Premier Energies Reports Strong Q1 FY27 with 53 Percent Surge in Net Profit

Premier Energies has announced its financial results for the quarter ended June 30, 2026, delivering another quarter of strong growth driven by robust execution, expanding manufacturing capabilities and strong demand for domestically manufactured solar modules. 

The Company reported total revenue of INR 25,076 million, up 34.1 percent year-on-year. EBITDA stood at INR 7,594 million, registering a 27.2 percent YoY growth with a healthy 30.3 percent EBITDA margin, while Profit After Tax (PAT) was reported at INR 4,719 million with 53.3 percent YoY growth, translating into a PAT margin of 18.8 percent. During the quarter, the Company produced 844 MW of solar cells, 953 MW of solar modules, and 570 MVA of transformers. 

Premier Energies recently inaugurated its 5.6 GW Seetharampur module manufacturing facility, one of India's most advanced module manufacturing plants, equipped with automation capable of producing four modules every 16 seconds. The Company also made significant progress on its 7 GW solar cell manufacturing facility at Naidupeta, where machinery installation is underway and trial runs are expected to commence shortly. 

Commenting on the results, Chiranjeev Saluja, Managing Director, Premier Energies, said, "We are pleased to report another quarter of strong results. Our sustained growth reflects the strength of our integrated manufacturing platform, technology leadership and disciplined execution. The successful inauguration of our 5.6 GW Seetharampur module facility and the rapid progress at our 7 GW Naidupeta solar cell plant reinforce our commitment to expanding domestic manufacturing capabilities and supporting the government's Make in India vision. We are expecting a significant boost in our operating and financial performance over the next year as these new facilities come online and help us deliver industry leading margins.”