Premier Energies Q3 Results: Net Profit Surged 6 Times, Revenue Climbs 140%

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Premier Energies has reported an impressive financial performance for Q3 FY25, driven by substantial revenue growth, improved margins, and a strong order book. Premier Energies Q3 results showcased the company’s robust performance. Net profit surged nearly sixfold year-on-year, supported by higher revenue, increased EBITDA, and favourable tax benefits. This robust growth underscores Premier Energies’ strengthened market position, benefiting from global renewable energy adoption and continued government support for solar power.

Premier Energies Q3 Results

Financial Highlights: Premier Energies Q3 Results Reflect Strong Growth

  • Revenue: INR 1,713.3 crore, a 140.6% increase from INR 712.4 crore in Q3 FY24.
  • EBITDA: INR 513.7 crore, rising 4.2 times from INR 123.00 crore.
  • Net Profit: INR 255.2 crore, increasing 5.9 times from INR 43.00 crore.
  • EBITDA Margin: Improved to 29.9% from 17.3%.
  • Net Debt: Increased to INR 1,917.00 crore from INR 1,193.00 crore YoY.
  • Other Income: INR 36.00 crore, up from INR 2.0 crore in Q3 FY24.

The significant jump in profitability was driven by operational efficiencies, stringent cost-control measures, and strong demand for Premier Energies’ solar products. By focusing on technological advancements, the company continues to solidify its position in India’s growing solar sector.

Order Book and Fulfilled Volumes in Premier Energies Q3 Results

As of 31 December 2024, Premier Energies reported a robust order book of 4,539 MW, valued at INR 6,946.10 crore, reflecting an 8% sequential growth. The order book distribution includes:

  • Solar Modules: 63%
  • Solar Cells: 36%
  • EPC Services: 1%

During Q3 FY25, the company fulfilled orders worth INR 1,711.0 crore and secured fresh orders totalling INR 2,240.00 crore, highlighting strong demand and Premier Energies’ ability to capitalize on the growing solar energy market.

Expansion Plans and Capacity Utilization

Premier Energies is aggressively expanding its manufacturing capabilities, with the following installed capacities:

  • Solar Cell Manufacturing: 2 GW
  • Solar Module Manufacturing: 4.13 GW

Future Expansion Plans:

  • 2 GW wafer manufacturing plant to commence production in FY26.
  • 1 GW additional solar cell and module capacity to be operational by Q1 FY26.
  • 4 GW solar cell and module manufacturing facility planned for launch between Q4 FY26 and Q1 FY27.
  • By June 2026, the company targets 7 GW solar cell and 9.1 GW solar module production capacity.

Current Capacity Utilization:

  • Solar Cells: 96%
  • Solar Modules: 74%

These expansions will enhance Premier Energies’ market presence, enabling it to meet growing domestic and international solar energy demand.

Board Decisions: Interim Dividend and Leadership Changes

The Board of Directors announced several strategic decisions:

  • Interim Dividend: A 50% interim dividend (INR 0.50 per share) has been declared. The record date for eligibility is 14 February 2025, with payout completion within 30 days.
  • Employee Stock Options: Ratification of PEL ESOP 2021 and approval of a new Employee Stock Option Scheme 2025.
  • Leadership Changes:
    • Revathi Rohini Buragadda reappointed as Whole-Time Director.
    • Sudhir Moola appointed as Additional Whole-Time Director.

IPO Utilization

The company completed its IPO on 03 September 2024, raising INR 1,291.4 crore via a fresh issue. The proceeds have been allocated as follows:

  • Investment in 4 GW Solar PV TOPCon Cell & Module facility in Hyderabad: INR 968.6 crore.
  • General corporate purposes: INR 270.3 crore.

As of 31 December 2024, INR 1,222.5 crore has been utilized, with the remainder temporarily invested in scheduled commercial banks.

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Industry Outlook and Future Prospects: Positive Trajectory Ahead

Premier Energies Q3 results underscore its growth trajectory in the renewable energy sector. With strong financials, an expanding order book, and aggressive capacity expansion, the company is well-positioned to capitalize on the solar energy boom.

Key industry drivers include:

  • Government support through the Production-Linked Incentive (PLI) scheme.
  • Rising domestic and global demand for solar products.
  • Increased self-reliance in India’s solar manufacturing sector.
  • Strategic integration into the global solar supply chain.

By maintaining a focus on sustainability, efficiency, and innovation, Premier Energies is poised for sustained long-term growth, reinforcing its leadership in India’s renewable energy transition.

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