Archive · 28 Jan 2026
Emmvee Photovoltaic Power Reports Strong Q3 Growth
Emmvee Photovoltaic Power, a company that makes solar panels, had a really good third quarter this year.
Their profits tripled to ₹263.6 crore, and their revenues more than doubled to ₹1,152.3 crore.
The company's boss, DV Manjunatha, talked about their plans.
They are adding more production capacity and might build a new factory for solar wafers.
He also said that even though the prices of solar cells went up, it won't stop people from buying them.
The company is focusing on the growing demand in India and thinks a special bank for green energy projects would be a good idea.
Emmvee Photovoltaic Power's Q3FY26 net profit tripled to ₹263.6 crore.
Q3FY26 revenues more than doubled to ₹1,152.3 crore.
The company plans to expand its cell and module capacity by 6 GW within 12-18 months.
A 6 GW wafer manufacturing plant is planned for FY28 or FY29 with an investment of ₹3500 crore.
Domestic demand for solar products is increasing significantly in India.
- Who
- Emmvee Photovoltaic Power, a solar module maker
- What
- Reported a significant increase in net profit and revenues for Q3FY26
- When
- Q3FY26 (specific quarter not mentioned)
- Where
- India (domestic focus with some exports)
- Why
- Due to increased domestic demand and strategic capacity expansions
Supporters of Green Energy
Critics of Green Energy
Investment in Green Energy
Supporters of Green Energy
Investment in green energy projects is crucial for sustainable development and reducing carbon footprint.
Critics of Green Energy
Investment in green energy projects is expensive and may not be feasible for all countries.
Government Support
Supporters of Green Energy
Government support through special banks for green energy projects is essential to boost the sector.
Critics of Green Energy
Government support should be balanced with other sectors to avoid market distortions.
- Q3FY26 Net Profit
- ₹263.6 crore
- Q3FY26 Revenues
- ₹1,152.3 crore
- Current Module Capacity
- 10.3 GW
- Current Cell Capacity
- 2.94 GW
- Planned Capacity Expansion
- 6 GW cell and module capacity
- Wafer Plant Investment
- ₹3500 crore
- Projected Annual Revenue
- ₹5000 crore