Emmvee Photovoltaic Power Limited has delivered its strongest first-quarter performance to date for Q1 FY27, reporting a significant growth across key financial and operational parameters.
Key highlights:
🔹 Revenue from operations increased 51% YoY to ₹1,555.5 crore
🔹 Profit After Tax (PAT) surged 103% YoY to ₹380.3 crore
🔹 EBITDA grew 56% YoY to ₹548.1 crore
🔹 EBITDA margin improved to 35.24%
🔹 PAT margin expanded to 24.2%
The company achieved record quarterly production volumes, with solar module production rising 53% to 970 MW and solar cell production increasing 26% to 454 MW. Improved cell capacity utilisation and deeper backward integration supported operational efficiency and margin expansion.
Emmvee also secured 1.48 GW of new order inflows during the quarter, taking its total order book to an all-time high of approximately 9.9 GW.
The company continues to expand its integrated manufacturing capabilities, with its 6 GW TOPCon cell and module expansion project on track, while outlining a long-term roadmap for 9 GW ingot and wafer manufacturing integration to further strengthen India’s solar manufacturing ecosystem.
