Premier Energies Ltd.
PREMIERENEIndustrials filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
7 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (0 of 7 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20241112 | 2023-09-30 | yes | |
| TRANSCRIPT | 20250206 | 2024-12-31 | yes | |
| TRANSCRIPT | 20260520 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250730 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251104 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260129 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260813 | 2026-06-30 | yes |
PREMIERENE
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
No split, bonus or consolidation is on record for this company inside the period this price series covers, so the closes need no adjustment.
| Last close | 898.00 |
| 52-week range | 683.1 – 1117.2 |
| Return 1M | -13.32% |
| Return 3M | -14.53% |
| Return 1Y | -14.04% |
| Return 3Y | not reported for this period |
| Return 5Y | not reported for this period |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,463.00 |
| Other income | 45.00 |
| Total income | 2,508.00 |
| Cost of materials consumed | 1,349.00 |
| Purchases of stock-in-trade | 254.00 |
| Changes in inventories | -88.00 |
| Employee benefit expense | 49.00 |
| Finance costs | 44.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.58 | -0.05 |
| institutions foreign | 0.08 | 0.02 |
| institutions domestic | 0.18 | 0.04 |
| mutual funds | 0.13 | 0.03 |
| public | 0.41 | 0.05 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 7 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 1,527.00 | 1,713.00 | 1,621.00 | 1,821.00 | 1,837.00 | 1,936.00 | 2,230.00 | 2,463.00 |
| Other income | 26.00 | 36.00 | 59.00 | 49.00 | 85.00 | 30.00 | 39.00 | 45.00 |
| Total income | 1,554.00 | 1,749.00 | 1,680.00 | 1,870.00 | 1,921.00 | 1,966.00 | 2,269.00 | 2,508.00 |
| Cost of materials consumed | 821.00 | 943.00 | 733.00 | 956.00 | 1,271.00 | 1,139.00 | 893.00 | 1,349.00 |
| Purchases of stock-in-trade | 204.00 | 115.00 | 177.00 | 113.00 | 97.00 | 104.00 | 430.00 | 254.00 |
| Changes in inventories | -131.00 | -7.00 | 34.00 | 48.00 | -284.00 | -93.00 | 13.00 | -88.00 |
| Employee benefit expense | 26.00 | 26.00 | 24.00 | 28.00 | 39.00 | 46.00 | 45.00 | 49.00 |
| Finance costs | 42.00 | 47.00 | 43.00 | 37.00 | 32.00 | 47.00 | 41.00 | 44.00 |
| Depreciation and amortisation | 90.00 | 152.00 | 177.00 | 158.00 | 146.00 | 70.00 | 79.00 | 96.00 |
| Other expenses | 226.00 | 124.00 | 124.00 | 127.00 | 153.00 | 148.00 | 174.00 | 184.00 |
| Total expenses | 1,278.00 | 1,399.00 | 1,312.00 | 1,467.00 | 1,454.00 | 1,461.00 | 1,676.00 | 1,888.00 |
| Profit before exceptional items and tax | 275.00 | 351.00 | 368.00 | 403.00 | 467.00 | 505.00 | 593.00 | 620.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 275.00 | 351.00 | 368.00 | 403.00 | 467.00 | 505.00 | 593.00 | 620.00 |
| Current tax | 89.00 | 117.00 | 103.00 | 122.00 | 123.00 | 120.00 | 126.00 | 163.00 |
| Deferred tax | -20.00 | -21.00 | -13.00 | -27.00 | -9.00 | -7.00 | 15.00 | -15.00 |
| Tax expense | 69.00 | 96.00 | 90.00 | 95.00 | 114.00 | 114.00 | 141.00 | 148.00 |
| Profit for the period | 206.00 | 255.00 | 278.00 | 308.00 | 353.00 | 392.00 | 457.00 | 472.00 |
| Profit attributable to owners | — | — | 277.00 | 308.00 | 353.00 | 392.00 | 457.00 | 463.00 |
| Profit attributable to non-controlling interests | — | — | — | 0.00 | 0.00 | -0.00 | 0.00 | 9.00 |
| Other comprehensive income | 0.00 | -0.00 | -0.00 | -0.00 | -1.00 | 28.00 | -23.00 | -32.00 |
| Total comprehensive income | 206.00 | 255.00 | 277.00 | 307.00 | 352.00 | 420.00 | 433.00 | 440.00 |
| Earnings per share, basic | 5.71 | 5.66 | 6.16 | 6.83 | 7.89 | 8.72 | 10.14 | 10.45 |
| Earnings per share, diluted | 5.71 | 5.66 | 6.16 | 6.83 | 7.89 | 8.72 | 10.14 | 10.45 |
Annual results, as filed
| Line | 2025-03-31 | 2026-03-31 |
|---|---|---|
| Revenue from operations | 6,519.00 | 7,824.00 |
| Other income | 133.00 | 202.00 |
| Total income | 6,652.00 | 8,026.00 |
| Cost of materials consumed | 3,436.00 | 4,259.00 |
| Purchases of stock-in-trade | 639.00 | 744.00 |
| Changes in inventories | -62.00 | -315.00 |
| Employee benefit expense | 106.00 | 158.00 |
| Finance costs | 177.00 | 158.00 |
| Depreciation and amortisation | 498.00 | 452.00 |
| Other expenses | 619.00 | 602.00 |
| Total expenses | 5,413.00 | 6,058.00 |
| Profit before exceptional items and tax | 1,239.00 | 1,968.00 |
| Exceptional items | 0.00 | 0.00 |
| Profit before tax | 1,239.00 | 1,968.00 |
| Current tax | 364.00 | 491.00 |
| Deferred tax | -61.00 | -27.00 |
| Tax expense | 303.00 | 464.00 |
| Profit for the period | 937.00 | 1,510.00 |
| Profit attributable to owners | 935.00 | 1,510.00 |
| Profit attributable to non-controlling interests | — | -0.00 |
| Other comprehensive income | -2.00 | 3.00 |
| Total comprehensive income | 935.00 | 1,513.00 |
| Earnings per share, basic | 21.35 | 33.63 |
| Earnings per share, diluted | 21.35 | 33.63 |
Balance sheet, as filed
| Line | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|
| Total assets | 5,291.00 | 6,841.00 | 7,734.00 | 10,845.00 |
| Non-current assets | 1,491.00 | 1,608.00 | 2,569.00 | 4,976.00 |
| Current assets | 3,800.00 | 5,233.00 | 5,165.00 | 5,869.00 |
| Property, plant and equipment | 1,189.00 | 913.00 | 1,552.00 | 1,653.00 |
| Capital work-in-progress | 25.00 | 242.00 | 327.00 | 2,144.00 |
| Goodwill | 0.00 | 0.00 | 0.00 | 0.00 |
| Other intangible assets | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 953.00 | 1,326.00 | 1,665.00 | 2,037.00 |
| Trade receivables | 576.00 | 801.00 | 977.00 | 983.00 |
| Cash and cash equivalents | 1,523.00 | 803.00 | 808.00 | 1,467.00 |
| Total equity and liabilities | 5,291.00 | 6,841.00 | 7,734.00 | 10,845.00 |
| Equity | 2,312.00 | 2,822.00 | 3,454.00 | 4,310.00 |
| Equity share capital | 45.00 | 45.00 | 45.00 | 45.00 |
| Other equity | 2,267.00 | 2,777.00 | 3,409.00 | 4,262.00 |
| Total liabilities | 2,979.00 | 4,019.00 | 4,280.00 | 6,535.00 |
| Non-current liabilities | 1,120.00 | 1,236.00 | 1,393.00 | 3,333.00 |
| Current liabilities | 1,859.00 | 2,783.00 | 2,888.00 | 3,201.00 |
| Borrowings, non-current | 863.00 | 924.00 | 1,029.00 | 2,932.00 |
| Borrowings, current | 386.00 | 970.00 | 498.00 | 685.00 |
| Trade payables | 989.00 | 965.00 | 982.00 | 1,155.00 |
Cash flow, as filed
| Line | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|
| Net cash from operating activities | 846.00 | 1,347.00 | 620.00 | 1,261.00 |
| Net cash from investing activities | -623.00 | -2,410.00 | -157.00 | -2,156.00 |
| Net cash from financing activities | 1,044.00 | 1,608.00 | -457.00 | 1,559.00 |
| Purchase of property, plant and equipment | 279.00 | 620.00 | 1,047.00 | 2,998.00 |
| Net increase in cash | 1,266.00 | 545.00 | 808.00 | 664.00 |
| con:CFO.BEFORE_TAX | 928.00 | 1,747.00 | 787.00 | 1,669.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 82.00 | 399.00 | 168.00 | 408.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 251.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 0.00 | -0.00 | 0.00 | 1.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2024-09-03 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 64.25 | 64.25 | 64.25 | 64.25 | 64.25 | 0.64 | 0.64 | 0.64 | 0.58 |
| Domestic institutions | 4.78 | 6.71 | 7.96 | 8.66 | 12.96 | 0.13 | 0.13 | 0.14 | 0.18 |
| Mutual funds | — | — | — | — | 8.28 | 0.08 | 0.08 | 0.09 | 0.13 |
| Insurance companies | 0.85 | 1.30 | 1.52 | 1.69 | 2.82 | 0.03 | 0.03 | 0.02 | 0.03 |
| Foreign institutions | 3.38 | 3.08 | 2.31 | 2.96 | 4.38 | 0.04 | 0.04 | 0.06 | 0.08 |
| Government | — | — | — | — | — | — | — | — | 0.00 |
| Public | 34.88 | 34.88 | 34.88 | 35.03 | 35.05 | 0.35 | 0.35 | 0.36 | 0.41 |
| Non-institutional | 26.71 | 25.08 | 24.62 | 23.41 | 17.71 | 0.18 | 0.18 | 0.16 | 0.15 |
| Shares outstanding | 450774368 | 450774368 | 450774368 | 450774368 | 450774368 | 452994368 | 452994368 | 452994368 | 453951510 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Premier Energies Photovoltaic Private Limited | Subsidiary | Any other transaction, Purchase of goods or services | 21,124,265,000.00 | 9 |
| Premier Energies International Private Limited | Subsidiary | Any other transaction, Inter-corporate deposit, Purc | 16,194,429,000.00 | 10 |
| Premier Energies Limited | Holding | Any other transaction, Inter-corporate deposit, Loan | 4,858,848,000.00 | 18 |
| PREMIER ENERGIES GLOBAL ENVIRONMENT PRIVATE LIMITED | Subsidiary | Any other transaction, Inter-corporate deposit, Purc | 4,037,033,000.00 | 10 |
| Premier Solar Powertech Private Limited | Subsidiary | Any other transaction, Inter-corporate deposit, Purc | 1,838,159,000.00 | 6 |
| Brightstone Developers Private Limited | Associate Company | Any other transaction | 23,803,000.00 | 3 |
| Chiranjeev Singh Saluja | Managing Director of holding compa | Any other transaction, Remuneration | 18,952,000.00 | 5 |
| Prime pack Supports Private Limited | Enterprise over which Key Manageme | Purchase of goods or services | 11,320,000.00 | 1 |
| Grant Thornton Bharat LLP | Enterprise over which Key Manageme | Any other transaction | 10,920,000.00 | 1 |
| Surenderpal Singh Saluja | Chairman & Whole Time Director | Any other transaction, Remuneration | 7,295,000.00 | 4 |
| Sudhir Moola | Director | Any other transaction, Remuneration | 4,361,000.00 | 2 |
| Svarog Global Power Private Limited | Common Director | Sale of goods or services | 3,647,000.00 | 1 |
| Primepack Supports Private Limited | Enterprise over which Key Manageme | Purchase of goods or services | 3,280,000.00 | 1 |
| Mohan Preet Singh Khurana | Director | Any other transaction | 2,310,000.00 | 2 |
| Premier Photovoltaic Gajwel Private Limited | Subsidiary | Any other transaction, Loan, Purchase of fixed asset | 2,185,000.00 | 5 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-13 | Q1FY27 | PREMIER ENERGIES LIMITED | Read the call |
| 2026-05-20 | FYFY25 | PREMIER ENERGIES LIMITED | Read the call |
| 2026-01-29 | Q3FY26 | Read the call | |
| 2025-11-04 | Q2FY26 | PREMIER ENERGIES LIMITED | Read the call |
| 2025-07-30 | Q1FY26 | PREMIER ENERGIES LIMITED, momentum to continue. | Read the call |
| 2025-02-06 | Q3FY25 | Read the call | |
| 2024-11-12 | Q2FY24 | PREMIER ENERGIES LIMITED | Read the call |
What they said about it, quarter by quarter
| Topic | FYFY25 | Q1FY26 | Q1FY27 | Q2FY24 | Q2FY26 | Q3FY25 | Q3FY26 |
|---|---|---|---|---|---|---|---|
| Capex | FY27 is a year of large capex for us at INR5,100 crores to be deployed across cells, ingot wafers, batteries and inverters. | Is there a chance that Premier would do that to accelerate its capacity additions? | On the second bit, sir, I want to understand is this -- how much of capex did we incur in this quarter on the solar business? | This project would require a capex of INR230 crores, wherein the equity portion of 25% will be funded through internal accruals. | October 29, 2025 capex on these is going to be about INR4,000 crores. | Could you give the capex numbers for 1 gigawatt of cell and 1 gigawatt module and then module is about INR175 crores. | This expansion has been achieved with relatively low capex and shows our team's strong engineering capabilities. |
| Capital allocation | Our proposed acquisition of 51% stake in Transcon is complete. | — | — | — | On the transformer acquisition side, Transcon is poised to grow strongly with the total production capacity increasing from 2.5 GVA at present to 16.7… | — | Our transformer acquisition was completed in December 2025. |
| Costs | Could you just throw some insights on our execution and how are we managing this cost inflation which is ongoing? | So can the prices go more than the input cost increase? | So, my question is basically to understand if we are selling the DCR cell outside or the merchants, what is the profitability of those cells, rather t… | Could you please provide me an overview of the major raw materials required for a solar module and their respective contributions as percentages to a … | — | The depreciation again, has been a management call on the terms of the life of the equipment, in terms of technology, in terms of raw material availab… | Secondly, the cost environment is becoming more volatile, with some input costs rising sharply over the last few quarters. |
| Debt and cash | And there is also a net debt increase of approximately INR660 crores. | — | — | And for the short-term liabilities, working capital funds, it's in the range of about 8.5%. | So, as of now, we feel that, our cash flows are quite healthy. | If I read the presentation right, there's been a sharp increase in the net debt number Q-o-Q. | — |
| Demand | We believe this is going to provide a major boost to long-term demand for the sector. | Given this strong demand and outlook, we have accelerated our plans for both BESS and inverter manufacturing. | August 07, 2026 Solar demand has been strong, too, with nearly 12 gigawatt of capacity addition in quarter one itself, with great momentum in the PM S… | We are very well placed to benefit from the solar power demand outlook, and we are highly confident of achieving timely project execution and turnarou… | Subtly, the business stands on very solid ground supported by growing renewable power demand, improving technology, falling costs, and the government'… | And maybe just wanted to look at the order book as well the 69 billion order book that we have. | This growth in demand is expected to continue, notwithstanding issues like unsigned PPAs and transmission delays. |
| Guidance | So overall, I think the margin outlook for the business is likely to be favourable going into the future. | On the policy front, we are encouraged by the government's sustained push for domestic manufacturing, and we expect further initiatives to promote ups… | The overall business outlook for solar sector continues to be positive and encouraging. | Maybe just wanted to first start off, you know, given the strong performance in H1, is there any sort of revenue and EBITDA margin guidance that you w… | We expect that together with BSS, these new businesses will contribute approximately 30% of our revenue over time. | We expect the annual pace to pick up to about 20 lakh installations over the next year onwards. | The total capex on aluminum is going to be INR260 crores, and we expect commissioning by December 2026. |
| Margin | But going forward, the mix is only going to become more favourable wherein the DCR share is going to grow at the cost of the non-DCR market, which is … | But overall, the EBITDA margin is very stable and attractive. | Over the next few quarters, as new cell and transformer capacities come online, a major step is expected on the back of operating leverage, both in op… | This investment into aluminium frame manufacturing will improve our EBITDA margin by 100 basis points to 150 basis points. | There, the margin, if you look at it purely as like EBITDA by sales or PBT by sales, will be lower in comparison to our current business, which is bas… | Just wanted to sort of understand first on margin performance. | Premier Energies Limited January 23, 2026 And that is the reason that you would see a very minimal tolerance of about 4% to 5% in the overall revenue … |
| People | So will that mean reduction in utilization levels and how to look at that? | So my first question is on the utilization that we have given in slide number 24. | Our operational cell plants in Telangana delivered a record capacity utilization of 92%, showcasing our all-round excellence in plant operations. | — | When we look at the DCR portal, which I don't know, sometimes it becomes very misleading because the cell utilization, what you're showing in your pre… | So, obviously, the [inaudible 06:52] cell mix is favorable as well as utilization has gone up, but anything else from a cost perspective that would so… | Our 1.2 gigawatt G12R TOPCon cell line has ramped up in relatively short time, currently operating at 80% utilization and expected to reach full utili… |
| Pricing | May 15, 2026 So that gives us a good visibility in terms of the volumes as well as—as well as pricing and margins. | And, sir, have you seen any pricing pressure? | In terms of pricing, most of our cell pricing which are long- term is variable, so wafer is variable, silver is variable, and so is the exchange rate. | Actually, you were going through your presentation and one of the things which you have shared is the module pricing, right? | Margins have slightly gone down, you know, with recent changes, particularly, for example, the cell price increases etcetera. | So there is no change in the pricing is what we have mentioned? | And how much has it increased because of the silver price increase? |
| Revenue growth | — | We aim to have both verticals begin contributing to our top line from the beginning of FY27. Regarding our proposed cell manufacturing plant in the U.… | And also, just to clarify, in the call, you had also highlighted that whatever the order book you have is largely to do with a DCR module, but if I lo… | The EBITDA for the quarter stood at INR406.95 crores compared to INR107.02 crores in Q2 FY24, exhibiting a growth of 280.2%. | The company is also moving up the value curve by moving towards more lucrative MV, HV, and EHV segments, which should improve margins on a growing top… | My last question would be that the 1 gigawatt top line, I can see from your presentation that we have delayed the commissioning by one quarter. | Our lines are running consistently at best in industry utilization levels, and the order book remains healthy, giving us both top line and bottom line… |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2025-11-04 | Q2FY26 | PREMIER ENERGIES LIMITED | We expect that together with BSS, these new businesses will contribute approximately 30% of our revenue over time. |