Premier Energies has announced a landmark fiscal year for 2026, delivering record revenues of INR 80,259 million and a robust 61.1% year-on-year increase in PAT to INR 15,097 million. The company continues to solidify its market leadership in solar manufacturing, supported by massive capacity expansions and a diversified portfolio including solar cells, modules, and new allied products like BESS and inverters, aimed at achieving its ambitious Mission 2028 goals.
Fiscal Year 2026 Financial Highlights
Premier Energies has demonstrated exceptional growth throughout FY 2026. The company reported a total revenue of INR 80,259 million, representing a 20.7% year-on-year increase. Profitability metrics also reached record levels, with EBITDA climbing 34.7% to INR 25,787 million (32.1% margin), and PAT surging by 61.1% to INR 15,097 million. The strong performance extended into Q4 FY 2026, which saw revenue grow 15.4% quarter-on-quarter to INR 22,689 million.
Capacity Expansion and Strategic Growth
The company is rapidly scaling its infrastructure to meet soaring demand. Cell manufacturing capacity has seen a significant jump from 3.6 GW to 10.6 GW, with a total module capacity of 11.1 GW now operational. Major projects currently under construction include a 10 GW ingot-wafer plant, a 12 GWh BESS container facility, and a 3 GW inverter plant. These investments are pivotal to the company’s Mission 2028, which aims to establish Premier Energies as a leading provider of comprehensive cleantech solutions.
Strategic Acquisitions and Market Outlook
Premier Energies successfully completed a 51% acquisition of Transcon, adding transformer manufacturing to its diverse portfolio. Transcon reported a strong performance with INR 4,230 million in revenue, a 58% increase. With an order book of INR 140.1 billion as of March 31, 2026, the company is well-positioned to capitalize on global and domestic demand for solar modules, BESS, and allied power components. The company’s focus remains on high-tech integration, such as its TOPCon technology and Zero Busbar module architecture, to maintain its competitive edge.
Source: BSE
