Earnings Review
Premier Energies Q2 PAT beats view, revenue falls short
This story was originally published at 22:08 IST on 28 October 2025
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--Premier Energies Jul-Sept consol net profit INR 3.53 bln
--Analysts saw Premier Energies Jul-Sept consol net profit at INR 3.16 bln
--Premier Energies Jul-Sept consol revenue INR 18.37 bln
--Analysts saw Premier Energies Jul-Sept consol revenue at INR 20.84 bln
--Premier Energies Jul-Sept consol PAT INR 3.53 bln vs INR 2.06 bln yr ago
--Premier Energies Q2 consol revenue INR 18.37 bln vs INR 15.27 bln yr ago
--Premier Energies Apr-Sept consol PAT INR 6.61 bln vs INR 4.04 bln yr ago
--Premier Energies H1 consol revenue INR 36.58 bln vs INR 31.85 bln yr ago
--Premier Energies Q2 consol operating EBITDA INR 5.61 bln vs INR 3.81 bln
--Premier Energies Q2 consol operating EBITDA margin 30.53% vs 24.92% yr ago
--Premier Energies order book INR 132.50 bln on Sept 30 vs 86.03 bln qtr ago
By P. Madhu Kumar
MUMBAI - Premier Energies Ltd. reported a higher-than-expected consolidated net profit for the September quarter but its top line failed to meet expectations. The rise in expenses was slower than the revenue growth, resulting in the company's bottom line rising sharply in the reporting quarter.
The company reported a consolidated net profit of INR 3.53 billion for the quarter, up nearly 72% on year. The bottom line was up nearly 15% over the trailing quarter. It posted a consolidated net revenue of INR 18.37 billion, up 20% on year and 1% sequentially. Analysts had pegged Premier Energies' bottom line at INR 3.16 billion and revenue at INR 20.84 billion.
The company's total expenses grew nearly 14% to INR 14.54 billion but fell nearly 1% sequentially. While its raw material cost rose nearly 55% to INR 12.71 billion, a 52% drop in purchase of stock-in-trade helped control expenses. The company spent INR 974 million on purchasing stock-in-trade. More
The company's consolidated operating earnings before interest, tax, depreciation and amortisation for the quarter was INR 5.61 billion. The consolidated operating EBITDA margin for the quarter was 30.53%, up from 24.92% in the year-ago quarter.
The company's revenue grew as it produced additional modules and cells from its plant in Hyderabad, which was commissioned during May-Jun. Production of modules during the quarter jumped up to 961 megawatts from 588 megawatts in the same quarter last year. Further, it produced 507 megawatts of cells in Jul-Sept, up 40% on year.
For Apr-Sept, the company posted a consolidated net profit of INR 6.61 billion compared with INR 4.04 billion in the year ago. Its consolidated net revenue for the period was INR 36.58 billion, sharply up from INR 31.85 billion a year ago.
NEW PROJECTS
The company's order book jumped to INR 132.50 billion as of Sep. 30 from INR 86.03 billion in the June quarter, aided by new bookings of INR 64.38 billion during the quarter under review. The solar cell manufacturing segment contributed to nearly 60% of the total order book, which was in turn supported by ramp up of the new 1.2 gigawatt line in Hyderabad, Telangana.
The company said it is planning a capacity expansion of 2.2 gigawatts at its cell manufacturing unit in Naidupeta, Andhra Pradesh, which will take the unit's total capacity to 7 gigawatts from 4.8 gigawatts. The company expects the additional capacity to be completed by September 2026, while the original plan of 4.8 gigawatts is set to be completed by June.
Premier Energies said it is also planning to expand its ingot-wafer manufacturing capacity to 5 gigawatt ingot-wafers from 2 gigawatt wafers. The expansion is expected to be completed by December 2027.
On Tuesday, shares of the company ended nearly 1% lower at INR 1,090.90 on the National Stock Exchange. End
Edited by Ashish Shirke
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