Emmvee Photovoltaic Power Share Price Rose 9%; Reports 193% Revenue Surge in H1 FY26 Results

Emmvee Photovoltaic Power Limited has announced its unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025, posting operational and financial growth.

Financial Performance Overview

The company reported consolidated revenue from operations of ₹1,131 crore in Q2 FY26, registering a significant 181% year-on-year increase. Total income for the quarter reached ₹1,149.4 crore. EBITDA for Q2 surged to ₹399.4 crore compared to ₹92.6 crore in the same period last year, reflecting substantial improvements in operational efficiency and economies of scale.

For the half year ended September 2025, Emmvee reported consolidated revenue of ₹2,158.8 crore, up 193% year-on-year, demonstrating sustained growth across the business. Profit After Tax for H1 FY26 surged nearly seven times to ₹425.5 crore compared to ₹62.7 crore in H1 FY25. EBITDA for the half year climbed to ₹749.9 crore from ₹159.3 crore in the previous year, highlighting strong profitability.

Operational and Business Developments

The PV module segment remained the primary growth driver, benefiting from increased demand and timely delivery of large orders. The company’s focus on high-efficiency products has strengthened its competitive positioning both domestically and globally.

Emmvee also completed its Initial Public Offering during the period, successfully raising ₹2,900 crore, including fresh issuance of ₹2,143.9 crore. The stock was listed on both the BSE and NSE on November 18, 2025. A significant portion of the IPO proceeds was allocated toward reducing long-term debt, lowering financial leverage and improving balance sheet strength.

Mr. Manjunatha Donthi Venkatarathnaiah, Chairman and Managing Director, Emmvee Photovoltaic Power Limited, said, “We are delighted to report a historic first half for Emmvee, characterized 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.” 

He further added, “With the successful completion of our IPO, we are better capitalized 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.”

Emmvee Photovoltaic Power Share Price Performance

On December 2, 2025, Emmvee Photovoltaic Power share price (NSE: EMMVEE) opened at ₹227.01, up from its previous close of ₹218.88. At 11:01 AM, the share price of Emmvee Photovoltaic Power was trading at ₹238.89, up by 9.14% on the NSE.

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Conclusion

Emmvee Photovoltaic Power Limited’s Q2 and H1 FY26 results underscore industry positioning and efficient business execution. 

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