Last Updated on December 2, 2025 by Author
Emmvee Photovoltaic Power Limited, an Indian renewable energy company and a trusted partner for solar solutions since 2007, announced its unaudited consolidated financial results for (Q2 FY26) and (H1 FY26), ended September 30, 2025.
The Board of Directors approved the results at its meeting held today in Bengaluru. This marks the Company’s first earnings announcement following its successful listing on the stock exchanges.
Key Business Updates:
• Accelerated Growth Momentum: 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.
• Successful IPO & Listing: Subsequent to the quarter end, Emmvee successfully completed its Initial Public Offering (IPO), raising a total of ₹2,900 Crore (including fresh issuance of ₹2,143.9 Crore). The equity shares were listed on the BSE and NSE on November 18, 2025.
• Balance Sheet Strength: A large part of the IPO proceeds has been used to repay about Rs 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
Manjunatha Donthi Venkatarathnaiah, Chairman and Managing Director, Emmvee Photovoltaic Power Limited, said, “We are delighted to report a historic first half for Emmvee, characterised by record financial performance and our successful transition into a publicly listed entity. Delivering a nearly 7x growth in Profit After Tax for the first half of the year is a testament to our robust manufacturing capabilities and the trust our customers place in our high-quality solar solutions. With the successful completion of our IPO, we are better capitalised than ever to execute our expansion strategies. As India accelerates its journey towards 500 GW of renewable energy capacity, Emmvee is strategically positioned to capture significant market share with our advanced technology and integrated manufacturing ecosystem.”