Premier Energies Q2 Result: Profit surges 72% on-year; margin expands

Premier Energies Ltd posted strong second-quarter results, with consolidated net profit rising 72% year-on-year to ₹353.4 crore compared with ₹205.9 crore in the same period last year.

Revenue from operations grew 20.3% to ₹1,836.8 crore, while EBITDA rose 47.4% to ₹560.7 crore.

Operating margins expanded to 30.53% from 25% a year earlier, reflecting improved operational efficiency and demand momentum in the renewable energy sector.

Ahead of the earnings announcement, shares of Premier Energies closed 0.89% lower at ₹1,090.20 on the NSE.

The company said it plans to expand its upcoming Solar PV Topcon Cell manufacturing facility at Naidupeta, Andhra Pradesh, to 7 GW with an additional investment of ₹502 crore through its wholly owned subsidiary, Premier Energies Global Environment Pvt Ltd. The capex, to be financed through internal accruals, will be spread over FY26–27.

The recent GST reduction on solar cells, modules and inverters—from 12% to 5%—is expected to lower project costs and boost consumer demand.

The company sees continued policy support for domestic manufacturing, alongside an improving outlook for solar cell production in the United States, as key growth enablers for the company’s future expansion plans.