Premier Energies (PREMIERENE) investor relations material

Executive summary

• Achieved record revenue and profit in Q1 FY26, driven by strong execution, high capacity utilization, and new plant commissioning.

• Commissioned 1.4 GW module and 1.2 GW TOPCon cell lines in Hyderabad, advancing technology leadership and vertical integration.

• Maintained a robust, fully domestic order book, with demand strong across solar, battery storage, and rooftop segments.

• Board approved unaudited Q1 FY26 results and declared a 25% interim dividend per equity share.

• Focus remains on the Indian market, with minimal exposure to US exports.

Financial highlights

• Q1 FY26 consolidated revenue reached ₹18,207.42 million, up 12% year-over-year.

• EBITDA rose 61% year-over-year to ₹500.97 crore; PAT increased 55% to ₹3,078 million.

• EBITDA margin improved to 31.9% from 22.2% year-over-year.

• Basic and diluted EPS (consolidated) for Q1 FY26 was ₹6.83, up from ₹4.70 in Q1 FY25.

• Net debt position improved to -10,570 INR Mn; total debt/equity reduced to 0.49.

Outlook and guidance

• Targeting 10 GW+ integrated solar manufacturing capacity by FY 2028, with major expansion in cells, modules, and allied products.

• Accelerated plans for battery energy storage and inverter manufacturing, with revenue contribution expected from FY27.

• IPO proceeds to fund a 4 GW Solar PV TOPCon Cell and Module facility.

• Major pickup in ground-mounted project execution expected next year due to government schemes.

• Order pipeline remains strong, with significant orders signed post-June and robust demand outlook.