Emmvee Reports 193 Percent Surge in Revenue in H1 FY26 to INR 2,159 Cr, PAT up by 579 Percent
Emmvee Photovoltaic Power has posted a sharp financial upswing in H1 FY26, with revenue rising about 193 percent to INR 2,158.8 crore and profit increasing nearly seven-fold year-on-year to INR 425.5 crore.
December 02, 2025. By Mrinmoy Dey
In H1 FY26, the company’s revenue from operations has increased to INR 2,158.8 crore – recording a 193.5 percent jump from H1 FY25’s INR 735.6 crore. Its PAT increased by 578.6 percent to INR 425.5 crore in H1 FY26 from INR 62.7 crore reported in H1 FY25.
“The company witnessed a significant surge in demand for high-efficiency solar modules, driving a 193 percent year-on-year increase in H1 revenue. The strong topline performance was complemented by operational efficiencies, resulting in significant EBITDA margin expansion,” the company noted in a statement.
Subsequent to the quarter end, Emmvee successfully completed its Initial Public Offering (IPO), raising a total of INR 2,900 crore, including fresh issuance of INR 2,143.9 crore. The equity shares were listed on the BSE and NSE on November 18, 2025.
A large part of the IPO proceeds has been used to repay about INR 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, the company stated.
Manjunatha Donthi Venkatarathnaiah, Chairman and Managing Director, Emmvee Photovoltaic Power, 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.”
He further added, “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.”
please contact: contact@energetica-india.net.
Rajat Singh
Co-founder and CEO
Why Unified Intelligence is Key for C&I Renewables? Rajat Singh of EarthSync Answers
Nidhi Sharma
Director
R&D is an Integral Part of Zuvay Technologies' Growth Strategy, Says Director Nidhi Sharma
Anilkumar Mukundan
President – Sales
How Can India–Sweden Partnership Drive Decarbonisation?
Rajiv Kumar
CEO
What’s Behind Vedanta Aluminium’s Clean Energy Push? Rajiv Kumar Answers
Nirmal Reddy
President
Electric Mobility Success Depends on Execution, Not Intent, says ETO Motors’ Nirmal Reddy