Shares of Emmvee Photovoltaic Power Ltd. jumped as much as 7.9% to ₹237.45 on Tuesday after the solar module manufacturer reported blockbuster second-quarter earnings, nearly tripling its revenue from a year ago.
Q2 FY26 Financial Highlights:
- Revenue soared to ₹11.31 billion (~$126 million), nearly triple the year-ago figure.
- Profit After Tax (PAT) skyrocketed nearly sevenfold to ₹2.38 billion.
The company attributed the stellar performance to a "significant surge" in demand for high-efficiency solar modules and improved operational efficiencies that drove profit growth.
Stock Performance:
The stock is now approaching its record high of ₹241.34, hit on November 19. Since its market debut on November 18, shares have gained 7.83%.
(Exchange rate: $1 = ₹89.7675)