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Informist, Saturday, Jan. 17, 2026

By Ashutosh Pati

MUMBAI – Premier Energies Ltd. is expected to post a strong performance for the December quarter, mainly because of an increase in production of solar cells, according to analysts. The stabilisation of the module facility commissioned in the June quarter and the scaling up of production at the recently inaugurated cell facility are also expected to support revenue growth in the reporting quarter.

The solar equipment manufacturer's consolidated net profit for the December quarter is expected to rise 32% on year to INR 3.38 billion, according to estimates from four brokerages. The highest estimate for the company's bottom line is INR 3.76 billion by Kotak Securities Ltd., while the lowest estimate is INR 3.16 billion by Prabhudas Lilladher Pvt. Ltd.

The company's revenue from operations is expected to rise over 22% on year to INR 20.93 billion, according to the average of the estimates. Kotak Securities has the highest estimate for the company's net sales at INR 23.06 billion, while Nuvama Wealth Management Ltd. has the lowest estimate at INR 18.79 billion. Sequentially, the company's top line is expected to rise around 14%, while its bottom line is expected to fall over 4%.

Brokerage Prabhudas Lilladher expects the company's revenue to grow 21% on year with production of modules seen at 951 megawatts. "We expect 23% y-y (year-on-year) revenue growth led by higher volumes due to execution of the healthy order book," Nomura Equity Research said.

Premier Energies is an integrated solar cell and solar module manufacturer and is involved in the entire solar value chain, including engineering, procurement, and construction services.

The company's earnings before interest, tax, depreciation and amortisation for the reporting quarter are seen at INR 6.16 billion, up over 12% on year, but down around 5% sequentially, the estimates showed. Estimates for the company's EBITDA range from a high of INR 6.78 billion by Kotak Securities to a low of INR 5.71 billion by Prabhudas Lilladher.

Kotak Securities expects the company's EBITDA margin to decline 58 basis points on year to 29.4% due to a 6-7% fall in realisations for modules and cells in the domestic market. "However, the effect of the same will only be partly felt in 3QFY26 (Oct-Dec) with full impact likely in the next quarter," the brokerage said. Nuvama, on the other hand, expects the company's EBITDA margin to rise 70 bps on year to 31%.

Nomura said investors will closely track management commentary on the company's capital expenditure plans and updates on new business verticals.

Of the four brokerage reports on the company available with Informist, three have a 'buy' or equivalent recommendation on the stock with an average target price of INR 1,303. This is around 79% higher than the current market price. One brokerage has a 'hold' recommendation on the stock.

On Friday, shares of Premier Energies closed 1.6% higher at INR 739.70 on the National Stock Exchange. Since reporting its September quarter earnings on Oct. 28, shares of the company have fallen over 32%. The company will detail its December quarter earnings Thursday.

Following are the Oct-Dec earnings estimates for Premier Energies from four brokerages in descending order by the estimate of net profit in INR million:

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Edited by Tanima Banerjee

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