News ArticlePremier Energies Posts 38.2% Revenue Growth and 30.8% PAT in Q2 FY27, Expands Solar Manufacturing Capacity to 10.6 GW Cells
Company reports record 99% solar cell capacity utilization and commissions 7 GW N-type TOPCon facility, boosting leadership as India's largest integrated solar manufacturer
Premier Energies Limited announced strong unaudited financial results for Q2 FY27 with total revenue of INR 26,560 million and profit after tax of INR 4,624 million, reflecting significant year-on-year growth. The company also achieved record solar cell and module production following commissioning of a 7 GW N-type TOPCon solar cell facility, solidifying its leadership in India's solar manufacturing industry.
Premier Energies Limited
General / Other
Premier Energies Limited reported strong unaudited financial results for the quarter ended September 30, 2026, with total revenue rising to INR 26,560 million and profit after tax reaching INR 4,624 million, marking significant year-on-year growth. The company's production of solar cells and modules hit record highs supported by the commissioning of a new 7 GW solar cell facility.
During Q2 FY27, Premier Energies achieved 916 MW of solar cell production at a 99% capacity utilization rate, alongside manufacturing 1,199 MW of solar modules and 761 MVA of transformers.
The commissioning of its 7 GW N-type TOPCon solar cell facility at Naidupeta, Andhra Pradesh, in September expanded the company's total solar cell capacity to 10.6 GW and module capacity to 11.1 GW, establishing it as India's largest integrated solar manufacturer.
Quarterly EBITDA was INR 7,600 million with a margin of 28.6%, and profit after tax margin stood at 17.4%.
Premier Energies is pursuing a ₹12,500 crore capital expenditure program to enhance manufacturing, expand backward integration, and diversify into inverters, transformers, and battery energy storage systems.
Highlights
- Total revenue in Q2 FY27: INR 26,560 million, up 38.2% year-on-year
- Profit after tax reached INR 4,624 million, a 30.8% year-on-year increase
- Solar cell production of 916 MW with 99% capacity utilization
- Commissioned a 7 GW N-type TOPCon solar cell facility in September 2026
- Total cell manufacturing capacity expanded to 10.6 GW and module capacity to 11.1 GW
- Quarterly EBITDA at INR 7,600 million with a margin of 28.6%
Key Data Snapshot
What happened
- Premier Energies reported unaudited financial results for Q2 FY27 ending September 30, 2026.
- Total revenue was INR 26,560 million, an increase of 38.2% year-on-year.
- Profit after tax stood at INR 4,624 million, up 30.8% year-on-year.
- Quarterly EBITDA amounted to INR 7,600 million with a 28.6% margin.
Operational performance
- Produced 916 MW solar cells in Q2 FY27 with a record 99% capacity utilization.
- Manufactured 1,199 MW solar modules and 761 MVA transformers during the quarter.
- Commissioned 7 GW N-type TOPCon solar cell facility at Naidupeta, Andhra Pradesh in September 2026.
- Expanded total cell manufacturing capacity to 10.6 GW and module capacity to 11.1 GW.
Funding and capital details
- Undertaking a ₹12,500 crore capital expenditure program to enhance manufacturing capabilities.
- Program includes expanding backward integration into ingots and wafers and diversification into inverters, transformers, and battery energy storage systems.
Background and context
- Premier Energies is India's largest integrated solar manufacturer with over 30 years of experience.
- Company is recognized for technology innovation, sustainability, and employee-centric culture.
- Recently received Great Place to Work certification for five consecutive years.
Highlights
- Total revenue in Q2 FY27: INR 26,560 million, up 38.2% year-on-year
- Profit after tax reached INR 4,624 million, a 30.8% year-on-year increase
- Solar cell production of 916 MW with 99% capacity utilization
- Commissioned a 7 GW N-type TOPCon solar cell facility in September 2026
- Total cell manufacturing capacity expanded to 10.6 GW and module capacity to 11.1 GW
- Quarterly EBITDA at INR 7,600 million with a margin of 28.6%
Disclosures
- SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015
Source Information
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