Premier Energies Shares Surge 10% After Reporting 493% YoY Profit Growth in Q3FY25

Premier Energies Ltd. saw its shares rise by up to 10% after reporting a 493% YoY increase in net profit and a 140% surge in revenue for Q3FY25. The company’s EBITDA and profit margins also showed significant growth. With strong global demand and expansion plans, the stock remains a key market mover.

CONTENTS:

• BlackRock-backed Solar Stock Surges 10% Following 493% YoY Profit Growth in Q3
• Premier Energies Shares Jump 9% Following Strong Q3 Profit and Revenue Growth
• Premier Energies Q3 Results: Revenue Nearly Doubles, Tax Reversal Boosts Profit

Premier Energies Shares Surge 10% After Reporting 493% YoY Profit Growth in Q3FY25

BlackRock-backed Solar Stock Surges 10% Following 493% YoY Profit Growth in Q3

Premier Energies Shares Surge 10% After Reporting Shares of Premier Energies Ltd, India’s second-largest solar module and cell manufacturer, soared by up to 10% after the company reported an impressive 493% year-on-year (YoY) surge in net profit and a 140% increase in revenue for Q3FY25.

With a market capitalization of ₹51,683.54 crore, the company’s stock was trading at ₹1,146.55 per share, reflecting a nearly 7% rise from its previous closing price of ₹1,067.75.

Key Drivers Behind the Surge

Premier Energies Shares Surge 10% After Reporting The stock’s bullish momentum follows Premier Energies’ strong financial performance. The company’s revenue rose 12% quarter-on-quarter (QoQ), climbing from ₹1,527 crore in Q2FY25 to ₹1,713 crore in Q3FY25. On a YoY basis, revenue skyrocketed 140% from ₹712 crore in Q3FY24 to ₹1,713 crore in Q3FY25.

Net profit also showed significant growth, increasing 14% QoQ from ₹206 crore in Q2FY25 to ₹255 crore in Q3FY25. Compared to Q3FY24, net profit surged by 493% from ₹43 crore. Additionally, the company’s EBITDA margin expanded to 30%, up from 17.3% in the previous year.

The board of directors approved an interim dividend of 50% (50 paise per share) on the face value of ₹1 per equity share for FY25.

Strong Clientele and Global Presence

Premier Energies supplies its products to leading companies such as NTPC, Tata Power Solar Systems, Panasonic Life Solutions, Shakti Pumps, First Energy, and Luminous, among others.

The company has also expanded its footprint across multiple international markets, including the United States, Germany, Canada, France, South Korea, China, and the United Arab Emirates.

Order Book and Installed Capacity

As of December 2024, Premier Energies’ order book stood at ₹6,946 crore, comprising ₹4,375 crore for DCR solar modules, ₹2,500 crore for solar cells, and ₹69.46 crore for EPC projects.

With an annual installed capacity of 2GW in solar cell manufacturing, the company holds a 25% market share, making it India’s second-largest solar cell manufacturer. It is also the fourth-largest solar module manufacturer in India, with a 4.13GW capacity, contributing to 6% of the country’s total 72GW production.

Backed by Global Investors

Premier Energies has garnered strong interest from global and domestic investors, including BlackRock, Nomura, Abu Dhabi Investment Authority, DSP India, Morgan Stanley, HDFC, ICICI, and other pension and equity funds. Notably, BlackRock Institutional Trust Company, through National Pension Services, subscribed to 3.5% of the company’s anchor portion.

Expansion and Capex Plans

The company plans to significantly scale up its production capacity, expanding solar cell manufacturing from 2GW to 7GW and solar module manufacturing to 4GW. The expansion, with a capital expenditure of ₹3,400 crore, will be partially funded by IPO proceeds and other financial sources.

Company Overview

Premier Energies Shares Surge 10% After Reporting Premier Energies specializes in manufacturing solar photovoltaic (PV) cells and modules. The company focuses on bifacial monocrystalline PERC cells using the M10 wafer size (182mm x 182mm), which are assembled into solar modules for diverse applications.

Premier Energies Shares Jump 9% Following Strong Q3 Profit and Revenue Growth

Premier Energies Shares Surge 10% After Reporting Shares of Premier Energies Ltd surged by up to 9% on February 4, 2025, after the company reported a significant increase in net profit and revenue for the third quarter of FY 2024-25.

The stock opened higher and reached a peak of ₹1,170 per share, before settling at ₹1,098.50 per share by 10:15 am, reflecting a 2.63% increase. Over 27 lakh shares were traded in the morning session, with a total transaction value of ₹302.35 crore, giving the company a market capitalization of ₹49,445.44 crore.

Premier Energies posted a 490% rise in consolidated net profit to ₹254.90 crore for the October-December quarter of FY25, compared to ₹43.15 crore in the same period the previous year.

The company’s total income saw an impressive 144% YoY increase, reaching ₹1,749.38 crore in Q3FY25, up from ₹714.73 crore in Q3FY24. On a QoQ basis, income grew by 12% from ₹1,553.59 crore in the September quarter.

The company’s profit margin also improved substantially, rising to 14.59% in Q3FY25 from 6.05% in the year-ago quarter. Furthermore, its EBITDA surged by 338%, reaching ₹549.57 crore in Q3FY25, compared to ₹125.54 crore in Q3FY24.

Premier Energies Q3 Results: Revenue Nearly Doubles, Tax Reversal Boosts Profit

Premier Energies Shares Surge 10% After Reporting Premier Energies Ltd. reported impressive financial results for the quarter ending December 31, 2024. The company’s revenue surged by 140.6% year-on-year, reaching ₹1,713 crore. Its Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) crossed ₹500 crore, coming in at ₹513.7 crore, compared to ₹123 crore in the same quarter last year.

Net profit for the period was ₹255.2 crore, significantly boosted by a rise in other income to ₹36 crore from ₹2 crore last year, along with a ₹21 crore tax reversal. The company’s EBITDA margin improved to 30%, up from 17.3% in Q3FY24.

On a sequential basis, Premier Energies reported a 12.2% increase in revenue, while EBITDA grew by 35%. Margins expanded by 500 basis points from the previous year. In the September quarter, the company had posted a net profit of ₹205 crore.

Looking ahead, Premier Energies aims to expand its production capacity to 7 GW for cells and 9.1 GW for modules by June 2026. As of the end of December 2024, the company had an order book worth ₹6,946 crore, which includes 63% for modules and 36% for cells.

However, net debt rose to ₹1,917 crore at the end of the quarter, up from ₹1,193 crore last year and ₹1,017 crore in the previous quarter.

Despite the strong earnings, Premier Energies’ stock closed 1.8% lower at ₹1,073, still below its post-listing high of ₹1,388.