Earnings Review
Premier Energies Q3 numbers rise YoY; revenue misses view
This story was originally published at 20:48 IST on 22 January 2026
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--Premier Energies Oct-Dec consol net profit INR 3.92 bln
--Analysts saw Premier Energies Oct-Dec consol net profit at INR 3.38 bln
--Premier Energies Oct-Dec consol revenue INR 19.36 bln
--Analysts saw Premier Energies Oct-Dec consol revenue at INR 20.93 bln
--Premier Energies Oct-Dec consol PAT INR 3.92 bln vs INR 2.55 bln yr ago
--Premier Energies Oct-Dec consol revenue INR 19.36 bln vs INR 17.13 bln
--Premier Energies Apr-Dec consol PAT INR 10.53 bln vs INR 6.59 bln yr ago
--Premier Energies Apr-Dec consol revenue INR 55.94 bln vs INR 48.98 bln
--Premier Energies Oct-Dec consol EBITDA INR 6.23 bln vs INR 5.50 bln yr ago
--Premier Energies Oct-Dec consol EBITDA margin 31.68% vs 31.42% year ago
--Premier Energies order book INR 137.2 bln Dec 31 vs INR 132.5 bln qtr ago
--Premier Energies Oct-Dec modules production at 956 MW vs 665 MW year ago
--Premier Energies Oct-Dec cells production at 593 MW vs 459 MW year ago
By Ashutosh Pati
MUMBAI – Premier Energies Ltd. Thursday reported a sharp growth in both its top line and bottom line for the December quarter but missed the Street's expectations on the former. The company's revenue growth was driven by a robust production of solar cells and modules.
The solar equipment manufacturer's consolidated net profit grew over 53% on year to INR 3.92 billion in the December quarter, surpassing analysts' expectations of INR 3.38 billion. Its revenue from operations rose 13% on year to INR 19.36 billion. However, this was below expectations of INR 20.93 billion. Sequentially, the company's net profit rose around 11% and revenue rose over 5%.
The company's consolidated earnings before interest, tax, depreciation and amortisation rose to INR 6.23 billion in the latest quarter from INR 5.50 billion in the year-ago period. Its EBITDA margin rose slightly to 31.68% from 31.42% a year ago.
Premier Energies' modules production rose around 44% on year to 956 megawatts in the December quarter and the production of solar cells rose over 29% on year to 593 megawatts. Its order book rose to INR 137.2 billion as of Dec. 31 from INR 132.5 billion in the trailing quarter.
The company's total expenses increased 4.5% on year to INR 14.61 billion in the reporting quarter, led by a sharp jump in cost of raw materials and other expenses. Premier Energies' cost of materials consumed rose around 21% on year to INR 11.39 billion and other expenses rose around 30% to INR 1.39 billion during the latest quarter.
For the nine months ended December, the company reported consolidated net profit of INR 10.53 billion on revenues of INR 55.94 billion. Its net profit for the period rose around 60% on year and revenue from operations rose over 14%.
Premier Energies' cell and module expansion plans are on track, the company said in its investor presentation. The 5.6 gigawatts module manufacturing plant at Seetharampur in Telangana is expected to be completed by March. Its 7 gigawatt cell manufacturing plant at Naidupeta in Andhra Pradesh is expected to be completed in two tranches--4.8 gigawatts by June and remaining 2.2 gigawatt by September.
The company declared its December quarter results post market hours. On Thursday, shares of Premier Energies closed 4% higher at INR 739.75 on the National Stock Exchange. End
IST, or Indian Standard Time, is five-and-a-half hours ahead of GMT
Edited by Akul Nishant Akhoury
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