Premier Energies (PREMIERENE) Q3 24/25 earnings summary

Executive summary

• Achieved consolidated revenue of INR 17,494 million in Q3 FY25, up 144.76% year-over-year, with PAT rising 490% to INR 2,552 million and PAT margin at 14.59%.

• Operating EBITDA grew 316% year-over-year to INR 5,135 million, with margin improving to 29.97%.

• Capacity utilization peaked at 96% in Q3 FY25, reflecting strong operational efficiency.

• Order book stood at INR 69 billion as of December 31, 2024, with most orders executed within 12-15 months.

• Interim dividend of ₹0.50 per share declared for FY 2024-25.

Financial highlights

• Revenue rose from INR 7,147 million in Q3FY24 to INR 17,494 million in Q3FY25; 9M FY25 revenue reached INR 48,979 million, up 142.81% year-over-year.

• Operating EBITDA margin improved from 17.30% to 29.97% year-over-year.

• Net debt to EBITDA ratio reduced to 0.62 in Q3 FY25 from 9.51 a year ago.

• Export sales comprised 74.7% of Q3 FY25 revenue, with domestic sales at 25.3%.

• EPS (consolidated, Q3 FY25): ₹5.66, up from ₹1.29 in Q3 FY24.

Outlook and guidance

• Expansion plans target 9.1 GW module and 7 GW cell capacity by June 2026, with wafer production (2 GW) to commence in FY 2026.

• Board approved technological upgradation plan for manufacturing assets in subsidiaries.

• Plans for 1.2 GW cell line in the US under review for FY 2028.