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Informist, Wednesday, Oct. 29, 2025

 

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--Premier Energies: 7GW cell mfg plant in Andhra to be ready by Sept 2026 
--CONTEXT:Comments by Premier Energies mgmt in post-earnings analyst concall 
--Premier Energies: Demand for residential solar power invertors strong 
--Premier Energies: KSolare buy to aid residential solar power invertor ops 
--Premier Energies: Evaluating opportunities in US for solar cell mfg 
--Premier Energies: See oversupply in solar modules market in US 
--Premier Energies: Capex for next 12 months seen at INR 40 bln 
--Premier Energies: No plan to take debt; capex from internal accruals 
--Premier Energies: Order book backed by firm commitments 
--Premier Energies:Order book fully secured for price changes, FX volatility 
--CONTEXT: Premier Energies' order book at INR 132.50 bln as on Sept 30 
--Premier Energies: See India solar cell mfg capacity up at 80 GW by 2027 
--Premier Energies: Have hedge on silver, no impact of high prices on margin 
--Premier Energies: Overall margins for FY26 look stable as of now 
--Premier Energies: Order book, increased capacity to drive FY26 growth 
--Premier Energies: See significant demand for rooftop solar units 

 

By Narayana Krishna and P. Madhu Kumar

 

HYDERABAD/MUMBAI – Premier Energies Ltd. expects its capital expenditure for the next 24 months to be around INR 100 billion, mostly for ongoing projects such as a solar cell manufacturing facility and ingot-wafer manufacturing projects in Andhra Pradesh, the company's management said in a post-earnings call with investors Wednesday.

 

The company is not looking at raising any debt as of now, and it is confident of meeting the capital expenditure requirements through internal accruals, the management said.  

On Tuesday, 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.  

 

The company is setting up a 7-gigawatt cell manufacturing facility and a 5-megawatt wafer manufacturing unit at Naidupeta, Andhra Pradesh and it is expecting to invest INR 40 billion on these projects in the next 12 months. The company is also planning to spend INR 60 billion in the subsequent 12 months on an ongoing ingot-wafer manufacturing project at Naidupeta, with 5 GW capacity planned in the first phase and 5 GW in the second phase, the management said. The company will spend some marginal capital on incremental upgrades and other businesses. 

 

Talking about their strong order book of INR 132.50 billion as on Sept. 30, the management said the overall order book is backed by firm commitments and it does not consist of any such orders which have even a slight margin of getting cancelled. The management affirmed that the order book is fully secured from any price changes in the future and foreign exchange volatility. 

 

The company expects growth in 2025-26 (Apr-Mar) will be driven by their large order book and a ramp-up in its capacity expansion. The management also said the overall margins for FY26 look stable for now.  

 

Asked about the rising prices of silver, the management said, "We do keep hedging silver at various intervals. We have not seen any effect on margins because of this (rising silver prices) as of today. Going forward also, we feel that the operational efficiency, which we are reaching in terms of scale, we don't see any problem there." 

 

The company said that the demand for residential solar power inverters is robust and its recent acquisition of Ksolare Energy Pvt. Ltd. will support fulfilling the demand of residential solar power operations. The government is increasing its focus on the domestic manufacturing of inverters and currently most of the inverters in India are supplied by Chinese companies and most of the Indian companies are importing, according to the company. "So there is a great opportunity for us to create a new segment, which is growing very rapidly. So our plan is to basically enter the residential market first and offer inverters together with their modules as bundled products," the management said.

 

The company is also planning to explore opportunities in the US in solar cell manufacturing. The company said on the solar modules side, there is oversupply in the US. The company sees India's solar cell manufacturing capacity at 80 GW by 2027, up from current 27 GW. The company sees significant demand for rooftop solar units going forward. 

 

The management said it is planning a capacity expansion of 2.2 GW at its cell manufacturing unit in Naidupeta, which will take the unit's total capacity to 7 GW from current 4.8 GW. The company expects the additional capacity to be completed by September 2026, while the original plan of 4.8 GW is set to be completed by June. 

 

At 1244 IST, the stock traded 0.3% lower at INR 1,087.50 on the National Stock Exchange.  End

 

IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT

 

Edited by Tanima Banerjee

 

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