Emmvee Photovoltaic Power Balance Sheet

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec '25 Dec 31, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	-	2,186	1,823	534.62	591.2
Short-Term Investments	-	-	-	-	606.57
Trading Asset Securities	-	2,568	-	-	-
Cash & Short-Term Investments	3,062	4,755	1,823	534.62	1,198
Cash Growth	-	160.75%	241.08%	-55.36%	-
Accounts Receivable	-	1,903	961.29	691.12	388.7
Other Receivables	-	27.91	45.47	6.93	-
Receivables	-	1,931	1,007	698.05	388.7
Inventory	-	7,584	3,062	1,414	1,113
Prepaid Expenses	-	40.63	42.51	41.75	30.78
Other Current Assets	-	2,540	3,972	475.01	203.15
Total Current Assets	-	16,850	9,907	3,163	2,934
Property, Plant & Equipment	-	20,581	9,348	4,157	2,307
Long-Term Investments	-	8.38	35.96	71.5	32.96
Other Intangible Assets	-	14	17.42	5.26	0.63
Long-Term Deferred Tax Assets	-	-	166.99	30.91	-
Other Long-Term Assets	-	1,686	2,425	979.41	431.7
Total Assets	-	39,139	21,900	8,408	6,190
Accounts Payable	-	3,503	1,582	689.48	371.4
Accrued Expenses	-	611.76	379.57	90.78	24.22
Short-Term Debt	-	685.26	2,198	1,064	716.06
Current Portion of Long-Term Debt	-	1,923	473.81	385.56	311.33
Current Portion of Leases	-	199.51	12.8	8.68	-
Current Income Taxes Payable	-	214.9	132.25	-	4.17
Current Unearned Revenue	-	1.96	2.33	-	-
Other Current Liabilities	-	6,359	2,258	790.34	1,064
Total Current Liabilities	-	13,498	7,039	3,029	2,491
Long-Term Debt	-	16,889	11,741	3,746	1,667
Long-Term Leases	-	956.15	42.83	38.58	-
Long-Term Unearned Revenue	-	1,930	1,173	-	-
Pension & Post-Retirement Benefits	-	-	-	-	6.96
Long-Term Deferred Tax Liabilities	-	458.15	202.41	183.21	182.69
Other Long-Term Liabilities	-	39.84	14.08	5.66	0.33
Total Liabilities	-	33,771	20,212	7,003	4,348
Common Stock	-	107.92	107.92	107.92	107.92
Additional Paid-In Capital	-	31.67	31.67	31.67	31.67
Retained Earnings	-	5,174	1,488	1,200	1,614
Comprehensive Income & Other	-	53.89	59.9	65.27	87.54
Shareholders' Equity	9,567	5,368	1,688	1,405	1,841
Total Liabilities & Equity	-	39,139	21,900	8,408	6,190
Total Debt	20,559	20,653	14,469	5,243	2,695
Net Cash (Debt)	-17,497	-15,898	-12,645	-4,709	-1,497
Net Cash Per Share	-28.88	-26.78	-21.30	-7.93	-2.52
Filing Date Shares Outstanding	641.45	593.55	593.55	593.55	593.55
Total Common Shares Outstanding	641.45	593.55	593.55	593.55	593.55
Working Capital	-	3,352	2,868	134.16	442.69
Book Value Per Share	16.13	9.04	2.84	2.37	3.10
Tangible Book Value	9,554	5,354	1,670	1,400	1,841
Tangible Book Value Per Share	16.11	9.02	2.81	2.36	3.10
Land	-	483.41	475.87	474.53	21.18
Buildings	-	2,809	442.95	442.95	428.54
Machinery	-	18,002	2,223	2,157	3,595
Construction In Progress	-	133.56	6,458	931.88	145
Leasehold Improvements	-	49.22	49.22	49.22	114.9

Source: S&P Global Market Intelligence. Standard template. Financial Sources.