Emmvee Photovoltaic Power Q2 Net Profit Jumps 61% to Rs 382 Cr

New Delhi: Emmvee Photovoltaic Power has reported 61 per cent growth in consolidated net profit to Rs 382.04 crore for the September quarter, helped by higher income from key business verticals.

The company, which is in the manufacturing of solar modules and cells, had clocked a net profit of Rs 237.86 crore in the second quarter of the preceding 2025-26 financial year.

Emmvee Photovoltaic Power said its total income increased to Rs 1,578.89 crore in July-September FY27 from Rs 1,149.38 crore a year ago, it said in an exchange filing.

The company garnered revenue of Rs 1,779.64 crore from the module and Rs 15.1 crore from the EPC projects business segments.

In a statement on Thursday, DV Manjunatha, Chairman & Managing Director, Emmvee Photovoltaic Power said, “Our 6 GW integrated TOPCon solar cell and module manufacturing facility expansion project is progressing in line with our schedule, with most orders for hard costs already placed. We expect to commission the 6 GW module line by December 2026, followed by the 6 GW cell line by March 2027”.

Commercial sales will be aligned with commissioning, with utilisation increasing progressively thereafter, he said.

Once fully commissioned, the expansion will increase our annual manufacturing capacity to approximately 16.3 GW of modules and 8.9 GW of cells.

The order book stood at 10.4 GW at the end of Q2 FY27, supported by new order inflows of approximately 1.5 GW during the quarter.

As at 30 September 2026, the company had installed annual capacity of approximately 10.3 GW in modules and 2.94 GW in TOPCon solar cells.

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