Emmvee Photovoltaic Power Management Guidance Tracker

Management expects to maintain current EBITDA margin levels, supported by pass-through contracts and cost efficiencies.

Further 40% reduction in silver paste consumption per cell targeted through process improvements.

Planned integrated cell and module facility at Junali will add 6 GW cell capacity, taking total to 8.9 GW by FY28.

Module line to be commissioned by end of calendar year 2026, cell line by end of financial year 2027.

Phase 1 of 5 GW wafer facility to be set up in FY29 (calendar year 2028), with phase 2 of 4 GW a year later.

Management expects cell utilization to remain at similar levels, having achieved 85% in some months.

As ALMM2 takes effect, management expects all capacity sold to be DCR-compliant by early next fiscal.