Premier Energies Q1 net profit soars 55% to ₹308 cr
, a Telangana-based
renewable energy
firm, on Monday announced 55 per cent surge in its consolidated
net profit
, reaching ₹307.8 crore in the April-June (Q1) period of FY26, an improvement from the ₹198.1 crore profit recorded in the same period last financial year, according to a report by news agency
PTI
.
It added that the growth was driven by increased revenues from its core solar cell and module manufacturing businesses.
The company's revenue for the first quarter climbed to ₹1,869.6 crore, up from ₹1,668.7 crore in the corresponding period last year. Profit before tax also saw a healthy increase, rising to ₹402.9 crore from ₹245.7 crore.
'Our new cell line is one of the first TOPCon cell manufacturing plants in India and marks the company's foray into the next generation of high-efficiency solar technologies,' said Chiranjeev Saluja, managing director and chief executive officer, Premier Energies.
The company has successfully commissioned its new 1.4 GW module and 1.2 GW TOPCon solar cell lines during the quarter, boosting its total manufacturing capacity to 5.1 GW and 3.2 GW. It added that commercial production at these new facilities is expected to commence soon.
It plans to further expand its solar cell and module manufacturing capacity to 8.4 GW and 11.1 GW by June 2026. The renewable energy firm is diversifying into allied areas such as ingots and wafers,
battery storage
, and solar inverters.
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