Premier Energies reported a 30% year-on-year (YoY) increase in consolidated net profit to ₹458 crore for the second quarter of FY27, compared with ₹353 crore in the corresponding quarter last year. Revenue from operations rose 43.3% YoY to ₹2,632 crore from ₹1,837 crore in Q2 FY26.
The company’s operational EBITDA increased 31.2% YoY to ₹736 crore in the September quarter, compared with ₹561 crore in the year-ago period. However, operational EBITDA margin contracted to 28% from 30.5% a year earlier.
Total income, including other income, increased 38.2% YoY to ₹2,656 crore in Q2 FY27, compared with ₹1,921 crore in the corresponding quarter of the previous financial year.
The company reported a 30.8% YoY increase in profit after tax (PAT) to ₹462 crore during the quarter, compared with ₹353 crore in Q2 FY26. PAT margin stood at 17.4%, against 18.4% in the year-ago period.
Premier Energies Q2 operational performance
Premier Energies reported solar cell production of 916 MW during the quarter, while module production stood at 1,199 MW. Its cell manufacturing capacity stood at 10.6 GW, while module capacity was 11.1 GW.
The company’s order book stood at 10,729 MW, valued at approximately ₹16,600 crore, as of September 30, 2026. Modules and cells accounted for 48% each of the order book by value, while transformers and engineering, procurement and construction (EPC) contributed 2% and 1%, respectively.
Domestic orders accounted for 99% of the order book, while exports made up the remaining 1%.
The company also provided updates on its capacity expansion plans. Its 7 GW solar cell plant is expected to begin commercial production shortly. The facility will manufacture N-type TOPCon G12R solar cells, with a targeted average efficiency of 25.8%.
Work is also underway on its battery energy storage system (BESS), aluminium frames and ingot-wafer projects. The first phase of the 6 GWh BESS project is targeted for commissioning in July 2027, while the aluminium frames facility is expected to be commissioned in September 2027.
For the 10 GW ingot-wafer plant, the company said land acquisition had been completed and site development and design work were underway. Machinery orders for the first phase have also been placed.
Premier Energies reported a total debt-to-equity ratio of 0.72 as of September 2026. Its cash flow from operations to PAT ratio stood at 0.72 for the first half of FY27.
Premier Energies shares closed at ₹904 on the NSE, up ₹14, or 1.57%, from the previous close.