Premier Energies Limited , a leading solar cell and module manufacturer, has reported record revenue and profit numbers for the quarter and half-year ended September 30, 2025. The company also announced significant expansion plans and new order wins, showcasing strong growth momentum in the renewable energy sector.

Financial Highlights

Premier Energies achieved record revenue and profit figures for Q2 FY26, although specific numbers were not disclosed. The company's performance was driven by increased production volumes and operational efficiencies.

New Orders and Expansion Plans

The company secured new orders worth INR 6,511.00 crores during the quarter from top-tier independent power producers, indicating robust demand for its products. This substantial order inflow has significantly bolstered Premier Energies' order book.

Accelerated Capacity Expansion

Premier Energies revealed plans to scale up its 4.8-gigawatt TOPCon cell project in Naidupeta, Andhra Pradesh to 7 gigawatt. This expansion is expected to bring the company's total cell capacity to 10.6 gigawatt by September 2026, advancing their original FY28 target by 18 months. The company plans to fund this expansion entirely through internal accruals, without incurring new debt.

Strategic Acquisitions

Premier Energies completed two strategic acquisitions to diversify its product portfolio:

1. KSolare (inverter business): This acquisition, in partnership with Syrma SGS, aims to strengthen Premier Energies' position in the residential inverter market. KSolare reported revenues of INR 143.00 crores in FY25.

2. Transcon (transformer business): The acquisition of Transcon is set to significantly boost Premier Energies' transformer manufacturing capabilities. Transcon's production capacity is expected to increase from 2.5 GVA to 16.75 GVA by April 2026.

Operational Updates

The company's new 1.2 gigawatt TOPCon cell line, commissioned in Q1, is ramping up and expected to reach full utilization by December 2025. This additional capacity will further strengthen Premier Energies' production capabilities.

Challenges and Outlook

While the company reported strong performance, it noted that revenue growth was temporarily impacted by unprecedented rains affecting customer site deliveries. Additionally, GST rate reductions led to postponed shipments beyond September 22, 2025.

Looking ahead, Premier Energies remains optimistic about the solar energy sector's growth prospects. The company's expanded capacity and diversified product portfolio position it well to capitalize on the increasing demand for renewable energy solutions in India and potentially in international markets.

Management Commentary

During the earnings conference call, Chiranjeev Singh Saluja, Managing Director of Premier Energies, emphasized the company's strong execution capabilities and strategic initiatives. He stated, "Our vision for this business is to increase the share of domestic value addition and market penetration over time."

The management also highlighted that the business stands on solid ground, supported by growing renewable power demand, improving technology, falling costs, and the government's commitment to domestic manufacturing.

As Premier Energies continues to expand its capacity and diversify its product offerings, it aims to strengthen its position as a leading player in India's renewable energy sector. The company's focus on backward integration and adoption of cutting-edge technologies is expected to drive its growth in the coming years.

Premier Energies Limited , a key player in the solar energy sector, has disclosed its latest monitoring agency report detailing the utilization of funds raised through its Initial Public Offering (IPO) conducted in August 2024. The report, covering the quarter ended September 30, 2025, provides insights into how the company has deployed the Rs 12,914 crore raised through the fresh issue.

Fund Allocation and Utilization

According to the report submitted to the stock exchanges, Premier Energies has utilized Rs 7,347.35 crore of the total proceeds. The allocation of funds is as follows:

Project Location Change

A significant development highlighted in the report is the change in the project location. Initially planned for Telangana, the company has shifted the site for establishing its 4GW solar PV cell and module manufacturing facility to Andhra Pradesh. This decision was approved by shareholders in April 2025.

Unutilized Funds

The report also sheds light on the management of unutilized funds:

• Unutilized proceeds: Rs 5,082.43 crore
• Deployment: Fixed deposits and bank accounts

Monitoring Agency

CRISIL Ratings Limited has been appointed as the monitoring agency, in compliance with SEBI regulations. Their involvement ensures transparency and adherence to regulatory requirements in the utilization of IPO proceeds.

Market Implications

This detailed disclosure of fund utilization demonstrates Premier Energies' commitment to transparency and efficient capital allocation. The substantial investment in expanding manufacturing capabilities aligns with India's push for self-reliance in the renewable energy sector.

The shift in project location from Telangana to Andhra Pradesh may have strategic implications, possibly related to infrastructure, incentives, or operational efficiencies.

As Premier Energies continues to deploy the raised capital, the market will closely monitor the progress of its 4GW solar PV cell and module manufacturing facility. The successful execution of this project could significantly strengthen the company's position in the competitive solar energy market.

The company's decision to allocate a substantial portion of funds for general corporate purposes provides financial flexibility, which could be crucial in navigating the dynamic renewable energy landscape.

Premier Energies' transparent reporting and strategic fund allocation reflect its commitment to growth and shareholder value. As the renewable energy sector continues to evolve, the company's expansion plans and financial management will be key factors in its future performance and market position.