Premier Energies (PREMIERENE) Q1 25/26 earnings summary

Executive summary

• Achieved record revenue and profit in Q1 FY26, driven by strong execution, high capacity utilization, and new plant commissioning, despite annual maintenance downtime and ramp-up of new capacity.

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

• Maintained a robust, almost entirely domestic order book, with multiple industry awards and certifications received.

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

• All projects for Mission 2028 are progressing on schedule and within budget, targeting 10 GW integrated manufacturing, 12 GWh battery storage, and 3 GW inverter capacity by FY28.

Financial highlights

• Q1 FY26 consolidated revenue: INR 18,207.42 million, up from INR 16,573.67 million year-over-year.

• Consolidated net profit: INR 3,077.93 million, up from INR 1,981.60 million in Q1 FY25.

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

• PAT margin reached 16.5% for the quarter.

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

Outlook and guidance

• Targeting 10 GW+ integrated solar manufacturing capacity by FY28, with expansion in ingots, wafers, cells, modules, and allied products.

• Battery storage and inverter businesses expected to contribute to revenue from Q1 FY27.

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

• Management remains confident in maintaining profitability and margin stability despite market volatility.