Strong capacity additions and a 9.3 GW order book lift margins and cash flows as the company accelerates backward integration.
Business
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Moneycontrol15-01-2026, 19:50

Emmvee Photovoltaic Q3 Revenue Doubles, Profit Jumps 166%; Order Book Hits 9.3 GW

  • Emmvee Photovoltaic reported a 118% year-on-year revenue increase to Rs 11,523 crore and a 166% profit jump to Rs 2,636 crore in Q3.
  • The company's total income grew 117% to Rs 11,679 crore, with EBITDA rising 105% to Rs 4,134 crore, driven by new capacity and higher utilization.
  • For the nine months ending December 2025, revenue surged 162% to Rs 33,111 crore, and PAT jumped 326% to Rs 6,892 crore.
  • Emmvee commissioned a 2.5 GW solar module manufacturing line at its Sulibele facility, increasing aggregate module capacity to 10.3 GW.
  • The order book stands at 9.3 GW, including a 4.5 GW order for TOPCon cells, and the company plans a 6 GW integrated facility in Devanahalli, Bengaluru.

Why It Matters: Emmvee Photovoltaic achieved significant Q3 growth and expanded capacity, driven by strong demand and strategic investments.

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