Premier Energies Limited announced its financial results for the first quarter of FY27, reporting a 34% year-on-year increase in total revenue, reaching ₹2,508 crore. EBITDA saw a 27% rise to ₹759 crore, while Profit After Tax (PAT) surged by 53% to ₹472 crore. The company also highlighted the operational status of its 5.6 GW solar module plant and a strong order book of ₹15,000 crore.
Premier Energies Reports Strong Q1 FY27 Financial Performance
Premier Energies Limited has announced its financial results for the first quarter of the fiscal year 2027 (Q1 FY27), concluding on June 30, 2026. The company has posted a record quarter for revenue and profit growth, demonstrating robust performance amidst a dynamic market environment. This success is attributed to disciplined execution and strategic investments in scale, technology, and human resources.
Key Financial Highlights
- Total Revenue: Increased by 34% year-on-year to ₹2,508 crore.
- EBITDA: Grew by 27% to ₹759 crore, with margins steady at 30.3%.
- Profit After Tax (PAT): Surged by 53% to ₹472 crore, maintaining healthy margins of 18.8%.
Consolidation and Business Updates
The reported results include the consolidation of Premier Energies’ 51% stake in Transcon. This subsidiary contributed positively with a revenue of ₹110 crore and a PAT of ₹18 crore, achieving EBITDA and PAT margins of 27% and 17%, respectively. In terms of operational progress, the company’s 5.6 gigawatt fully automated solar module plant at Seetharampur is now operational. Furthermore, the 7 gigawatt TOPCon cell line is in advanced stages of commissioning, with trial runs anticipated to commence soon. Premier Energies’ operational cell plants in Telangana achieved a record capacity utilization of 92%.
Order Book and Outlook
The company secured new orders valued at ₹3,011 crore for cells and modules, taking its total order book to ₹15,000 crore, which includes transformers. The overall outlook for the solar sector remains positive, supported by strong power demand this year. The company also noted significant solar demand from schemes like the PM Surya Ghar Yojana and KUSUM, with approximately 12 gigawatt of capacity addition in the first quarter alone.
Strategic Growth and Future Prospects
Premier Energies is navigating a hyper-growth phase, emphasizing flexibility to expedite organic growth and capitalize on inorganic opportunities. While there are no immediate plans for primary capital raising, the company is focused on leveraging operating and financial performance through new capacities. They are confident in maintaining industry leadership in scale, technology, and cost of manufacturing, aiming to deliver industry-leading margins.
Source: BSE
