Premier Energies Reports Strong Q2 FY27 Results with Revenue Up 38.2% to ₹26,560 Million
Premier Energies reported strong Q2 FY27 results with revenue up 38.2% to ₹26,560 million. PAT grew 30.8% to ₹4,624 million. The company produced 916 MW solar cells with 99% capacity utilization. With its new 7 GW TOPCon facility, Premier Energies is now India's largest integrated manufacturer.
The substantial revenue growth, increased profitability, and expansion of manufacturing capacity, positioning the company as India's largest integrated solar manufacturer, are likely to have a significant positive impact on investor sentiment and future prospects.
The company reported significant year-on-year growth in revenue, EBITDA, and PAT, along with record production and capacity utilization, indicating strong operational and financial performance.
Premier Energies Limited announced its financial results for the quarter ended September 30, 2026 (Q2 FY27). The company reported a total revenue of ₹26,560 million, marking a year-on-year growth of 38.2%. Quarterly EBITDA stood at ₹7,600 million, with a 17.8% year-on-year growth and a margin of 28.6%. Profit After Tax (PAT) reached ₹4,624 million, a 30.8% year-on-year increase, resulting in a margin of 17.4%.
During the quarter, Premier Energies produced 916 MW of solar cells, achieving a record 99% capacity utilization, along with 1,199 MW of solar modules and 761 MVA transformers. The commissioning of its 7 GW N-type TOPCon solar cell facility at Naidupeta, Andhra Pradesh, in September, has made the company India's largest integrated manufacturer with a total cell capacity of 10.6 GW and module capacity of 11.1 GW.
Commenting on the results, Mr. Chiranjeev Saluja, Managing Director, 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 capitalize 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."
The company is undertaking a ₹12,500 crore capital expenditure program to enhance manufacturing capabilities, expand backward integration into ingots and wafers, and diversify into inverters, transformers, and battery energy storage systems.
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