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Premier Energies Q4 Results: Aggressive expansion plans, new JV highlight strong earningsPremier Energies reported a 187% increase in its March quarter's earnings before interest, taxes, depreciation and amortisation (EBITDA) to ₹528.6 crore from ₹184.5 crore in the previous fiscal.By Vivek Iyer   May 19, 2025, 7:39:28 AM IST (Published)3 Min ReadShares of Premier Energies Ltd. are in focus on Monday, May 19, after the company reported a strong set of fourth quarter earnings over the weekend.

The company's revenue in the fourth quarter increased by 43.9% to ₹1,620.8 crore from ₹1,126.5 crore in the year-ago period. For the entire financial year 2025, the company's revenue more than doubled, rising 107% to ₹6,518.7 crore from ₹3,143.7 crore in the previous year.

Premier Energies' profit after tax increased by 167% to ₹277.8 crore in the fourth quarter from ₹103.9 crore in the last year. Net profit for the full year stood at ₹937 crore, a growth of 307% from the same quarter last year.

Premier Energies reported a 187% increase in its March quarter's earnings before interest, taxes, depreciation and amortisation (EBITDA) to ₹528.6 crore from ₹184.5 crore in the previous fiscal.

The company's EBITDA margin expanded to 32.6% in the fourth quarter from 16.4% in the same period last year. For the entire financial year 2025, margins expanded to 28.8% from 15.9% in financial year 2024.

The company's order book stood at 5,303 mega watt (MW) and was valued at ₹8,445.6 crore. As much as 73% of its order book comprised of modules while the remaining belonged to cells. While the module capacity utilisation was at 75%, the cell capacity utilisation was at 95%.

Premier Energies is targeting annual capacity of 10 giga watt (GW) for cells, 11 GW for modules, 10 GW for ingots and wafters, 36,000 metric tonne (MT) for aluminium frames, 12 giga watt hours (GWH) for battery storage cell pack and 3 GW for inverters by the financial year 2028.

The total estimated capex for the expansion plans is pegged at ₹1,250 crore.

SegmentIngotsWaftersCellsModulesEnd of FY25--2GW5.1GWEnd of FY26 expansion-2GW6.4GW6GWFY28 targeted expansion10GW8GWAdditional 1.6GW-

The company has also formed two joint venture companies.

The first one is with Nuevosol Energy and Premier Energies' wholly-owned subsidiary Premier-Green Aluminium, where the latter will hold 80% and the remaining 20% will be held by Nuevosol. The JV firm will be engaged in the business of manufacturing and selling of solar silicon wafers.

It also inked another JV agreement with Sino-American Silicon (SAS) Products. This JV company too will be engaged in the business of manufacturing and selling of solar silicon wafer. Premier Energies will hold 74% equity in the proposed JV firm, while SAS will hold the remaining 26%.

Shares of Premier Energies ended the previous session 9.6% higher at ₹1,135 apiece. The stock has gained 12.4% in the past month.

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