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Revenue
₹2,230 Cr
verified against source
Revenue YoY
20.7%
reported change
EBITDA
Pending
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Premier Energies delivered a record Q4 FY26 with revenue of ₹8,026 crore (+20.7% YoY) and PAT of ₹1,510 crore (+61.1% YoY), driven by strong execution, near-peak capacity utilization, and favorable product mix. EBITDA margin held steady at 30.4% despite commodity cost inflation. The order book surged 66% YoY to ₹14,010 crore, with over two-thirds expected to convert in FY27. Management highlighted the ramp-up of the 5.6 GW module plant and the upcoming 7 GW cell line (4.8 GW by June, 2.2 GW by September) as key growth drivers. ALMM2 implementation from June 1 is expected to boost DCR module demand. Risks include potential delays in ALMM2 enforcement and continued volatility in silver and aluminium prices.
Colored figures show movement against the previous available record.
Guidance to track
- Capex to be deployed across cells, ingots/wafers, batteries, and inverters.
- 4.8 GW by June 2026 and 2.2 GW by September 2026; stabilization in 4-6 months.
- Management aims to maintain A+ rating with debt-to-equity ~1x and debt-to-EBITDA ≤1.5x through capex cycle.
- Transcom acquisition completed; capacity nearly 7x increase with focus on HV/EHV segments.
Risks flagged
- If ALMM2 is delayed beyond June 1, DCR module demand surge may be postponed, but management sees low risk as order book is post-October.
- Rising silver and aluminium prices could pressure margins; management mitigates via hedging, stockpiling, and passing costs to customers.
- Large order book (₹14,010 crore) requires timely capacity ramp-up; any delay in new plants could impact revenue conversion.
- Escalation could disrupt supply chains and commodity prices, though management sees it as a long-term demand driver for renewables.
Key quotes
- Our total revenue has increased by 20.7% year-on-year to 8,026 crores.
- Our PAT has jumped 61.1% year-on-year to 1,510 crores.
- The new 5.6 GW module plant uses 40% less manpower on a per megawatt basis.
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