Premier Energies is counted among India’s top solar module manufacturers. Since its IPO launch last year, the company has grown at an exceptional rate. In its third quarter results, the company has shown that its net profit rises to 490% from the same quarter last year. In addition, Premier Energies has secured an INR 1,34 crore order for the manufacturing of solar PV modules.
The company’s latest numbers show Q3 FY25 net profit at INR 255.22 crore, up from INR 43.22 crore in the same quarter last year. This is the result of the company’s operational efficiency and increasing demand.
Highlights of Premier Energies Q3 FY25 Results
- 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.
Premier Energies launched its IPO on 27 August 2025, the issue size was 2,830.04 crore. The issue concluded with an impressive subscription of 74.3 times. Premier Energies is listed with 86.64% returns. On 16 December 2024, it reached its all-time high of INR 1,373.50 per share, which reflects a 3X return from its allotment price.
However, there is always a down for a rise, the stock started to decline in January due to various adverse market conditions such as FII selling, global conflict, tariff war, etc. Premier Energies was trading around INR 910 per share on 6 March 2025, which is ~33% down from its record high.
New PV Module Deal
The company’s new order includes the production of both solar modules and solar cells. The company has received this order from two big Independent Power Producers (IPPs) and other customers. The company’s orders are worth INR 1,460 crore, out of which INR 1,041 crore will be received from solar modules and INR 419 crore from solar cell production. Supply of the product will start in April 2025.
It is a clear sign that Premier Energies will capitalize on the growing demand for solar energy solutions in India. The company has a strong dominance in the Indian market,t and it is a preferred supplier for large scale power producers.
Expansion and Relocation Plans
While Premier Energies is growing strongly, its expansion plans have taken an unexpected turn. Recent filings with stock exchanges show that the company is planning to relocate its 4 GW solar PV cell manufacturing facility from Telangana to Andhra Pradesh. This is in line with its backward integration strategy of consolidating silicon ingot and wafer manufacturing along with solar PV cell production. This involves an investment of INR 1,700 crore in Andhra Pradesh’s Naidupeta Industrial Park, Nellore district. Andhra Pradesh Industrial Infrastructure Corporation has allotted 269.71 acres of land to Premier Energies. The company will have a seamless supply chain for ingot, wafer and PV cell production. This will create 2,000 jobs and reduce costs for the company.
Investor Interest and Market Sentiment
Premier Energies has attracted big institutional investors like BlackRock, Nomura, HDFC, ICICI and Morgan Stanley. BlackRock Institutional Trust Company has cornered a 3.5% stake in the company’s anchor portion. This is a strong institutional endorsement.
With the Indian government promoting solar energy through subsidies and policy support, Premier Energies is going to benefit big time. The recent order inflows and profit growth have cemented its position as a major player in India’s renewable energy space.
What’s Next?
With a growing domestic market, strategic expansion and a strong order book, Premier Energies is looking good. Backward integration and focus on high-value solar module production will only add to its strength. Investors and analysts will watch closely as it scales up manufacturing and potentially re-enters the export market.
For those following India’s solar space, Premier Energies’ next few quarters will be a marker for the overall industry’s growth potential.
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