Premier Energies Reports INR 2,508 Crore Q1 FY27 Revenue, INR 472 Crore PAT, Expands Solar Manufacturing

Premier Energies Limited has reported strong financial performance for the first quarter of FY2026-27, driven by higher sales of solar cells and modules, expanding manufacturing capacity, and continued execution of its growth strategy. On a consolidated basis, the company posted total income of ₹2,507.64 crore, up 34.13% year-on-year, while revenue from operations increased 35.25% to ₹2,462.59 crore. EBITDA rose 27.19% to ₹759.40 crore, and profit after tax (PAT) climbed 53.32% to ₹471.92 crore, with PAT margin improving to 18.82%.

During the quarter, Premier Energies continued to expand its manufacturing footprint across the solar value chain. The company inaugurated its 5.6 GW Seetharampur solar module manufacturing facility, equipped with advanced automation capable of producing four modules every 16 seconds.

Construction of its 7 GW solar cell plant at Naidupeta is nearing completion, with trial production expected to begin shortly. The company also highlighted progress in its transformer business through subsidiary Transcon, including the development of a 10 GVA HV and EHV transformer facility, which is expected to be commissioned by September 2026.

Premier Energies reported an order book valued at approximately ₹15,000 crore, representing 9,867 MW of projects, with nearly the entire backlog coming from the domestic market. The order book is primarily composed of solar cell and module businesses, providing revenue visibility for the coming quarters.

Production during Q1 FY27 reached 844 MW of solar cells and 953 MW of solar modules, while the company continues expanding its integrated manufacturing capabilities across ingots, wafers, modules, battery energy storage systems (BESS), aluminium frames and transformers.

The company said industry fundamentals remain favourable, citing rising solar installations, increasing electricity demand from AI-enabled data centres, growing opportunities in battery energy storage systems, and continued government policy support for domestic renewable energy manufacturing and deployment. It also reiterated its long-term strategy to become a diversified clean energy solutions provider by expanding beyond solar manufacturing into transformers, inverters, battery energy storage systems and EPC services.