Emmvee Photovoltaic Power Limited has delivered impressive financial performance for Q4 FY26, with net profit growing 89.37% to ₹392.38 crore and revenue increasing 62.52% to ₹1,743.84 crore. The Board of Directors has recommended a final dividend of Re.1 per equity share (50% of face value), subject to shareholder approval at the Annual General Meeting. The company submitted newspaper clippings of audited financial results to stock exchanges on April 30, 2026, under Regulation 47 of SEBI LODR Regulations, with publications in The Economic Times and Vijaya Karnataka.

Emmvee Photovoltaic Power Q4 FY26 Results Strong, Dividend Announced

Emmvee Photovoltaic Power Limited has delivered impressive financial performance for Q4 FY26, with significant growth across key metrics alongside board approval for dividend distribution following their meeting held on April 28, 2026. The company has also submitted newspaper clippings of its audited financial results to stock exchanges on April 30, 2026, under Regulation 47 of SEBI LODR Regulations.

Strong Q4 FY26 Financial Performance

The company demonstrated robust growth in its latest quarterly results, with substantial increases in profitability and revenue generation compared to the previous year.

Financial Metric: Q4 FY26 Q4 FY25 Growth (%) Net Profit: ₹392.38 crore ₹207.14 crore +89.37% Revenue: ₹1,743.84 crore ₹1,074.93 crore +62.52% EBITDA: ₹570 crore ₹360 crore +58.33% EBITDA Margin: 32.58% 33.65% -1.07%

Board Meeting Outcomes

The Board of Directors meeting, conducted from 4:30 PM to 6:10 PM on April 28, 2026, addressed several crucial matters including the approval of audited financial results and dividend recommendations.

Board Decision: Details Meeting Date: April 28, 2026 Financial Results: Approved for Q4 and FY26 Auditor: M S K C & Associates LLP Audit Opinion: Unmodified

Dividend Announcement

Shareholders will benefit from the Board's recommendation of a final dividend, subject to approval at the Annual General Meeting.

Dividend Details: Specification Dividend Rate: Re.1/- per equity share Face Value: Rs.2/- each Percentage: 50% Payment Timeline: Within 30 days from AGM Approval Required: Shareholders at AGM

Regulatory Compliance and Newspaper Publication

Pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company submitted newspaper clippings of the extract of statement of audited financial results (standalone & consolidated) for the quarter and financial year ended March 31, 2026. The results were published on April 30, 2026, in The Economic Times (English edition) and Vijaya Karnataka (Kannada edition). The disclosure was signed by Shailesha Barve, Company Secretary and Compliance Officer.

Earnings Conference Call Audio Recording

In compliance with Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the company has disclosed the audio recording link for the Q4 & FY26 earnings conference call held on Wednesday, April 29, 2026 at 4:00 PM IST.

Conference Call Details: Information Call Date: April 29, 2026 Call Time: 4:00 PM IST Audio Link: https://www.emmveepv.com/earnings-call-audio-q4fy26.mp3 Website: https://www.emmveepv.com/ Compliance: Regulation 30 of SEBI LODR

The company maintains full regulatory compliance under SEBI regulations, with statutory auditors M S K C & Associates LLP providing unmodified audit opinions for both standalone and consolidated financial results. The disclosure has been made under Regulation 30 and Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Upon shareholder approval at the ensuing Annual General Meeting, dividend payments will be processed within the stipulated 30-day timeframe.

EMMVEE Photovoltaic Power has unveiled ambitious expansion plans and strategic priorities for FY27, focusing on execution-driven growth and operational excellence. The solar equipment manufacturer is positioning itself for significant capacity enhancement while maintaining financial stability and supply chain resilience.

Major Manufacturing Facility Expansion

The company is developing a substantial new manufacturing facility with impressive capacity targets:

Facility Component: Capacity Timeline Module Line: 6 Gigawatt End of 2026 Cell Line: 6 Gigawatt FY27 Total Module Capacity by FY27: 16.3 Gigawatt FY27 Total Cell Capacity by FY27: 8.9 Gigawatt FY27

This expansion represents a significant scaling of EMMVEE Photovoltaic Power's manufacturing capabilities, positioning the company as a major player in the solar equipment manufacturing sector.

Strategic Focus Areas for FY27

The company has identified several key strategic priorities for FY27:

Increasing integration across operations

Careful scaling of manufacturing operations

Enhancing technology and operational efficiency

Maintaining a strong balance sheet

Strengthening supply chain resilience

Technology Transition and Operational Efficiency

EMMVEE Photovoltaic Power plans to transition its cell production to G12R technology by the end of Q1 FY27. The company expects to manage this transition with minimal disruption to operations and maintains confidence in achieving approximately 85% cell utilization rates.

Regarding profitability outlook, margins for new orders in FY27 are anticipated to match FY26 levels, with the company expecting to maintain strong EBITDA spreads throughout the transition period.

Future Expansion Plans

Looking beyond the immediate expansion, EMMVEE Photovoltaic Power has revealed plans for an additional 9 gigawatt ingot and wafer facility:

Expansion Phase: Capacity Timeline Investment Phase 1: 5 Gigawatt - INR600-700 crores per GW Phase 2: 4 Gigawatt Next year INR600-700 crores per GW First Facility Target: - FY29 (Calendar Year 2028) -

This phased approach demonstrates the company's commitment to sustainable growth while managing capital allocation effectively. The estimated capex of INR600-700 crores per gigawatt provides insight into the significant investment required for this expansion.

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