Premier Energies Ltd

Premier Energies Limited has incorporated a wholly-owned subsidiary in Singapore, named PE Horizon Pte. Ltd., with an initial investment of SGD 10,000, or Rs 51,372, to carry on business in the clean energy industry. Additionally, the company is reorganizing its shareholding, transferring its entire stake in Premier Energies Storage Solutions Private Limited (PESSPL) to Premier Battery Technologies Private Limited (PBTPL), another wholly-owned subsidiary, through a share swap with a consideration of Rs 85,05,790, to consolidate its battery and energy storage businesses.

Premier Energies Limited has incorporated a wholly-owned subsidiary in Singapore, named PE Horizon Pte. Ltd., with an initial investment of SGD 10,000, or Rs 51,372, to carry on business in the clean energy industry. Additionally, the company is reorganizing its shareholding, transferring its entire stake in Premier Energies Storage Solutions Private Limited (PESSPL) to Premier Battery Technologies Private Limited (PBTPL), another wholly-owned subsidiary, through a share swap with a consideration of Rs 85,05,790, to consolidate its battery and energy storage-related businesses.

Premier Energies Ltd announced that Crisil Ratings Limited has issued a revision regarding the credit rating of its instruments, though specific details pertaining to the instrument, amount, or rating itself were not disclosed by the agency. The revision does not involve any enhancements, assignments, or withdrawals of ratings, and simply reflects information provided to Crisil Ratings Limited.

Premier Energies Ltd share price slipped 0.16% to Rs 1034.5. The Company's net profit grew slightly 3.30% to Rs 471.92 crore, while revenue from operations gained 10.42% to Rs 2462.59 crore in Q2FY26 over Q1FY26. The market capitalization of Other Electrical Equipment industry group stocks on BSE stood at Rs 3.29 lakh crore, rising 4.22%. It has improved by 7.36% over last one week and ticked higher by 6.66% in last one month while the market capitalization of Premier Energies Ltd has marginally improved by 6.31% and 3.33% in the same period respectively. Profit before tax (PBT) of Premier Energies Ltd stood at Rs 620.38 crore in Q2 FY26, jumping 53.96% year-on-year, and gaining 3.77% quarter-on-quarter. EBITDA came in at Rs 669 crore, expanding by 34.00% YoY and easing 5.20% sequentially. Total expenses increased by 12.80% to Rs 1843.86 crore in Q2FY26 over Q2FY25. During the quarter, cost of materials consumed stood at Rs 1349.33 crore, soaring by 51.02% YoY, while employee benefits expense was at Rs 48.87 crore, improving by 9.77% YoY. For the TTM ended FY26, revenue from operations jumped by 107.35% to Rs 6518.75 crore, while net profit surged by 305.05% to Rs 937.13 crore, compared to previous TTM. EBITDA witnessed a strong improvement of 85071% to Rs 1647.54 crore, and PBT witnessed a strong rise of 328.51% to Rs 1239.97 crore compared to previous TTM. The company's consolidated net cash flow from operating activities stood at Rs 1348.03 crore in FY26, as against Rs 90.15 crore in FY25. Premier Energies Ltd inched up 3.79% in last one year, significantly outperforming the benchmark BSE Sensex which has eased by 2.64% during the same period.

Premier Energies Limited will hold a board meeting on Thursday, August 06, 2026, to consider and approve the unaudited financial results for the quarter ended June 30, 2026, and to seek approval for raising funds up to Rs. 5,000 Crores through issuance of equity shares, non-convertible debentures with warrants, or other eligible securities, potentially via a Qualified Institutional Placement (QIP).

The domestic benchmarks indices continued to trade with significant gains in afternoon trade supported by foreign fund inflows and buying in blue-chip stocks. The Nifty traded above the 24,000 level. Investors are also closely tracking the first-quarter earnings season, with the focus on TCS' Q1 FY27 results due later in the day. Market participants will watch the IT major's management commentary for cues on discretionary technology spending by global clients and the demand outlook for the sector. All the sectoral indices in the NSE were traded in green with realty, media and consumer durables shares led the rally. At 12:26 IST, the barometer index, the S&P BSE Sensex advanced 503.25 points o 0.67% to 77,013.37. The Nifty 50 index rose 157.50 points or 0.65% to 24,036.85. The broader market outperformed the frontline indices. The BSE 150 MidCap Index rose 1.54% and the BSE 250 SmallCap Index jumped 1.74%. The market breadth was strong. On the BSE, 2,923 shares rose and 1,138 shares fell. A total of 225 shares were unchanged. In the commodities market, Brent crude for September 2026 settlement fell 93 cents or 1.19% to $77.09 a barrel. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, fell 9.72% to 13.25. Gainers & Losers: SBI Life Insurance (up 2.55%), Sun Pharmaceuticals Industries (up 2.56%), Grasim Industries (up 2.46%), Max Healthcare Insitute (up 2.20%) and Shirram Finance (up 2.18%) were the major Nifty50 gainers. Dr Reddy's Laboratories (down 5.90%), Maruti Suzuki India (down 1.20%), Infosys (down 1.17%), Eicher Motors (down 1%) and Oil & Natural Gas Corporation of India (ONGC) (down 0.89%) were the major Nifty50 losers. Stocks in Spotlight: Premier Energies rallied 4.24% after inaugurating its 5.6 GW solar module manufacturing facility at Seetharampur, Telangana. The company also broke ground for a 6 GWh Battery Energy Storage System (BESS) facility and an 18,000 MT per annum aluminium frames plant. Antony Waste Handling Cell rose 0.87% after the company reported a serious incident at its waste-to-energy (WtE) facility in Pimpri Chinchwad, Pune. The company said a waste mound outside the plant, destabilised by continuous and exceptionally heavy rainfall, collapsed onto the administration building during the afternoon, causing the structure to cave in. Dr Reddy's Laboratories tumbled 5.79% after the company said commercial supplies of certain batches of its semaglutide product will be delayed following a quality-related issue involving the active pharmaceutical ingredient (API). Semaglutide is widely used for the treatment of type 2 diabetes and obesity. The company said certain batches of semaglutide were found to be out of specification due to an issue associated with the API used in the product. It is currently investigating the root cause and taking appropriate corrective measures to ensure product quality. The Phoenix Mills added 4.95% after the company reported a strong operational performance across its retail, commercial office, hospitality and residential businesses for the quarter ended June 2026 (Q1 FY27). The company's retail portfolio continued to deliver robust growth, with consumption rising 32% year-on-year (YoY) to Rs 4,727 crore during the quarter Insolation Energy zoomed 13.93% after the company has received a contract worth Rs 558.29 crore, from NTPC Renewable Energy, a wholly owned subsidiary of NTPC. The order involves the supply of solar photovoltaic (PV) modules and is scheduled to be executed during the financial year 2026-27. Solex Energy jumped 2.21% after the company has received a work order from a leading independent power producer for the manufacture and supply of solar photovoltaic (PV) modules worth Rs 628.37 crore. The order involves the supply of N-Type TOPCon 615 Wp/620 Wp Glass-to-Glass (G12R) solar PV modules. The modules are scheduled to be supplied between October 2026 and March 2027. Global Markets: European and Asia market advanced despite renewed U.S.-Iran tensions. China's annual inflation eased to 1.0% in June 2026 from 1.2% in May, below market expectations of 1.1%, marking the slowest pace in three months. Consumer prices fell 0.3% month-on-month, while core inflation eased to 1.0% YoY. The U.S. launched fresh strikes on Iran in response to Tehran's attacks on commercial shipping in and around the Strait of Hormuz, U.S. Central Command said Wednesday afternoon. Earlier in the day, President Donald Trump said he may no longer be interested in negotiating a deal with Iran. Prior to that, he said that the ceasefire between the U.S. and Tehran is 'over' after another wave of attacks in the Middle East. Overnight on Wall Street, the Dow Jones Industrial Average pulled back from record levels on Tuesday as investors once again appeared to rotate out of names tied to artificial intelligence and as oil prices advanced. The 30-stock index lost 130.76 points, or 0.25%, after earlier hitting a new all-time intraday high. Ultimately, the Dow closed at 52,925.15. The Nasdaq Composite fell 1.16% to 25,818.69. The S&P 500 slid 0.45% to end at 7,503.85.Powered by Capital Market - Live

Premier Energies inaugurated its new 5.6 GW solar module manufacturing facility at Seetharampur in Rangareddy, Telangana. The company also performed a ground-breaking ceremony for its 6 GWh Battery Energy Storage System (BESS) facility and 18,000 metric tonnes per annum aluminium frames facility. The Seetharampur manufacturing campus, spread across 75 acres, is the newest addition to the Premier Energies manufacturing business. With commissioning of the new plant, Premier Energies module manufacturing capacity has reached 11.1 GW, strengthening the company's ability to serve domestic and international markets. The new facility houses advanced G12R TOPCon module manufacturing lines, India's first Zero Bus Bar manufacturing unit, AGV-enabled material movement and AI-powered quality inspection systems. The automated production lines are capable of manufacturing one solar module every four seconds while maintaining precision, consistency and quality at scale. The ground-breaking of the 6 GWh BESS and the 18,000 MT per annum aluminium frames plants marks the company's expansion into allied clean-energy and manufacturing segments. These projects are expected to strengthen the company's supply chain and contribute to India's goal of building a self-reliant clean-energy ecosystem. Once fully operational, the Seetharampur facility is expected to create 3000+ jobs empowering local communities and support a more diverse workforce. The facility has been designed with sustainability integrated into its operations, reflecting Premier Energies commitment to responsible growth.

The company also broke ground for a 6 GWh Battery Energy Storage System (BESS) facility and an 18,000 MT per annum aluminium frames plant. The new facility has increased Premier Energies' total solar module manufacturing capacity to 11.1 GW. The company said it will strengthen its presence in domestic and export markets. The Seetharampur plant features G12R TOPCon module manufacturing lines. It also houses India's first Zero Bus Bar manufacturing unit. The facility uses AGV-enabled material handling and AI-powered quality inspection systems. The automated production lines can manufacture one solar module every four seconds. The company said the proposed BESS and aluminium frames facilities will strengthen its clean energy manufacturing ecosystem. They are also expected to improve supply chain integration. Spread across 75 acres, the manufacturing campus is expected to create more than 3,000 jobs once fully operational. Premier Energies is one of India's leading integrated solar manufacturers. The company manufactures high-eƯiciency solar cells and modules and is expanding its presence across the clean-energy value chain. The company reported 64.45% jump in consolidated net profit to Rs 456.83 crore on 37.6% increase in revenue from operations to Rs 2,230.30 crore in Q4 FY26 over Q4 FY25. On 7 July 2026, the company announced that it received orders aggregating Rs 3,011 crore in Q1 FY27. Powered by Capital Market - Live

The orders comprise supply of a total 1,846 MW solar cells and modules with delivery scheduled across FY 2027 and FY 2028. The contracts have come from a mix of leading power producers, module manufacturers, EPC companies and other customers. Premier Energies stated that this strong order inflow would support its growth strategy as the company is the company undertaking significant expansion of its manufacturing capacities. The company has increased its module manufacturing capacity to 11.1 GW from 5.5, while solar cell manufacturing capacity is expected to grow from 3.6 GW to 10.6 GW by September 2026. Chiranjeev Saluja, managing director, Premier Energies, said: These new orders reflect the leadership position built by Premier Energies with investments in new technologies, scale and product quality.' Premier Energies is one of the largest integrated solar module manufacturers in India. The company reported 64.45% jump in consolidated net profit to Rs 456.83 crore on 37.6% increase in revenue from operations to Rs 2,230.30 crore in Q4 FY26 compared with Q4 FY25. The scrip advanced 0.76% to currently trade at Rs 1030 on the BSE. Powered by Capital Market - Live

Profit before tax (PBT) climbed 62.42% YoY to Rs 597.86 crore in the quarter ended 31st March 2026. EBITDA stood at Rs 713.43 crore, up 21.33% compared with Rs 588 crore posted in Q4 FY25. EBITDA margin declined 31.44% in Q4 FY26 from 34.99% in Q4 FY25. Solar module production climbed 37.01% year-on-year to 918 MW in Q4 FY26 compared with 670 MW in Q4 FY25. Solar cell production also jumped 59.38% to 722 MW in Q4 FY26 from 453 MW in Q4 FY25. As on 31st March 2026, order book stood at Rs 14,010 crore, up 2.09% compared with Rs 13,723.5 crore as on 31st March 2025. On an annual basis, the company's consolidated net profit 61.1% to Rs 1509.68 crore in FY26 compared with Rs 937.13 crore in FY25. Revenue from operations increased 20.03% to Rs 7824.37 crore in Q4 FY26 compared with Rs 6,518.74 crore in Q4 FY25. Meanwhile, the company's board approved raising of funds by way of issuance of equity shares, non-convertible debentures along with warrants, any other eligible securities convertible into equity shares through permissible modes, for an aggregate amount not exceeding Rs 5,000 crore or an equivalent amount thereof by way of one or more qualified institutional placement (QIP) or through any other permissible mode and/or combination thereof as may be considered appropriate. Premier Energies is one of the largest integrated solar module manufacturers in India. Powered by Capital Market - Live