Premier Energies Limited Reports Q2 FY27 Results (NSE: PREMIERENE | BSE: 544238)

Premier Energies Limited (NSE: PREMIERENE | BSE: 544238), India’s largest integrated solar manufacturer, has released its unaudited financial and operational results for the quarter ended September 30, 2026 (Q2 FY27). The company posted strong year-on-year growth across key financial metrics alongside record capacity utilization and operational expansion.

Key Financial Highlights

For Q2 FY27, the company reported the following financial performance:

• Total Revenue: INR 26,560 million, representing a growth of 38.2% YOY.
• EBITDA: INR 7,600 million, an increase of 17.8% YOY, yielding an EBITDA margin of 28.6%.
• Profit After Tax (PAT): INR 4,624 million, growing 30.8% YOY, resulting in a PAT margin of 17.4%.

Operational Performance and Capacity Expansion

The quarter saw high operational performance driven by scale and demand for high-efficiency products:

• Solar Cells: Production reached 916 MW, achieving a record capacity utilisation of 99%.
• Solar Modules: Production stood at 1,199 MW.
• Transformers: Production reached 761 MVA.

In September, Premier Energies commissioned its 7 GW N-type TOPCon solar cell facility located at Naidupeta, Andhra Pradesh. Following this addition, the company reinforced its position as India’s largest integrated solar manufacturer, bringing its total manufacturing capacities to:

• Solar Cell Capacity: 10.6 GW
• Solar Module Capacity: 11.1 GW

Strategic Capex and Expansion Plans

Premier Energies is currently executing a ₹12,500 crore capital expenditure programme. The capex initiative is intended to:

• Strengthen existing manufacturing capabilities.
• Expand backward integration into ingots and wafers.
• Diversify product lines into inverters, transformers, and battery energy storage systems.

Management Commentary

Commenting on the Q2 FY27 performance, Mr. Chiranjeev Saluja, Managing Director of Premier Energies Limited, stated:

"Our steady performance in Q2 FY27 reflects disciplined execution and operational excellence. The recent commissioning of our solar cell and module facilities marks an important milestone in our growth journey and makes us well positioned to capitalise on the growing demand for high-efficiency solar products. As these facilities ramp up operations, they should help us in further enhancing production volumes, cutting down costs and strengthening our technological capabilities."