News ArticlePremier Energies Reports ₹646.64 Million Profit for H1 2026-27 and Declares ₹0.50 Interim Dividend
Board approves ₹5,947 crore budget for 10 GW Ingot and Wafer Plant, sets November 11 as Record Date for dividend
Premier Energies Limited announced an interim dividend of ₹0.50 per equity share for FY 2026-27 and reported unaudited standalone financial results for Q2 and H1 ended September 30, 2026, showing a profit of ₹646.64 million for the half year. The company also disclosed a ₹5,947 crore budget approval for a 10 GW manufacturing facility through its subsidiary.
Premier Energies Limited
Financial Results
Premier Energies Limited declared an interim dividend of ₹0.50 per equity share and reported unaudited standalone financial results for the quarter and half year ended September 30, 2026, with a half-year profit of ₹646.64 million. The company’s board also approved a ₹5,947 crore budget for a 10 GW Ingot and Wafer Manufacturing Facility to be built by its subsidiary with a targeted Phase I completion by December 31, 2027.
The unaudited standalone financial results for Q2 FY 2026-27 showed total income of ₹4,615.34 million and total expenses of ₹3,764.15 million for the half year, resulting in a profit before tax of ₹851.19 million and profit after tax of ₹646.64 million.
The interim dividend of ₹0.50 per equity share corresponds to 50% of the face value of ₹1 per share. The Board fixed November 11, 2026, as the Record Date to determine shareholders eligible for the dividend, which will be paid on or before December 3, 2026.
Premier Energies’ wholly owned subsidiary, Premier Energies Global Environment Private Limited, received Board approval for a budget of ₹5,947 crore to establish a 10 GW Ingot and Wafer Manufacturing Facility at Naidupeta, Andhra Pradesh. The Phase I capacity of 5 GW is planned to be completed by December 31, 2027.
Highlights
- Standalone profit after tax was ₹359.70 million for Q2 and ₹646.64 million for H1 ended September 30, 2026.
- Total income for the half year was ₹4,615.34 million including ₹4,290.12 million from operations.
- Interim dividend of ₹0.50 per share declared, record date November 11, 2026, payment by December 3, 2026.
- Board approved ₹5,947 crore project budget for a 10 GW Ingot and Wafer Manufacturing Facility through subsidiary PEGEPL.
- Phase I, with 5 GW capacity, expected to complete by December 31, 2027.
- Earnings per share for the half year stood at ₹1.43 (basic and diluted).
Key Data Snapshot
What happened
- Premier Energies declared an interim dividend of ₹0.50 per equity share for FY 2026-27.
- The company announced unaudited standalone financial results for Q2 and H1 ended September 30, 2026.
- Premier Energies reported a profit after tax of ₹646.64 million for the half year.
- Board approved a ₹5,947 crore budget for a 10 GW Ingot and Wafer Manufacturing Facility via subsidiary PEGEPL.
- Phase I (5 GW capacity) aims for completion by December 31, 2027.
Financial performance
- Total income for the half year was ₹4,615.34 million, including ₹4,290.12 million from operations.
- Total expenses for the half year were ₹3,764.15 million.
- Profit before tax for the half year was ₹851.19 million.
- Earnings per share for the half year were ₹1.43 (basic and diluted).
- Standalone profit after tax for Q2 was ₹359.70 million.
- The company’s standalone results were subject to limited review by Deloitte Haskins & Sells.
Order and execution details
- The ₹5,947 crore manufacturing project will be located in Naidupeta, Andhra Pradesh.
- The project is undertaken by Premier Energies Global Environment Private Limited, a wholly owned subsidiary.
- The timeline for completing Phase I (5 GW capacity) is set for December 31, 2027.
Next milestones
- Record Date for interim dividend eligibility is November 11, 2026.
- Interim dividend payment will occur on or before December 3, 2026.
- Completion of Phase I 5 GW manufacturing facility is targeted for December 31, 2027.
Highlights
- Standalone profit after tax was ₹359.70 million for Q2 and ₹646.64 million for H1 ended September 30, 2026.
- Total income for the half year was ₹4,615.34 million including ₹4,290.12 million from operations.
- Interim dividend of ₹0.50 per share declared, record date November 11, 2026, payment by December 3, 2026.
- Board approved ₹5,947 crore project budget for a 10 GW Ingot and Wafer Manufacturing Facility through subsidiary PEGEPL.
- Phase I, with 5 GW capacity, expected to complete by December 31, 2027.
- Earnings per share for the half year stood at ₹1.43 (basic and diluted).
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Source Information
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