Premier Energies and Inox Wind Energy report strong Q3 FY 2024-25 results

Premier Energies Limited reported strong third-quarter results for FY 2024-25, with a total income of Rs 17,494 million, up 144.76% from Rs 7,147 million in Q3 FY 2024. The company recorded revenue from operations of Rs 17,133 million and other income of Rs 361 million.

EBITDA increased by 337.76% to Rs 5,495.70 million, while profit after tax (PAT) surged by 490.58% to Rs 2,552.21 million. As of December 31, 2024, Premier Energies had an orderbook of 4,539 MW valued at Rs 69,461 million, with 63% allocated to modules, 36% to cells, and 1% to EPC services. The company aims to expand its manufacturing capacity to 7,000 MW for cells and 9,100 MW for modules by June 2026.

Meanwhile, Inox Wind Energy Limited recorded a net profit of Rs 1,244.3 million for the quarter ending December 2024, compared to a loss of Rs 65.2 million in the same quarter last year. The company’s total income rose by 95.35%, reaching Rs 9,947.4 million, up from Rs 5,092.1 million in the previous year’s corresponding quarter.