Emmvee Photovoltaic Q2 FY26 – Massive Growth in Revenue & Profitability

Emmvee Photovoltaic reported an exceptional performance in the September 2025 quarter, posting multi-fold growth across revenue, operating profit, and net earnings, driven by strong demand and improved operational scale. • Sales: ↑ 181% YoY to ₹1,131 crore (vs ₹402 crore in Sep 2024) • EBIDT: ↑ 331% YoY to ₹399 crore (vs ₹92.6 crore) • Net Profit: ↑ 577% YoY to ₹238 crore (vs ₹35.1 crore) • EPS: ↓ 88% YoY to ₹4.01 (vs ₹32.54) — likely impacted by equity dilution post-listing At a price of ₹219, market cap ₹15,154 crore, and PE 26.5, Emmvee Photovoltaic continues to scale rapidly with strong profitability expansion, despite EPS compression due to share base expansion.