India's Emmvee Photovoltaic jumps as second quarter earnings surge

Emmvee Photovoltaic Power

02/12/2025 04:50

** India's Emmvee Photovoltaic Power EMMV.NS rises as much as 7.9% to 237.45 rupees after Q2 results

** Solar module manufacturer reports quarterly revenue of 11.31 billion rupees ($126 million), nearly tripling from a year ago

** Profit after tax jumps nearly 7 times to 2.38 billion rupees

** Stock nears record high of 241.34 rupees hit on November 19

** Co says demand for high-efficiency solar modules saw a "significant surge", with additional operational efficiencies driving profit growth

** Shares, which listed on November 18, up 7.83% so far

        ($1 = 89.7675 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))