Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Emmvee Photovoltaic Power Ltd
Quarter-by-quarter operating performance
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 402 | 528 | 1,072 | 1,028 | 1,131 | 1,152 | 1,739 |
| Expenses + | 310 | 326 | 711 | 677 | 732 | 739 | 1,168 |
| Operating Profit | 93 | 202 | 361 | 350 | 399 | 413 | 571 |
| OPM % | 23% | 38% | 34% | 34% | 35% | 36% | 33% |
| Other Income + | 11 | 10 | 3 | 14 | 18 | 16 | 5 |
| Interest | 17 | 37 | 46 | 53 | 55 | 33 | 13 |
| Depreciation | 23 | 54 | 66 | 72 | 71 | 74 | 79 |
| Profit before tax | 64 | 122 | 253 | 240 | 292 | 322 | 484 |
| Tax % | 45% | 19% | 18% | 22% | 18% | 18% | 19% |
| Net Profit + | 35 | 99 | 207 | 188 | 238 | 264 | 392 |
| EPS in Rs | 32.54 | 91.92 | 38.39 | 3.16 | 4.01 | 3.81 | 5.67 |
Financials of Emmvee Photovoltaic Power Ltd
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 555 | 424 | 555 | 618 | 952 | 2,336 | 5,050 |
| Expenses + | 451 | 312 | 451 | 562 | 832 | 1,614 | 3,316 |
| Operating Profit | 105 | 113 | 104 | 56 | 120 | 722 | 1,734 |
| OPM % | 19% | 27% | 19% | 9% | 13% | 31% | 34% |
| Other Income + | 9 | 2 | 12 | 26 | 3 | 25 | 54 |
| Interest | 65 | 62 | 49 | 28 | 34 | 108 | 155 |
| Depreciation | 39 | 52 | 42 | 43 | 42 | 156 | 296 |
| Profit before tax | 9 | 1 | 25 | 12 | 48 | 483 | 1,338 |
| Tax % | -44% | -1,064% | 49% | 23% | 39% | 24% | 19% |
| Net Profit + | 14 | 9 | 13 | 9 | 29 | 369 | 1,082 |
| EPS in Rs | 12.61 | 8.63 | 12.62 | 8.28 | 26.78 | 68.39 | 15.62 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 6% |
Financials of Emmvee Photovoltaic Power Ltd
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 138 |
| Reserves | 159 | 168 | 170 | 130 | 158 | 526 | 3,556 |
| Borrowings + | 570 | 603 | 482 | 524 | 1,447 | 2,065 | 360 |
| Other Liabilities + | 134 | 93 | 178 | 173 | 558 | 1,312 | 1,717 |
| Total Liabilities | 873 | 874 | 842 | 838 | 2,173 | 3,914 | 5,772 |
| Fixed Assets + | 593 | 562 | 493 | 323 | 291 | 2,046 | 2,634 |
| CWIP | 1 | 6 | 14 | 93 | 646 | 13 | 10 |
| Investments | 1 | 1 | 1 | 0 | 0 | 257 | 57 |
| Other Assets + | 279 | 305 | 334 | 421 | 1,237 | 1,598 | 3,072 |
| Total Assets | 873 | 874 | 842 | 838 | 2,173 | 3,914 | 5,772 |
Financials of Emmvee Photovoltaic Power Ltd
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 181 | 75 | 129 | 59 | 234 | 614 | 200 |
| Cash from Investing Activity + | -16 | -24 | 20 | -131 | -1,000 | -986 | -304 |
| Cash from Financing Activity + | -219 | -54 | -84 | 80 | 894 | 408 | 130 |
| Net Cash Flow | -55 | -2 | 65 | 8 | 129 | 36 | 26 |
| Free Cash Flow | 150 | 54 | 147 | -173 | -440 | -375 | -440 |
| CFO/OP | 174% | 71% | 129% | 107% | 207% | 94% | 23% |
Financials of Emmvee Photovoltaic Power Ltd
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 38 | 61 | 27 | 41 | 37 | 30 | 50 |
| Inventory Days | 74 | 148 | 101 | 103 | 148 | 197 | 225 |
| Days Payable | 60 | 79 | 34 | 50 | 77 | 91 | 116 |
| Cash Conversion Cycle | 51 | 131 | 94 | 93 | 108 | 136 | 159 |
| Working Capital Days | -35 | -29 | -44 | -28 | -90 | -38 | 88 |
| ROCE % | 8% | 9% | 6% | 7% | 28% | 45% |