Low PE, High ROCE Solar Stock Reports 53% PAT Growth in Q1 FY27; Revenue Rises 34% on Strong Manufacturing Execution
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Premier Energies reported robust Q1 FY27 results with total revenue increasing 34.1 per cent YoY and net profit rising 53.3 per cent, while accelerating capacity expansion through its new 5.6 GW module plant and 7 GW solar cell facility
✨ Key Takeaways
On Friday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 63.30 points, or 0.26 per cent, to 24,572.70. Amid the weak market sentiment, Premier Energies share price jumps 0.07 per cent to Rs 1,042.40 after the company reported strong Q1 FY27 financial results, supported by robust revenue growth, higher profitability and continued expansion of its manufacturing capacity.
Premier Energies Q1 FY27 Financial Performance
Premier Energies reported total revenue of Rs 2,507.6 crore for Q1 FY27, registering a 34.1 per cent year-on-year growth. EBITDA increased 27.2 per cent YoY to Rs 759.4 crore, while maintaining a healthy EBITDA margin of 30.3 per cent.
The company's profit after tax (PAT) rose 53.3 per cent YoY to Rs 471.9 crore, translating into a PAT margin of 18.8 per cent during the quarter.
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Download Service BrochureManufacturing and Capacity Expansion
During the quarter, Premier Energies produced 844 MW of solar cells, 953 MW of solar modules, and 570 MVA of transformers, reflecting strong operational execution across its integrated manufacturing platform.
The company recently inaugurated its 5.6 GW Seetharampur solar module manufacturing facility, one of India's most advanced module manufacturing plants, equipped with automation capable of producing four solar modules every 16 seconds.
Premier Energies also reported significant progress on its 7 GW solar cell manufacturing facility at Naidupeta, where machinery installation is currently underway and trial runs are expected to commence shortly.
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Management Commentary
Commenting on the results, Mr. Chiranjeev Saluja, Managing Director of Premier Energies Limited, 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."
About Premier Energies
Premier Energies Ltd is one of India's leading integrated solar manufacturers with more than 30 years of industry experience. The company manufactures high-efficiency solar cells and modules and is expanding its integrated manufacturing capabilities across the solar value chain.
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Disclaimer: The article is for informational purposes only and not investment advice.