Synopsis:
A leading renewable energy manufacturer reported strong growth with rising revenues, expanding solar and transformer capacities, and new international and domestic contracts. Backed by Rs. 10,000+ crore capex across solar, battery, and power segments, it continues advancing toward integrated clean energy leadership with robust financial and operational performance.
India’s renewable energy sector is expanding rapidly, driven by rising power demand and a national push for sustainability. The country is focusing on solar, wind, and green hydrogen to reduce dependence on fossil fuels. Backed by strong government initiatives and private investment, it’s becoming one of the fastest-growing markets for clean and affordable energy.
With a market capitalization of Rs 45,192.98 crore, on Friday, the shares of Premier Energies Ltd closed at Rs 997.65 per share, decreased around 6.23 percent as compared to the previous closing price of Rs 1,063.90 apiece.
Future Outlook
Premier Energies is rapidly scaling up its solar manufacturing capacity with major investments across cells, modules, and wafers. A new 1.2 GW TOPCon line will reach full utilization by Dec 2025, boosting total cell capacity to 10.6 GW by Sep 2026, pulled forward by 18 months. The Rs 4,000 crore module and cell expansion and the Rs 6,000 crore ingot-wafer plan aim for strong cost efficiency and zero-debt growth.
Moreover, the company is diversifying with a 6 GWh battery assembly line (Rs 600 crore capex) targeting over Rs 1,000 crore revenue by FY27. Its inverter JV plans Rs 1,500 crore sales by scaling 3 GW units, while transformer capacity will rise from 2.5 to 16.75 GVA by Apr 2026. These synergies across renewables—modules, BESS, inverters, and transformers position Premier for multi-segment growth and high returns.
Premier Energies Ltd delivered strong Q2FY26 results, with revenue rising 20% year-on-year to Rs 1,837 crore and net profit surging 71% to Rs 353 crore. This sharp earnings growth reflects improved operational efficiency, higher capacity utilization, and strong demand across product segments, underscoring the company’s accelerating momentum and solid financial performance.
During this quarter, Premier Energies secured contracts worth Rs 1,749 million from the Republic of Benin, Africa, for 750 rooftop solar systems, 4,400 solar streetlights, and 650 solar water heaters. Additionally, the company won Rs 583 million in orders from Maharashtra and Madhya Pradesh for 2,630 solar pump systems under the PM-KUSUM scheme, further expanding its solar footprint.
Recently, Premier Energies has formed a 51:49 joint venture with Transcon Industries, which will expand its transformer capacity to 4.25 GVA by January 2026, with a Rs 400 million capex. Additionally, a 72:28 JV with Neotrafo Limited targets 10 GVA by April 2026, with a Rs 2,000 million capex. The company expects strong growth in both LV and HV transformers.
Premier Energies is a leading player in the renewable energy sector, specializing in solar modules, transformers, and related technologies. The company offers end-to-end solutions, including manufacturing, EPC services, and turnkey projects.
Written by Abhishek Singh
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