FY25: Premier Energies Reports Four-Fold Increase In Profits

Premier Energies, the Hyderabad-based solar module and solar cell manufacturer, has announced its financial results for Q4 of FY25 and the annual results for FY25. The firm, which forayed into the stock market last year, reported a 167 percent year-on-year (YoY) rise in net profit for the fourth quarter (Q4) of fiscal year 2024–25, driven by higher revenues and improved operational scale.

The company posted a consolidated net profit of Rs 277.85 crore for the three months ended March 31, up from Rs 103.96 crore in the same period last year. Total revenue for the quarter rose 47.6 percent to Rs 1,680.32 crore. The results revealed that profit rose 9 percent from ₹255.22 crore in the third quarter.

Profit Jumps 4 Times Annually 

For the full year ended March 31, Premier Energies recorded a profit of ₹937.13 crore, close to four times the previous year’s profit of ₹231.36 crore. Total income for FY25 stood at ₹6,652.09 crore, up 109.7 percent from ₹3,171.31 crore in FY24.

Total expenses for FY25 climbed to ₹5,412.88 crore, with sharp increases noted in material consumption (₹3,436.40 crore) and depreciation (₹497.52 crore), indicating expansion in manufacturing capacity.

Assets Doubled 

The company’s total assets nearly doubled to ₹6,841.40 crore as of March 31, 2025, from ₹3,554.12 crore a year earlier. Cash and cash equivalents rose to ₹802.58 crore from ₹257.00 crore.

Premier Energies operates several subsidiaries, including Premier Energies Photovoltaic LLC in the United States and IBD Solar Powertech in Bangladesh. It also holds interests in domestic associate firms such as Mayyatho Ventures and Brightstone Developers.

Founded in Hyderabad, Premier Energies is one of India’s key solar cell and module producers, catering to both domestic and international markets. The firm has announced a slew of plans to expand and go for backward integration in recent weeks, including solar wafers, aluminium frames and storage products, positioning itself as one of the most integrated solar manufacturing firms in the business in the years to come.