The shares of the second-largest solar module and cell manufacturer gained up to 10 percent after the company’s net profit and revenue stretched by 493 percent and 140 percent YoY, respectively in Q3FY25.
With a market capitalization of Rs 51,683.54 crore, the shares of Premier Energies Ltd were trading at Rs 1,146.55 apiece, increasing around 7 percent as compared to the previous closing price of Rs 1,067.75 per share.
Reason for rise
The shares of the company have seen bullish movement after Premier Energies reported positive results in Q3FY25, revenue increased by 12 percent on a quarter-on-quarter basis from Rs. 1,527 crore in Q2FY25 to Rs. 1,713 crore in Q3FY25. Further, revenue zoomed by 140 percent year on year, from Rs 712 crore in Q3FY24 to Rs. 1,713 crore in Q3FY25.
The company’s net profit increased by 14 percent on a quarter-on-quarter basis, from Rs. 206 crore in Q2FY25 to Rs. 255 crore in Q3FY25. Further, net profit magnified significantly by 493 percent year on year from Rs 43 crore in Q3FY24 to Rs. 255 crore in Q3FY25. The company’s EBITDA margin expanded to 30% from 17.3% last year.
Additionally, the board of directors has approved interim dividend at the rate of 50% (50 Paisa Per share) on the face value of paid-up equity shares of Rs. 1/- each for the financial year 2024-25.
Prominent client & Footprint
The company has stronge clientele including NTPC, TATA Power Solar Systems Limited, Panasonic Life Solutions Private Limited, Continuum, Shakti Pumps, First Energy, Bluepine Energies Private Limited, Luminous, Hartek Solar Private Limited, Green Infra Wind Energy Limited, Madhav Infra Projects Limited, SolarSquare Energy Private Limited and Axitec Energy India Private Limited.
The company has exported its products around the globe includes, United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, the United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and Philippines.
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Order Book
As of December 2024, the company had an order book of Rs 6,946 crore This total included Rs Rs 4,375 crore for DCR solar modules, Rs 2,500 crore for solar cells, and Rs 69.46 crore for EPC projects.
Installed Capacity
Premier Energies Limited is the second-largest solar cell manufacturer in India with an annual installed capacity of 2 GW and a 25 percent market share and it is the 4th largest manufacturer of solar models with an annual installed capacity of 4.13 GW out of India’s 72 GW Capacity and 6 percent market share.
BlackRock and Other prominent investors
The company received a stellar response for its anchor investments from big names like Blackrock, Nomura, Abu Dhabi Investment Authority, DSP India, Morgan Stanley, PNB Paribas, HDFC, ICICI, and many other Indian and global pension/equity funds. National Pension services managed by Blackrock Institutional Trust Company subscribed 3.5 percent of the anchor Portion.
Capex Plans
The company currently has a 2GW solar cell manufacturing facility, with plans to expand to 7GW, and a 4GW solar module manufacturing facility with a capex plan of Rs. 3,400 crore, partially funded by IPO proceeds and other sources.
Company profile
Premier Energies is a manufacturer of solar cells and modules, with its core operations centered around the production of solar photovoltaic (PV) cells, specifically bifacial monocrystalline PERC cells using the M10 wafer size in a 182mm x 182mm format which could be assembled into solar modules.
Written by:- Abhishek Singh
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