Newly-listed Emmvee Photovoltaic shares jump 10% after Q2 net profit soars 7x to Rs 238 crore

Emmvee Photovoltaic Shares Jump 10% After Q2 Results

The shares of Emmvee Photovoltaic jumped around 10% on December 2, marking the third consecutive session of gains for the newly-listed stock. The company's results for the second quarter of the financial year 2026 were released in the post-market hours of December 1, showing a significant surge in demand for high-efficiency solar modules.

Key Highlights:

• Net Profit: Rs 237.86 crore, a nearly 7 times jump from Rs 35.12 crore in the corresponding period of the previous financial year.
• Revenue: Rs 1,131 crore, a 181% year-on-year growth from Rs 402.40 crore in Q2 FY25.
• EBITDA: Rs 399.4 crore, a 331% year-on-year jump.
• Diluted Earnings per Share (EPS): Rs 4.01 per share, a 580% year-on-year rise.

Company's Statement:

"The Company witnessed a significant surge in demand for high-efficiency solar modules, driving a 193% year-on-year increase in H1 revenue. The strong topline performance was complemented by operational efficiencies, resulting in significant EBITDA margin expansion," said Emmvee Photovoltaic.

Management's Comments:

Emmvee Photovoltaic Power Chairman and Managing Director Manjunatha Donthi Venkatarathnaiah said, "We are delighted to report a historic first half for Emmvee, characterized by record financial performance and our successful transition into a publicly listed entity. Delivering a nearly 7x growth in Profit After Tax for the first half of the year is a testament to our robust manufacturing capabilities and the trust our customers place in our high-quality solar solutions."

Share Price History:

Emmvee Photovoltaic shares made a muted debut on stock markets on November 18, listing at Rs 217 apiece on NSE. The stock has so far gained more than 10.5 percent since then, with a market capitalization of around Rs 16,475 crore.

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