Premier Energies (PREMIERENE) Q4 24/25 earnings summary

Executive summary

• Achieved record annual revenue for FY 2025, with figures reported between INR 56,521 million and INR 66,521 million, up 110% year-over-year, and PAT of INR 9,371 million (+305%), driven by capacity expansion, robust demand, and operational optimization.

• Successfully completed IPO, raising between INR 12,388.89 million and INR 12,920 million, with proceeds allocated to new manufacturing capacity.

• Major expansion plans include new solar cell and module manufacturing facilities, entry into battery energy storage, and joint ventures for wafers and aluminum frames.

• Recognized for module reliability, sustainability, and received multiple industry awards and certifications.

• Audited consolidated and standalone financial results for FY 2025 were approved with an unmodified audit opinion.

Financial highlights

• FY 2025 revenue grew 110% year-over-year, with reported figures between INR 56,521 million and INR 66,521 million; PAT reached INR 9,371 million, up 305% year-over-year.

• EBITDA for FY 2025 was INR 19,142 million, up 279% year-over-year; EBITDA margin improved to 28.8%.

• Net cash from operations was INR 13,480 million; cash and cash equivalents at March 31, 2025, stood at INR 8,025.82 million (consolidated).

• Net debt/EBITDA at -0.52, total debt/equity ratio at 0.69 as of FYE 2025.

• Consolidated EPS for FY 2025: ₹21.35 (basic and diluted), up from ₹5.48 in FY 2023-24.

Outlook and guidance

• Targeting 10 GW integrated capacity by FY 2028, with ongoing expansions in ingots, wafers, cells, modules, and battery storage.

• No specific FY26 guidance provided, but strong order book and capacity expansion offer robust demand visibility.

• Focus on backward integration, technology upgrades (TOPCon), and entry into allied products and services.

• Demand visibility remains strong, supported by government schemes and policy impetus.

• Focus on timely execution of projects and maintaining industry leadership.