Emmvee Photovoltaic Reports 89% Surge in Q4 Profit After Tax
Emmvee Photovoltaic rallies after PAT surges 89% YoY in Q4
Business Standard
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Emmvee Photovoltaic Power's profit after tax surged 89% year-on-year to ₹392.4 crore for Q4 FY2026, driven by increased production and operational efficiencies. The company also reported a 62% rise in consolidated revenue, reaching ₹1,738.8 crore. This strong performance reflects the benefits of expanded capacity and reduced finance costs.
- 01Profit after tax increased by 89% year-on-year to ₹392.4 crore in Q4 FY2026.
- 02Consolidated revenue rose 62% year-on-year to ₹1,738.8 crore.
- 03EBITDA for the quarter was ₹571.1 crore, up 58% year-on-year.
- 04The company's net debt-to-equity ratio improved to (0.06)x, indicating a net cash position.
- 05Order book reached 9.4 GW at the end of FY2026, with new inflows of 1.27 GW in Q4.
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Emmvee Photovoltaic Power saw a notable 89% increase in profit after tax, amounting to ₹392.4 crore for the fourth quarter of FY2026, compared to the same period last year. The company's consolidated revenue from operations surged to ₹1,738.8 crore, marking a 62% year-on-year growth and a 51% increase from the previous quarter. EBITDA for Q4 stood at ₹571.1 crore, reflecting a 58% rise year-on-year, although the EBITDA margin slightly decreased to 33% from 34% in Q4 FY2025. For the full fiscal year, Emmvee reported consolidated revenue of ₹5,050 crore, up 116% year-on-year, with a profit after tax of ₹1,081.6 crore, a remarkable 193% increase. The company attributed its strong performance to higher production volumes, the full-year impact of solar cell operations, and improved operational efficiencies. As of March 31, 2026, Emmvee maintained a net cash position with a net debt-to-equity ratio of (0.06)x and an order book of 9.4 GW.
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The company's strong financial results indicate robust growth in the renewable energy sector, which could lead to more job opportunities and investments in solar energy in India.
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