Premier Energies Limited has released its financial results for the second quarter of FY27, reporting a significant year-over-year increase in revenue by 38.2% to INR2,656 crores. EBITDA grew by 17.8% to INR760 crores, and PAT rose by 30.8% to INR462 crores. The company highlighted the commissioning of its 7 GW TOPCon cell line and strong order wins totaling INR4,001 crores, bringing the total order book to INR16,260 crores.
Premier Energies Reports Strong Q2 FY27 Performance and Strategic Progress
Premier Energies Limited announced its financial results for the second quarter of Fiscal Year 2027, showcasing robust growth and significant operational achievements. The company reported a consolidated revenue of INR2,656 crores, marking a substantial increase of 38.2% year-on-year. EBITDA saw a growth of 17.8%, reaching INR760 crores, while Profit After Tax (PAT) surged by 30.8% to INR462 crores.
Operational Highlights and Order Book Expansion
A key highlight for the quarter was the commissioning of its 7 GW TOPCon cell line, with trial runs currently underway and commercial production expected to commence shortly. The company achieved record capacity utilization in its operational cell plants. Furthermore, Premier Energies secured new order wins amounting to INR4,001 crores for cells and modules in a competitive market, expanding its total order book to a significant INR16,260 crores.
Transformer Business and Future Outlook
The transformer business also experienced a healthy intake of orders, contributing to its order book of INR330 crores. Expansion initiatives, including battery energy storage, are reportedly on track. The company anticipates an acceleration in project commissioning over the next six months, projecting an annual capacity addition of around 50 GW AC, surpassing previous year’s figures. The long-term outlook for the solar sector remains compelling, supported by government initiatives aimed at reducing fossil fuel dependence and combating climate change.
Strategic Focus on Growth and Innovation
Premier Energies is also exploring new primary and secondary growth opportunities, leveraging its strong balance sheet and A+ credit rating. The company remains focused on disciplined growth, emphasizing operational strength and prudent risk allocation. With the sector’s compelling outlook and ongoing policy support, Premier Energies is well-positioned for continued expansion and enhanced financial performance in the coming quarters.
Source: BSE
