Shares of a leading solar cell manufacturer rose 3 percent after the company reported a 305 percent year-on-year jump in net profit, and revenue also saw a significant rise, reflecting strong operational performance and robust demand. The stock gained further momentum following the announcement of two strategic joint ventures to boost long-term growth.
During Monday’s trading session, the shares of Premier Energies Ltd reached an intraday high of Rs.1,163.90 per share, up 3.4 percent from the previous close of Rs.1,125.95 per share. The company shares debuted on the BSE and NSE on September 3, 2024, listing at Rs.990 per share, which was a notable 120 percent premium over its IPO issue price of Rs.450 apiece.
Financial Performance
Premier Energies Ltd experienced a significant rise fueled by strong net profit and revenue growth, as reflected in its latest financial results. In Q4 FY25, the company reported revenue of Rs.1,680.32 crore, marking a 47.55 percent increase compared to Rs.1,138.5 crore in Q4 FY24. Sequentially, however, revenue declined by 3.95 percent from Rs.1,749.38 crore in Q3 FY25, though overall operational momentum remains strong.
Net profit for the quarter stood at Rs.277.8 crore, marking a sharp 167.34 percent increase from Rs.103.9 crore in the same period last year. On a sequential basis, it rose by 8.86 percent from Rs.255.2 crore in Q3 FY25.
For the full year FY25, the company posted a total revenue of Rs.6,652.08 crore, up 109.74 percent from Rs.3,171.3 crore in FY24. Annual net profit surged to Rs.937.1 crore, registering a growth of 304.97 percent from Rs.231.36 crore in the previous year.
Joint Ventures
Premier Energies Limited, Nuevosol Energy Private Limited, and Premier-Green Aluminium Private Limited have entered into a joint venture to manufacture aluminium frames for solar photovoltaic modules in India. Premier-Green Aluminium, currently a wholly owned subsidiary of PEL, will serve as the JV entity, with PEL holding 80 percent and Nuevosol’s 20 percent stake. The JV will establish a state-of-the-art manufacturing facility to meet domestic and captive demand. The authorized share capital of the JV is Rs.10 lakh.
Additionally, in another agreement, Premier Energies entered into a joint venture with Sino-American Silicon Products Inc. (SAS) to manufacture and sell solar silicon wafers. The operations will be based in India with a focus on serving global markets. Premier Energies GWC Private Limited, currently a wholly owned subsidiary of PEL, will act as the JV entity, with PEL holding a 74 percent stake and SAS holding 26 percent.
Furthermore, the Board of Directors of the Company at its meeting held on 17 May 2025, have recommended the final dividend of Rs 0.5 per equity Share (50 percent dividend payout), subject to the approval of the shareholders.
Guidance and Capex
By FY 2028, the company targets a robust integrated annual manufacturing capacity, including 10 GW of solar cells, 11 GW of modules, 10 GW of ingots and wafers, and 36,000 metric tonnes of aluminium frames. Additionally, it aims to produce 12 GWh of battery storage cell-pack and container solutions and 3 GW of inverters. To support this expansive growth, a total estimated capital expenditure of Rs.12,500 crores has been earmarked. Backing this ambitious expansion is a strong and growing order book worth Rs.8,445.6 crores, highlighting the company’s healthy demand pipeline and long-term revenue visibility.
Written by – Siddesh S Raskar
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