PREMIERENE · Capital Goods
Premier Energies Ltd. reported revenue of ₹2,463 cr for April to June 2026, +35.2% on the year and +10.4% on the quarter. That is slower than this quarter has grown in recent years (+90.5% on average). It is the highest quarterly revenue in the last 12 quarters on record. Over the last four quarters revenue comes to ₹8,465 cr, +26.7% on the four before.
Operating profit (EBITDA) was ₹714 cr, a margin of 29.0%, −109 bps on the year and −126 bps on the quarter. Over the last 8 quarters the margin has ranged from 25.0% to 32.6%, averaging 29.8%. Operating costs grew +37.3%, faster than revenue at +35.2%, so operating profit grew less than sales.
Net profit was ₹472 cr, +53.2% on the year and +3.3% on the quarter, with earnings per share of ₹10.45. Profit before other income, one-offs and tax grew faster, at +62.5%; other income, one-offs or tax held the headline back. The tax rate of 24% is in line with its recent average. Profit over the last four quarters totals ₹1,674 cr, +59.9% on the four before.
Renewable and solar earnings move with module prices, capacity commissioned and, for developers, units generated. The quarterly statements do not carry capacity commissioned, module prices and the order book; those come with the filing read.
On earnings per share of ₹37.07 over the last four quarters, the stock at ₹889.25 trades at 24.0 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
Depreciation fell while the business grew. Were asset lives changed?
Source: Results filing
Could not run on this quarter: Exceptional items that recur, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
Net profit a year ago, each driver's change, and net profit now. Blue added profit, red took it away.
| Metric | Q1 FY27 |
|---|---|
| Order book (₹ cr) | 15,000 |
Read using the Solar, renewables and energy transition framework (named in the filing read). Primary valuation lens: EV/EBITDA for assets; P/E against order book for manufacturers.
Read more closely in this sector: Capacity announced against commissioned · Import duty and ALMM protection in margin · Receivables from distribution companies.
| Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | Q2 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹712 cr | ₹1,127 cr | ₹1,657 cr | ₹1,527 cr | ₹1,713 cr | ₹1,621 cr | ₹1,821 cr | ₹1,837 cr | ₹1,936 cr | ₹2,230 cr | ₹2,463 cr | ₹2,632 cr |
| YoY | — | — | +171% | +120% | +141% | +44% | +10% | +20% | +13% | +38% | +35% | +43% |
| EBITDA margin | 17.3% | 16.3% | 21.6% | 25.0% | 30.0% | 32.6% | 30.1% | 30.5% | 30.6% | 30.3% | 29.0% | 28.0% |
| Other income, % of PBT | 3% | 10% | 5% | 9% | 10% | 16% | 12% | 18% | 6% | 7% | 7% | 4% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 29% | 9% | 19% | 25% | 27% | 25% | 24% | 24% | 22% | 24% | 24% | 23% |
| Net profit | ₹43.0 cr | ₹104 cr | ₹198 cr | ₹206 cr | ₹255 cr | ₹278 cr | ₹308 cr | ₹353 cr | ₹392 cr | ₹457 cr | ₹472 cr | ₹462 cr |
| YoY | — | — | +539% | +289% | +493% | +167% | +56% | +72% | +54% | +64% | +53% | +31% |
| Core profit YoY | — | — | +516% | +295% | +434% | +200% | +51% | +54% | +51% | +79% | +63% | +51% |
| EPS | ₹1.64 | ₹3.95 | ₹5.93 | ₹4.57 | ₹5.66 | ₹6.16 | ₹6.83 | ₹7.89 | ₹8.65 | ₹10.08 | ₹10.45 | ₹10.24 |
| Flags | · | 1 | 1 | ✓ | 1 | ✓ | ✓ | 1 | 1 | 1 | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Premier Energies Ltd. reported revenue of ₹2,463 cr (+35.2% on the year) and net profit of ₹472 cr (+53.2% on the year) for April to June 2026.
Profit before other income, exceptional items and tax moved +62.5% on the year, against +53.2% for reported profit.
1 check raised a question: Depreciation fell while the business grew. Were asset lives changed?
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