Highlights

• Emmvee Photovoltaic Power declined 7.92% to ₹191.55 amid global module pricing volatility and profit booking.
• Q3 FY26 revenue jumped to ₹1,15,225 lakhs vs ₹52,829 lakhs YoY; PAT more than doubled to ₹26,363.78 lakhs.
• Technical support at ₹185–190, resistance ₹210; short-term correction likely, with downward or sideways movement before stability.

Emmvee Photovoltaic Power declined 7.92% to ₹191.55, losing ₹16.48 on 26 February 2026.

Reason for Decline

The fall may be linked to:

• Volatility in global solar module pricing
  • Concerns over raw material cost (polysilicon)
  • Profit booking after recent rally
  • Broader correction in renewable energy stocks

Renewable energy stocks often react sharply to global supply-demand pricing shifts.

Financial Overview

Emmvee operates in the solar PV manufacturing sector, with revenues driven by renewable energy demand and government incentives. EBITDA margins fluctuate with input costs and capacity utilization, while the business remains capital intensive. For the quarter ended 31 December 2025, consolidated revenue from operations rose sharply to ₹1,15,225.17 lakhs (vs ₹52,829.45 lakhs YoY), and consolidated PAT more than doubled to ₹26,363.78 lakhs (vs ₹9,919.75 lakhs). Sustained funding and efficient utilization remain key to supporting expansion and long-term growth.

Technical Outlook
The stock finds support in the ₹185–190 range, with resistance at ₹210. A short-term correction phase appears to be underway, suggesting downward or sideways movement until the stock stabilizes or breaks above resistance.

Risks

The stock is subject to several external and operational risks. Global pricing pressure may compress margins, while policy risk can introduce regulatory uncertainty. A heavy capital expenditure burden could strain financial resources, and commodity volatility adds another layer of unpredictability, affecting both costs and profitability.

Emmvee Photovoltaic Power fell 7.92% to ₹191.55 due to global solar module pricing volatility, polysilicon cost concerns, profit booking, and broader renewable energy stock corrections. Q3 FY26 revenue surged to ₹1,15,225 lakhs, with PAT rising to ₹26,363.78 lakhs. Key technical support lies at ₹185–190, resistance at ₹210, indicating potential short-term sideways or downward movement.

FAQs

1. Why did Emmvee Photovoltaic Power decline 7.92%?
   Global solar module price volatility, polysilicon cost concerns, profit booking, and broader renewable energy sector corrections contributed to the decline.
2. What are the key technical levels?
   Support is ₹185–190, and resistance is ₹210; the stock may remain sideways or face short-term downward pressure.
3. What risks affect the company?
   Risks include global pricing pressure, commodity volatility, regulatory uncertainty, and high capital expenditure requirements affecting margins and profitability.