Premier Energies Q1 profit jumps 53% to ₹472 crore
Premier Energies’ first quarter profit for FY27, jumps over 53% to ₹472 crore; the company had reported a net profit of ₹307.8 crore in the first quarter of preceding 2025-26 fiscal
Premier Energies announced a substantial 53% increase in net profit for the first quarter of the fiscal year 2027, reaching ₹471.9 crore. This surge in earnings was fueled by heightened revenues across their core business domains. In a statement, the Hyderabad-based firm revealed that their total income rose to ₹2,507.6 crore, compared to ₹1,869.5 crore the previous year.
Managing Director Chiranjeev Singh Saluja attributed the company's continued growth to strong performance, enhanced manufacturing capabilities, and the robust demand for locally produced solar modules. Premier Energies recently inaugurated a 5.6 GW module manufacturing plant and is advancing their 7 GW solar cell manufacturing facility, with trial runs expected soon.
The company, with three decades of expertise in photovoltaic technology, is on track to more than double its solar cell manufacturing capacity to 10.6 GW and expand its module production to 11.1 GW. They are investing over ₹12,500 crore to upgrade solar capacities and venture into new sectors like ingots, wafers, inverters, and batteries.
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