Financial Performance Summary

Premier Energies Limited announced its unaudited financial results (Standalone and Consolidated) for the quarter and half year ended September 30, 2026 (Q2 FY27).

Key Financial Metrics:

  • Total Revenue: INR 26,560 million, representing 38.2% year-over-year (YoY) growth
  • EBITDA: INR 7,600 million, representing 17.8% YoY growth
  • EBITDA Margin: 28.6%
  • Profit After Tax (PAT): INR 4,624 million, representing 30.8% YoY growth
  • PAT Margin: 17.4%

Operational Performance

The company demonstrated strong operational performance during the quarter:

  • Solar Cell Production: 916 MW, achieving record 99% capacity utilization
  • Solar Module Production: 1,199 MW
  • Transformer Production: 761 MVA

The record revenue and production numbers reflect strong operational performance driven by growing scale and demand for high-efficiency products.

Capacity Expansion and Manufacturing Capabilities

In September 2026, the company commissioned its 7 GW N-type TOPCon solar cell facility at Naidupeta, Andhra Pradesh. This expansion establishes Premier Energies as:

  • India's largest integrated solar manufacturer
  • Total Solar Cell Capacity: 10.6 GW
  • Total Solar Module Capacity: 11.1 GW

Management Commentary

Mr. Chiranjeev Saluja, Managing Director, commented on the results:

"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."

Corporate Background and Strategic Initiatives

Premier Energies Limited is India's largest integrated solar manufacturer with:

  • More than 30 years of solar manufacturing expertise
  • Focus on technology innovation, sustainability, and employee-centric culture
  • Great Place to Work certification for five consecutive years

Capital Expenditure Programme: The company is undertaking a ₹12,500 crore capital expenditure programme to:

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