Premier Energies Q1 FY26 Profit Surges 55%, Manufacturing Capacity Expanded

Indian solar module and cell manufacturer Premier Energies has reported a 55% year-on-year rise in net profit for the April–June quarter of FY 2026, driven by higher revenues and improved margins.

The company posted a profit after tax (PAT) of ₹3,078 million, while revenue rose 12% year-on-year to ₹18,695 million. EBITDA for the quarter stood at ₹5,971 million, up 61% from the year-ago period. Operational EBITDA and PAT margins came in at 30.1% and 16.5%, respectively.

Expansion in manufacturing 

The company also announced the successful commissioning of a 1.4 GW solar module line and a 1.2 GW TOPCon solar cell line, boosting total manufacturing capacity to 5.1 GW for modules and 3.2 GW for solar cells. Commercial production from the new lines is expected to begin soon.

Premier Energies plans to further scale up capacity to 11.1 GW for modules and 8.4 GW for cells by June 2026. It is also diversifying into upstream segments such as ingots and wafers, and into battery storage and solar inverters, aiming to become one of the largest fully integrated renewable equipment manufacturers globally.

First-of-its-kind manufacturing lines 

“We are very pleased with these results, which reflect strong progress across manufacturing and new projects,” said Chiranjeev Saluja, MD & CEO of Premier Energies. “Our new TOPCon cell line is among the first of its kind in India and represents a key step in our shift toward next-generation, high-efficiency solar technologies.”

He added that the company’s rapid expansion aligns with India’s twin goals of increasing renewable energy capacity and boosting domestic manufacturing under the Atmanirbhar Bharat initiative.