Premier Energies has announced stellar financial results for the year ended March 31, 2026. The company reported a 20.7% year-on-year increase in total revenue to INR 8,026 crores, while profit after tax (PAT) jumped by 61.1% to INR 1,510 crores. Maintaining robust operational efficiency, the company achieved an EBITDA margin of 30.4% and a PAT margin of 18.8%, overcoming significant challenges in global commodity and freight pricing.
Financial and Operational Highlights
Premier Energies has demonstrated strong growth, underscored by a record-breaking financial performance in FY2026. Beyond the headline figures, the company’s order book has grown by 66% year-on-year, reaching INR 14,010 crores. Management attributes this resilience to optimized capacity utilization at its cell lines and a strategic focus on high-efficiency products, including the recently launched Zero Busbar cells and All-Black modules.
Strategic Expansion and Capacity Growth
The company is undergoing a massive capacity transformation, with plans to increase total capacity sevenfold to 16.75 GVA by July 2026. A new 5.6 gigawatt module plant in Sitarampur, Telangana, has been completed and is expected to reach full ramp-up within the next two months. Furthermore, the company is investing INR 5,100 crores in FY27 to expand its footprint in cells, ingot wafers, batteries, and inverters.
Future Outlook and Market Positioning
Management highlighted a positive outlook, driven by increasing domestic demand and a favorable policy shift toward ALMM (Approved List of Models and Manufacturers), which benefits established players. Despite global volatility, the company aims to maintain its industry-leading margins through procurement efficiencies and a pivot toward the higher-margin DCR (Domestic Content Requirement) segment. Premier Energies is also actively evaluating strategic opportunities in the US and European markets to capitalize on the global transition toward renewable energy.
Inorganic Growth and Future Tech
The company has successfully completed the 51% stake acquisition in Transcon, which contributed INR 423 crores in annual revenue. While the proposed acquisition of K-Solar did not proceed due to disagreements over contract terms, Premier Energies remains committed to the inverter business through potential Joint Venture opportunities, with SMA SGS remaining a primary focus.
Source: BSE
