Premier Energies (PREMIERENE) Q1 25/26 earnings summary

Executive summary

• Achieved record Q1 FY26 revenue of INR 18,695 million, up 12% year-over-year, and best-ever quarterly profit.

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

• Maintained a robust, nearly all-domestic order book, with strong pipeline into FY27 and multiple industry awards.

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

• Allotment of 2,220,000 equity shares to the ESOP Trust under the 2021 scheme was completed.

Financial highlights

• Consolidated revenue from operations for Q1 FY26 was INR 18,207.42 million, up from INR 16,573.67 million year-over-year.

• EBITDA rose 61% year-over-year to INR 5,971 million; PAT increased 55% to INR 3,078 million.

• EBITDA margin improved to 31.9% from 22.2% year-over-year; PAT margin reached 16.5%.

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

• Inventory markdowns due to sharp reduction in cell and wafer prices in China impacted EBITDA margin.

Outlook and guidance

• Mission 2028 targets 10 GW integrated manufacturing, 12 GWh battery storage, and 3 GW inverter capacity by FY28.

• All expansion projects progressing on schedule and within budget, including BESS and inverter lines.

• Battery storage and inverter verticals to contribute to revenue from FY27.

• IPO proceeds will be used to invest in a 4 GW Solar PV TOPCon Cell and Module manufacturing facility.

• Market demand expected to rise to 125 GW annually over the next decade.