Premier Energies has announced robust financial results for the first quarter of FY27. Revenue from operations saw a significant year-over-year increase of 34.1%, reaching ₹25,076 Mn. EBITDA grew by 27.2% to ₹7,594 Mn, and Profit After Tax (PAT) surged by 53.3% to ₹4,719 Mn. The company also highlighted production milestones and capacity expansion, including a new 5.6 GW module plant and a 7 GW cell plant nearing completion.
Premier Energies Reports Strong Q1 FY27 Financials
Premier Energies Limited has disclosed its financial and operational highlights for the first quarter ended June 30, 2026 (Q1 FY27). The company demonstrated significant growth across key financial metrics, underscoring its strong performance in the solar manufacturing sector.
Financial Performance Highlights:
- Revenue from operations for Q1 FY27 stood at ₹25,076 Mn, marking a substantial 34.1% increase compared to the same period last year.
- Operating EBITDA reached ₹7,594 Mn, representing a year-over-year growth of 27.2%, with a margin of 30.3%.
- Profit After Tax (PAT) saw a remarkable surge of 53.3%, totaling ₹4,719 Mn, with a margin of 18.8%.
These figures reflect a healthy operational performance and effective cost management strategies implemented by the company.
Production and Capacity Expansion
The company also provided updates on its production capabilities and ongoing expansion projects:
- Cells Production: Achieved 844 MW.
- Modules Production: Achieved 953 MW.
- Capacity Growth: Cells capacity increased from 3.6 GW to 10.6 GW, and Modules capacity stands at 11.1 GW.
- Under Construction Projects: Significant progress is noted in projects such as Ingot-Wafers (10 GW), Aluminum Frames (18,000 MT), and BESS Containers (12 GWh).
Key Business Updates
- 5.6 GW Seetharampur Module Plant Inauguration: This facility utilizes advanced automation, producing 4 modules every 16 seconds.
- 7 GW Cell Plant at Naidupeta Nearing Completion: Civil work is complete, machinery installation is underway, and trial runs are expected by the end of the month.
- Transcon Performance: Reported Q1 FY27 revenue of ₹1,100 Mn and PAT of ₹183 Mn, driven by strong growth in electrification, grid modernization, AI, and export opportunities.
- Transcon Neotrafo Plant: Construction for 10 GVA HV and EHV transformer capacity is in advanced stages, with expected COD by September 2026.
- Order Book: As of June 30, 2026, the order book stands at 9,867 MW valued at ₹150 Bn, with Cell contributing 58% and Module 40%.
Industry Insights
The presentation also highlighted several industry trends and policy initiatives:
- Strong growth in new installations across Quarterly solar capacity addition, PMSGY, and KUSUM installations.
- Steady increase in solar’s share in power generation.
- Growing demand from data centres driving power demand, supported by favorable state policies.
- Increased demand for BESS (Battery Energy Storage Systems) with an estimated market opportunity of INR 600 Bn per annum.
- Supportive policy landscape including ALMM-II relaxation, schemes for floating solar and BESS, and financing for rooftop solar.
Sustainability and ESG
Premier Energies is committed to sustainability, focusing on key parameters such as 30% female employees in plants, creating 12,716 green jobs, and achieving Certified Great Place to Work status. The company emphasizes Zero Liquid Discharge, 100% water recycling, and significant emission reduction targets.
Source: BSE
