Premier Energies (PREMIERENE) investor relations material

Executive summary

• Achieved consolidated revenue of INR 25,076 Mn in Q1 FY27, up 34% year-on-year, with EBITDA and PAT growing 27% and 53% respectively.

• Profitability margins remained strong at 30.3% EBITDA and 18.8% PAT.

• Significant capacity expansions underway, including new module and cell plants, supporting future growth.

• Maintained high capacity utilization and robust order book, driven by domestic demand and industry tailwinds.

• No immediate plans to raise primary capital; focus remains on organic and inorganic growth opportunities, with potential fund raising up to ₹5,000 crore subject to approvals.

Financial highlights

• Revenue increased 34% year-on-year to INR 25,076 Mn in Q1 FY27.

• EBITDA rose 27% to INR 7,594 Mn; PAT surged 53% to INR 4,719 Mn, with margins at 30.3% and 18.8% respectively.

• Transcon subsidiary contributed INR 1,100 Mn revenue and INR 183 Mn PAT, with 27% EBITDA and 17% PAT margins.

• CapEx for the quarter was INR 1,500 crores, with INR 1,250 crores in solar and INR 250 crores in Transcon.

• Net debt stood at INR 16,417 Mn, with a debt-to-equity ratio of 0.79 at quarter-end.

Outlook and guidance

• Under-construction capacity includes 3.6 GW cells, 11.1 GW modules, and 10 GW ingot-wafers, targeting vertical integration.

• Allied products and services, including BESS and transformers, expected to contribute 25% of group revenues by 2028.

• Margins of 29%-30% ±100-150 bps expected to be sustainable for the next 2-3 years.

• Order book execution: 40%-45% to be delivered in FY 2028, with bulk of module orders for next 6-9 months.

• AGM will seek approval for raising up to ₹5,000 crore through QIP or other modes for growth and expansion.