Premier Energies posts strong Q3 results, revenue surges 141%
Premier Energies Ltd. reported a significant jump in its third-quarter revenue, which rose 140.6 per cent year-on-year to ₹1,713 crore for the period ended December 31, 2024. The company’s shares traded at ₹1,031.10, down 3.67 per cent on the NSE as of 12.10 PM, continuing their decline from the previous day’s close of ₹1,073.
The company’s net profit reached ₹255.2 crore, supported by increased other income of ₹36 crore and a tax reversal of ₹21 crore.
EBITDA showed remarkable growth, reaching ₹513.7 crore compared to ₹123 crore in the same quarter last year, with margins expanding to 30 per cent from 17.3 per cent. Quarter-on-quarter, the company recorded a 12.2 per cent growth in revenue and a 35 per cent increase in EBITDA.
The company’s order book stood at 4,539 MW worth ₹6,946 crore at quarter-end, with modules accounting for 63 per cent and cells for 36 per cent. Capacity utilization remained strong with cells at 96 per cent and modules at 74 per cent.
However, net debt increased to ₹1,917 crore from ₹1,193 crore year-on-year and ₹1,017 crore quarter-on-quarter. Premier Energies has announced plans to expand its manufacturing capacity to 7 GW for cells and 9.1 GW for modules by June 2026.
