Premier Energies Limited Q2 FY27 profit rises 31% to ₹462 crore

Premier Energies Limited reported a 30.8% year-on-year rise in Q2 FY27 consolidated profit after tax to ₹462 crore, while revenue from operations increased 43.3% to ₹2,632 crore for the quarter ended September 30, 2026. The result also included an interim dividend of ₹0.50 per share and new capacity-expansion approvals.

What did Premier Energies report in Q2 FY27?

Premier Energies reported consolidated revenue of ₹2,632 crore in Q2 FY27, compared with ₹1,837 crore in Q2 FY26, reflecting year-on-year growth of 43%. Consolidated EBITDA rose 31% to ₹736 crore from ₹561 crore, while profit after tax increased to ₹462 crore from ₹353 crore.

The company’s EBITDA margin was 28% in the quarter, lower than 31% in the year-ago period by 257 basis points. PAT margin stood at 17.4%, compared with 18.4% a year earlier. The figures show that revenue and profit expanded, although profitability margins moderated from the comparable quarter.

What did the board decide on the dividend and expansion plan?

Premier Energies declared an interim dividend of ₹0.50 per equity share, equal to 50% of the ₹1 face value, with November 11, 2026 set as the record date. The board considered and approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.

The board also approved a ₹5,947 crore budget for a 10 GW ingot and wafer manufacturing facility at Naidupeta in Andhra Pradesh through subsidiary PEGEPL. Phase I, with 5 GW capacity, is targeted for completion by December 31, 2027. The company said land acquisition for the project was complete, while site development and design work were under way. Machinery orders for the first phase have also been placed.

How did Premier Energies' manufacturing operations perform?

Premier Energies produced 916 MW of solar cells and 1,199 MW of solar modules during Q2 FY27. Its installed solar-cell manufacturing capacity stood at 10.6 GW, while module capacity was 11.1 GW at the end of the quarter.

The company said its 7 GW solar-cell plant was expected to begin commercial production shortly. The unit is designed to manufacture N-type TOPCon G12R solar cells, with a targeted average efficiency of 25.8%. These operating updates are relevant because the company’s order pipeline and expansion projects require a rising manufacturing base across cells, modules and related components.

Premier Energies is also progressing with battery energy storage systems, aluminium frames, and ingot-wafer manufacturing projects. The first phase of its 6 GWh battery energy storage system project is targeted for commissioning in July 2027, while the aluminium frames facility is expected to be commissioned in September 2027.

What does the order book show for Premier Energies?

Premier Energies had an order book of 10,729 MW valued at about ₹16,600 crore as of September 30, 2026. Modules and cells each accounted for 48% of order-book value, while transformers contributed 2% and engineering, procurement and construction contributed 1%.

Domestic business accounted for 99% of the order book, with exports representing the remaining 1%. The company also disclosed that it secured new solar orders worth ₹4,001 crore during Q2 FY27. The high domestic share links Premier Energies’ near-term execution to demand from India’s solar-market customers and to the timely scaling of its local manufacturing facilities.

How did the results affect Premier Energies investors?

Premier Energies shares closed at ₹904 on the NSE, up ₹14, or 1.57%, from the previous close. The reported revenue, profit, dividend and order-book data give investors current measures of operating scale, earnings growth and committed demand, while the lower EBITDA and PAT margins remain relevant to assessments of financial performance.

The company reported a debt-to-equity ratio of 0.72 as of September 2026. Its cash flow from operations to PAT ratio was 0.72 for the first half of FY27. These disclosures provide context for the company’s planned investments, including the approved ₹5,947 crore ingot-wafer facility budget and other manufacturing projects.

Premier Energies scheduled an earnings call for November 5, 2026 at 10:00 AM IST to discuss the September-quarter results. Managing Director Chiranjeev Singh Saluja and Chief Financial Officer Nand Kishore Khandelwal were listed among the management participants for the call.

Conclusion

Premier Energies delivered higher Q2 FY27 revenue and profit, supported by solar-cell and module operations and a substantial domestic order book. Revenue rose 43% year-on-year to ₹2,632 crore and PAT increased 31% to ₹462 crore, while the decline in EBITDA and PAT margins indicates that earnings growth did not fully translate into higher margins.

The next disclosed event is the November 5, 2026 earnings call, where management is scheduled to discuss the September-quarter performance. Investors will also track progress on the 7 GW solar-cell plant, the ₹5,947 crore ingot-wafer project, and the stated 2027 commissioning targets for battery storage and aluminium frames facilities.