Emmvee Photovoltaic Shares Surge to 52-Week High Following Strong Q4 Results
Emmvee Photovoltaic hits 52-week high on Q4 beat; JM Fin eyes 25% upside
Business Standard
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Emmvee Photovoltaic Power shares soared 10% to a 52-week high of ₹299.5 after reporting impressive Q4FY26 results, with revenues up 62% year-on-year. JM Financial raised its target price to ₹341, indicating a potential 25% upside, supported by strong production and order inflows.
- 01Emmvee Photovoltaic shares hit a 52-week high of ₹299.5, rising 10% after Q4FY26 results.
- 02Revenue for Q4FY26 increased by 62% year-on-year to ₹1,738.8 crore.
- 03Profit after tax (PAT) jumped 89% to ₹392.4 crore compared to the same quarter last year.
- 04JM Financial revised its target price for Emmvee to ₹341, suggesting a 25% upside.
- 05The company's order book reached 9.4 GW, with significant order inflows in Q4.
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Emmvee Photovoltaic Power's share price surged by 10% to a 52-week high of ₹299.5 on the National Stock Exchange (NSE) following the release of its Q4FY26 results, which exceeded market expectations. The company reported revenue from operations of ₹1,738.8 crore, marking a 62% increase year-on-year, and a 51% rise from the previous quarter. Profit after tax (PAT) rose to ₹392.4 crore, an 89% increase compared to the same quarter last year. For the full fiscal year, Emmvee's revenue jumped 116% to ₹5,049.9 crore, with PAT increasing by 193% to ₹1,081.6 crore. The company attributed its strong performance to higher production volumes and operational efficiencies. JM Financial responded positively, raising its target price for Emmvee shares to ₹341, indicating a potential 25% upside from the previous close of ₹272. The brokerage highlighted Emmvee's robust order book of 9.4 GW and improved earnings metrics, reinforcing its 'Buy' rating.
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Emmvee's strong financial performance may lead to increased investor confidence and potential job growth in the renewable energy sector.
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