India · Delayed Price · Currency is INR Emmvee Photovoltaic Power Earnings Call Transcripts
Fiscal Year 2027
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H1 FY27 revenue rose 45% and PAT 79% YoY, with EBITDA margins near 35% and operating cash generation improving. A 10.4 GW order book and on-track 6 GW integrated expansion support the FY27 outlook.
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Q1 FY27 revenue rose 51% YoY and EBITDA 56%, with 35% margin and record module and cell output. The 9.9 GW order book supports a ₹2,400 crore FY27 EBITDA target and ongoing 6 GW expansion.
Fiscal Year 2026
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FY2026 revenue reached ₹5,050 crore and PAT ₹1,082 crore, with strong production and order-book growth. Priorities include the Devanahalli expansion, operating efficiency, and phased ingot and wafer investment.
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FY2026 revenue grew 116% and PAT 193%, alongside a 9.4 GW order book and stronger balance sheet. Priorities include ramping existing capacity and executing a 6 GW integrated expansion, while competition and policy shifts remain key variables.
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Q3 FY26 revenue rose 118% YoY and EBITDA 105%, with 35.9% margin. Capacity expanded to 10.3 GW of modules, while a 9.3 GW order book and integrated-facility investment underpin growth.
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Q2 revenue rose 181% YoY to INR 1,131 crore, with 35% EBITDA margin; H1 revenue grew 193%. A 5+ GW order book and debt repayment support capacity expansion and management’s margin outlook.