Premier Energies Reports 72% Profit Surge in Q2, Plans Solar Cell Facility Expansion
Premier Energies Ltd announced strong Q2 results with a 72% increase in net profit to ₹353.40 crore. Revenue from operations grew by 20.30% to ₹1,836.80 crore, while EBITDA rose 47.40% to ₹560.70 crore. Operating margins improved from 25.00% to 30.53%. The company plans to expand its Solar PV Topcon Cell manufacturing facility in Naidupeta, Andhra Pradesh, to 7 GW capacity with an additional investment of ₹502.00 crore through its subsidiary. This expansion, financed through internal accruals, will be implemented over FY26-27.

*this image is generated using AI for illustrative purposes only.
Premier Energies Ltd has reported a significant increase in its financial performance for the second quarter, alongside plans for expansion of its solar cell manufacturing facility. The company's results show substantial growth across key financial metrics, indicating a strong position in the renewable energy sector.
Financial Highlights
| Metric | Q2 (Current) | Q2 (Previous Year) | Change | 
|---|---|---|---|
| Net Profit | ₹353.40 crore | ₹205.90 crore | +72.00% | 
| Revenue from Operations | ₹1,836.80 crore | ₹1,527.70 crore* | +20.30% | 
| EBITDA | ₹560.70 crore | ₹380.40 crore* | +47.40% | 
| Operating Margins | 30.53% | 25.00% | +5.53 percentage points | 
*Previous year figures calculated based on the reported percentage increases.
The company's financial results demonstrate robust growth, with net profit increasing by 72% year-over-year to ₹353.40 crore. Revenue from operations saw a 20.30% rise to ₹1,836.80 crore, while EBITDA grew by 47.40% to reach ₹560.70 crore. Notably, operating margins expanded significantly from 25.00% to 30.53%.
Expansion Plans
Premier Energies has announced plans to expand its Solar PV Topcon Cell manufacturing facility located in Naidupeta, Andhra Pradesh. The expansion aims to increase the facility's capacity to 7 GW, with an additional investment of ₹502.00 crore. This investment will be made through the company's subsidiary, Premier Energies Global Environment Pvt Ltd.
Key points of the expansion plan include:
- The expansion will be financed through internal accruals
- The investment will be spread over FY26-27
- The move is expected to strengthen the company's position in the solar energy sector
Industry Developments
The solar energy industry in India may see a boost due to recent regulatory changes. The GST reduction on solar cells, modules, and inverters from 12% to 5% is expected to have positive implications:
- Lower project costs for solar installations
- Potential increase in consumer demand for solar products
Market Response
Prior to the earnings announcement, Premier Energies' shares closed at ₹1,090.20 on the NSE, showing a marginal decline of 0.89%. The market's reaction to the strong financial results and expansion plans will be closely watched in the coming trading sessions.
The company's performance and expansion plans reflect the growing importance of renewable energy in India's power sector. As Premier Energies continues to invest in increasing its manufacturing capabilities, it positions itself to capitalize on the expected growth in solar energy adoption across the country.
Historical Stock Returns for Premier
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years | 
|---|---|---|---|---|---|
| +0.86% | -3.83% | +0.57% | +9.66% | -2.76% | +32.83% | 







































