Premier Energies posts 53% rise in Q1 FY27 profit, board approves Rs 5,000 crore fundraising
Premier Energies Limited reported a 53.3% year-on-year increase in consolidated profit after tax (PAT) to Rs 471.9 crore for the quarter ended June 30, 2026, supported by higher revenue and continued expansion of its manufacturing capacity. The company’s board also approved a proposal to raise up to Rs 5,000 crore through various equity-linked instruments, subject to shareholder approval.
The board further re-appointed Chairman and Whole-time Director Surenderpal Singh Saluja and Managing Director Chiranjeev Singh Saluja for fresh five-year terms from December 19, 2026 to December 18, 2031.
Financial performance
Revenue from operations rose 35% year-on-year to Rs 2,462.6 crore, while total revenue increased 34.1% to Rs 2,507.6 crore.
EBITDA stood at Rs 759.4 crore, up 27.2% year-on-year, with an EBITDA margin of 30.3%. PAT margin improved to 18.8%.
Basic earnings per share increased to Rs 10.45 from Rs 6.83 in the corresponding quarter last year.
The quarter also included the contribution from the newly created Power Transmission & Distribution Equipment segment following the acquisition of transformer manufacturer Transcon Industries Limited on April 3, 2026. The segment generated revenue of over Rs 106.4 crore during the quarter.
The board approved a proposal to raise up to Rs 5,000 crore through one or more permissible routes, including equity shares, convertible debentures with warrants, a Qualified Institutional Placement (QIP), or a combination of these instruments.
Capacity expansion
During the quarter, Premier Energies manufactured 844 MW of solar cells, 953 MW of solar modules and 570 MVA of transformers.
The company recently commissioned its 5.6 GW solar module manufacturing facility at Seetharampur and said installation of machinery is progressing at its 7 GW solar cell manufacturing plant at Naidupeta, where trial runs are expected to begin shortly.
Commenting on the results, Managing Director Mr. Chiranjeev Saluja said, “We are pleased to report another quarter of strong results. Our sustained growth reflects the strength of our integrated manufacturing platform, technology leadership and disciplined execution. The successful inauguration of our 5.6 GW Seetharampur module facility and the rapid progress at our 7 GW Naidupeta solar cell plant reinforce our commitment to expanding domestic manufacturing capabilities and supporting government’s Make in India vision. We are expecting a significant boost in our operating and financial performance over the next year as these new facilities come online and help us deliver industry leading margins.”
