Shares of Emmvee Photovoltaic Power rallied 10 per cent to hit a fresh high on Tuesday’s trading session following its Q2FY26 results, the first earnings since market debut.
It ended at ₹239.65 on the BSE , nearly 10 per cent above the previous close of 218.65 on the BSE. The stock made a quiet entry to the stock market on November 18, 2025, following its ₹2,900 crore IPO. It has zoomed 11 per cent since listing at ₹217 to a fresh high of ₹240.50 (also its upper band) in today’s trading seesion.
The Bengaluru-based company‘s consolidated net profit for the quarter ended September 2025 zoomed over 5 times to ₹237.86 crore from ₹35.11 crore in the year-ago period.
Its revenue from operations rallied to ₹1,130.99 crore during the quarter under review from ₹402.40 crore in the same quarter last year.
The EBITDA margin improved to 35 per cent in Q2FY26 from 23 per cent in Q2FY25. Improvement in margins was on account of increased capacity utilisation, according to the company’s statement.
The company’s order book stood at 5.07 GW as of Q2 FY26, providing strong revenue visibility over the next 12-18 months, it added.
“We are delighted to report a historic first half for Emmvee, characterised by record financial performance and our transition into a publicly listed entity,” Manjunatha Donthi Venkatarathnaiah, Chairman and Managing Director, Emmvee Photovoltaic Power, said.
“As India accelerates its journey towards 500 GW of renewable energy capacity, Emmvee is strategically positioned to capture significant market share with our advanced technology and integrated manufacturing ecosystem.”
Published on December 2, 2025
