Premier Energies Q3 Fy26 Results- Topline Up 13%, Profits Grow 53%

For the December quarter (Q3 Fy26), Premier Energies shared a 13% revenue growth from last year to ₹1,936 crore. The Hyderabad based firm seems to be waiting on the results from its capacity expansions and diversifications to pay off, as EBITDA also moderated to a relatively steady 15.5% growth of 15.5% to ₹592.7 crore from the same quarter last year. However, overall EBITDA margins expanded slightly, even though they narrowed sequentially, thanks to rising cost of inputs. Firms, while pushing for hikes, will struggle to p[ass on the full costs to customers in a competitive market now.  Along wioth results, the firm also announced that it has through a fully owned subsidiary  Premier Energies Photovoltaic Private Limited, 
successfully commissioned a 400 MW Solar Photovoltaic Cell (Mono PERC) manufacturing facility at its E-City plant, Maheshwaram, Telangana. The new plant takes total cell manufacturing capacity to 3.6 GW, a significant share in a market set to shift compulsorily to domestically produced cells from June this year.   

Total expenses for the quarter also  increased, reflecting the investmemnts in expansions. Total expenses came in at ₹14,608.36 crore, up from ₹13,985.46 crore in the prior year. The cost of materials consumed rose to ₹11,389.53 crore from ₹9,426.09 crore. Additionally, employee benefits expense increased to ₹461.09 crore from ₹256.54 crore, indicating hiring as well as higher cost of employees. 

Net profit for Premier grew by 53% over the same period last year to ₹391.6 crore, from ₹255.2 crore last year.

Premier Energies has confirmed  orders in hand of 9.4 GW worth ₹13,700 crore, compared to 9.1 GW in the September period.

While broadly on expected lines, post the results make the Premier Energies share price has slipped up by 4% to Rs 708, a recent low for the stock. While some of the pressure can be attributed to general market weakness, the stock also faces pressure from the overhang of worries on overcapacity in the domestic market, even as overseas markets, particularly the US,. remain shut out to Indian firms due to tariffs.