹320.00 target price, citing 60% upside potential. The brokerage projects India's solar installations to grow at 24% CAGR between FY25-FY28, reaching 65 GW by FY28. Emmvee's early adoption of TOPCon technology and aggressive capacity expansion plans position it well in the growing market, with projected 56% EBITDA CAGR over FY25-FY28.
06Jan 26
Emmvee Photovoltaic Shares Surge As Jefferies Initiates First Buy Call With ₹320 Target
Emmvee Photovoltaic Power shares surged 5.46% following Jefferies' initiation of coverage with a buy rating and ₹320 price target, indicating 73% upside potential. The brokerage projects India's solar installations to grow at 24% CAGR over FY25-28, reaching 65GWdc from 34GWdc. Emmvee is positioned as a technological leader with 3GW operational TOPCon cell capacity since September 2024, trading at 50% discount to peers despite superior technology and policy-driven market protection.
02Jan 26
Emmvee Photovoltaic Power Submits ESOS-2025 Postal Ballot Results to Exchanges
Emmvee Photovoltaic Power has successfully submitted e-voting results to BSE and NSE for its postal ballot process, where shareholders approved both ESOS-2025 related resolutions with 90.83% majority. The scheme covers 35 lakh stock options and extends benefits to subsidiary employees, demonstrating strong stakeholder confidence in the company's employee incentive strategy.
22Dec 25
Emmvee Photovoltaic Power Commences 2.5 GW Solar Module Production at New Bengaluru Facility
Emmvee Photovoltaic Power Limited has officially started operations at its new Unit VI facility in Bengaluru with a 2.5 GW solar module production line. This expansion increases the company's total manufacturing capacity to 10.3 GW, strengthening its position in India's growing solar energy market.
17Dec 25
EMMVEE Photovoltaic Power Receives Possession Certificate from KIADB for 100 Acres of Land
Emmvee Photovoltaic Power has obtained a possession certificate from the Karnataka Industrial Areas Development Board (KIADB) for 100 acres of land. This acquisition provides the solar equipment manufacturer with substantial resources for potential expansion of its manufacturing operations or project development activities in Karnataka.
17Dec 25
Emmvee Energy Receives Land Possession Certificate for 6GW Solar Manufacturing Facility
Emmvee Energy Private Limited has received possession certificate from Karnataka Industrial Areas Development Board for 100 acres of land, following earlier payment of Rs. 211.58 crore. This milestone advances the company's 6GW integrated solar module and cell manufacturing facility project in Devanahalli, Bengaluru, which is expected to enhance cost control, margin stability, and supply chain management while reducing geopolitical risks.
17Dec 25
Emmvee Energy Plans ₹8.54 Crore Investment in Clean Renewable Energy with KK 1C Pvt Ltd
Emmvee Photovoltaic Power's subsidiary, Emmvee Energy, plans to invest ₹8.54 crore in the clean renewable energy sector through a strategic partnership with KK 1C Pvt Ltd. This investment aims to expand Emmvee's presence in sustainable energy solutions and leverage combined expertise with their partner.
17Dec 25
Emmvee Subsidiary Invests ₹8.54 Cr in Clean Energy SPV
Emmvee Photovoltaic Power's subsidiary, Emmvee Energy Private Limited, is investing up to ₹8.54 crores in Clean Renewable Energy KK1C Private Limited. The investment is for equity shares in a 175MW hybrid project SPV in Karnataka, as part of the Group Captive and Open Access Power Purchase Framework. The transaction is a cash deal, not a related party transaction, and requires no regulatory approvals.
08Dec 25
Emmvee Photovoltaic Reports 181% Revenue Growth in Q2 FY26, Repays Significant Debt
Emmvee Photovoltaic Power Limited achieved exceptional Q2FY26 results with revenue soaring 181% year-on-year to ₹1,131 crore. The company reported an EBITDA of ₹399 crore (35% margin) and PAT of ₹238 crore (21% margin). Emmvee repaid ₹1,621 crore of long-term debt using IPO proceeds and maintains a 5GW+ confirmed order book. A new 6GW integrated cell and module facility is expected to be operational by March-April 2027, indicating continued expansion plans.
08Dec 25
EMMVEE Photovoltaic Power Secures Major 4.5 GWp Solar Cell Supply Contract
Emmvee Photovoltaic Power has entered into a significant agreement for the supply of 4.5 GWp of TOPCon crystalline silicon photovoltaic cells. The multi-year contract spans from December 2025 through 2030, securing a long-term supply of advanced solar technology components. This strategic move aims to enhance Emmvee's product performance and competitiveness in the growing solar energy market.
05Dec 25
Emmvee Photovoltaic Power Resubmits Financial Results Due to Typographical Errors
Emmvee Photovoltaic Power Limited has resubmitted its financial results for Q2 and H1 ended September 30, 2025, after discovering typographical errors in the print version of standalone financial statements. The errors affected the standalone numbers for FY ended March 2025 and Q2 & H1 ended September 30, 2024. The consolidated results and XBRL version remained unaffected. For Q2 2025, the company reported a consolidated Profit After Tax of ₹23,786.10 lakhs.
01Dec 25
Emmvee Photovoltaic Power Reports 583% Increase in Q2 Net Profit to ₹2.4 Billion
Emmvee Photovoltaic Power Limited, a key player in India's solar energy sector, has announced impressive Q2 FY2025-26 results. The company's net profit soared by 583% to ₹2.40 billion, up from ₹351.00 million in Q2 FY2024-25. Revenue also saw a significant boost, increasing by 182.50% to ₹11.30 billion. This performance aligns with the company's strong annual growth trend, as evidenced by its FY 2024-25 results which showed a 147.31% increase in revenue and a 1176.82% rise in net profit compared to the previous fiscal year. The company's operational efficiency has also improved, with the Operating Profit Margin for FY 2024-25 reaching 30.91%, up from 12.65% in the previous year.
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