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For the full year,net profit rose 193.10% to Rs 1081.55 crore in the year ended March 2026 as against Rs 369.01 crore during the previous year ended March 2025. Sales rose 116.21% to Rs 5049.88 crore in the year ended March 2026 as against Rs 2335.61 crore during the previous year ended March 2025.
For FY2026, the company reported consolidated revenue from operations of Rs 5,050 crore, up 116% year-on-year, while EBITDA increased 140% year-on-year to Rs 1,734.4 crore. Profit after tax for the year stood at Rs 1,081.6 crore, up 193% year-on-year. EBITDA margin improved to 34% in FY2026 from 31% in FY2025, while PAT margin expanded to 21% from 16%, reflecting strong operating leverage, improved efficiencies, and scale benefits with negative net debt.
The company said the strong performance was driven by higher production volumes, the first full year of solar cell operations, expansion in module capacity, operating leverage and lower finance costs following balance sheet deleveraging.
The company reported a net debt-to-equity ratio of (0.06)x as of 31 March 2026, indicating a net cash position.
Order book stood at 9.4 GW at the end of FY2026, with Q4 order inflows at 1.27 GW.
Consolidated net cash from operating activities decreased to Rs 200.14 crore in FY26 from Rs 624.89 crore a year ago.
Emmvee Photovoltaic Power is one of India’s leading integrated solar photovoltaic module and cell manufacturers. As of 31 March 2026, it had installed production capacity of 10.3 GW of solar modules and 2.94 GW of TOPCon solar cells.
Bengaluru-based Emmvee Photovoltaic Power is a renewable energy company. It manufactures of Solar PV modules and systems. The company’s consolidated net profit surged 577.3% to Rs 237.86 crore on an 181.1% jump in revenue from operations to Rs 1,131 crore in Q2 FY26 over Q2 FY25.
Shares of Sammaan Capital are banned from F&O trading on 22 December 2025.
Initial Public Offer (IPO):
Gujarat Kidney & Super Speciality Hospitals’ IPO will offer 2.20 crore equity shares. The public issue will open on December 22, 2025, and close on December 24, 2025. The price band of the IPO is fixed between Rs 108 and 114 per share.
Stocks to Watch:
Sudeep Pharma’s consolidated net profit declined 6.16% to Rs 45.74 crore despite of 9.32% increase in revenue from operations to Rs 162.66 crore in Q2 FY26 over Q2 FY25.
Emmvee Photovoltaic Power said its wholly owned subsidiary, Emmvee Energy (EEPL), has commenced operations of a 2.5 GW solar module line at its factory in Sulibele, Hoskote Taluk, Bengaluru, Karnataka (Unit VI).
RITES has signed a memorandum of understanding with the Government of Botswana to support the development and modernisation of the country’s transport infrastructure.
Kranti Industries has received additional purchase orders from Armoured Vehicles Nigam, Machine Tool Prototype Factory (AVNL – MTPF) for machining of precision components for defence applications. The aggregate value of the orders stands at approximately Rs 19,71,900. The orders are to be executed within three months.
Shree Refrigerations has received a domestic order worth Rs 5.69 crore from CPRO, Material Organisation, Mumbai for the supply of spares for Class B.
Fabtech Technologies Cleanrooms has received an order worth Rs 33 crore from one of the leading companies in the solar PV module manufacturing space. The order is scheduled to be executed by 30 April 2026.