Indian solar manufacturer Premier Energies has reported a net profit of INR 307.8 crore for the first quarter of FY 2025-26, marking a 55.3% year-on-year (YoY) increase from INR 198.2 crore in the same quarter last year.
Revenue rose 9.9% YoY to INR 1,820.7 crore, driven by strong operational performance and capacity utilization. The company reported solar cell manufacturing capacity utilization at 94% and module capacity utilization at 77% for the quarter.
As of June 30, 2025, Premier Energies had a robust order book of 5,545 MW, entirely domestic, with a total value of INR 8,603 crore. Of this, 60% is for solar modules, 39% for solar cells, and the remaining 0.6% from EPC services.
The company is aggressively pursuing expansion, targeting over 10 GW of integrated ingot-to-module manufacturing capacity by 2028. It has also diversified into allied products, including solar inverters, battery energy storage systems (BESS), and aluminium module frames.
Premier Energies aims to establish 6 GWh of cell-to-BESS pack manufacturing capacity by June 2026, with an additional 6 GWh by March 2027. It also targets a production capacity of one million string inverters annually (equivalent to 3 GW) by March 2026.
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