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	Sep '25 Sep 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Cash & Equivalents	1,745	2,186	1,823	534.62	591.2
Short-Term Investments	1,317	-	-	-	606.57
Trading Asset Securities	-	2,568	-	-	-
Cash & Short-Term Investments	3,062	4,755	1,823	534.62	1,198
Cash Growth	67.93%	160.75%	241.08%	-55.36%	-
Accounts Receivable	2,779	1,903	961.29	691.12	388.7
Other Receivables	-	27.91	45.47	6.93	-
Receivables	2,779	1,931	1,007	698.05	388.7
Inventory	10,959	7,584	3,062	1,414	1,113
Prepaid Expenses	-	40.63	42.51	41.75	30.78
Other Current Assets	2,641	2,540	3,972	475.01	203.15
Total Current Assets	19,442	16,850	9,907	3,163	2,934
Property, Plant & Equipment	23,350	20,581	9,348	4,157	2,307
Long-Term Investments	179.23	8.38	35.96	71.5	32.96
Other Intangible Assets	13.44	14	17.42	5.26	0.63
Long-Term Deferred Tax Assets	-	-	166.99	30.91	-
Other Long-Term Assets	1,508	1,686	2,425	979.41	431.7
Total Assets	44,492	39,139	21,900	8,408	6,190
Accounts Payable	3,262	3,503	1,582	689.48	371.4
Accrued Expenses	23.14	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	3,168	1,923	473.81	385.56	311.33
Current Portion of Leases	367.73	199.51	12.8	8.68	-
Current Income Taxes Payable	711.74	214.9	132.25	-	4.17
Current Unearned Revenue	-	1.96	2.33	-	-
Other Current Liabilities	6,580	6,359	2,258	790.34	1,064
Total Current Liabilities	14,113	13,498	7,039	3,029	2,491
Long-Term Debt	15,463	16,889	11,741	3,746	1,667
Long-Term Leases	1,561	956.15	42.83	38.58	-
Long-Term Unearned Revenue	2,933	1,930	1,173	-	-
Pension & Post-Retirement Benefits	-	-	-	-	6.96
Long-Term Deferred Tax Liabilities	798.34	458.15	202.41	183.21	182.69
Other Long-Term Liabilities	56.87	39.84	14.08	5.66	0.33
Total Liabilities	34,925	33,771	20,212	7,003	4,348
Common Stock	1,187	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	8,380	53.89	59.9	65.27	87.54
Shareholders' Equity	9,567	5,368	1,688	1,405	1,841
Total Liabilities & Equity	44,492	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	-29.43	-26.78	-21.30	-7.93	-2.52
Filing Date Shares Outstanding	593.17	593.55	593.55	593.55	593.55
Total Common Shares Outstanding	593.17	593.55	593.55	593.55	593.55
Working Capital	5,328	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.