Premier Energies announced robust financial results for Q2 FY26, demonstrating strong growth in revenue and profitability. The company is proceeding with significant capacity expansions in cell and module manufacturing, including acquisitions of inverter and transformer businesses to provide complementary products. Revenue reached INR 19,214 Mn, with EBITDA at INR 6,454 Mn and PAT at INR 3,534 Mn. The company is also expanding its global footprint and emphasizing sustainability.
Financial Highlights for Q2 FY26
Premier Energies reported substantial financial gains for the quarter ending September 30, 2025 (Q2 FY26):
- Revenue: INR 19,214 Mn
- EBITDA: INR 6,454 Mn
- PAT: INR 3,534 Mn
Capacity Expansion and New Projects
The company is undertaking significant expansions in its manufacturing capabilities:
- Cell Project Expansion: Increasing from 4.8 GW to 7.0 GW, with completion targeted by September 2026.
- Ingot-Wafer Capacity: Planning for 5.0 GW ingot-wafer manufacturing, expected by December 2027.
- Module Manufacturing Plant: A new 5.6 GW plant in Telangana, targeted for completion by March 2026.
- BESS Manufacturing Plant: Establishment of a BESS manufacturing plant in Pune, expected by June 2026.
Strategic Acquisitions
Premier Energies is expanding its portfolio through strategic acquisitions:
- KSolare Acquisition: Acquisition of KSolare to enhance inverter manufacturing capacity, targeting 1,000,000 inverters p.a. by June 2026.
- Transcon Acquisition: Acquisition of Transcon to increase transformer manufacturing, aiming for 10 GVA by Apr-2026.
Sustainability Initiatives
Premier Energies is committed to sustainability with several key goals:
- Zero Liquid Discharge: Recycling 75% of water and reusing 80%.
- Avoided Emissions: Avoided emission of 24 MMTCO2e in Q2 FY26.
- Certified Great Place to Work: Recognized for the fourth consecutive year.
Source: BSE