PREMIERENE · Capital Goods
Premier Energies Ltd. reported revenue of ₹1,527 cr for July to September 2024, +120.0% on the year and −7.8% on the quarter.
Operating profit (EBITDA) was ₹381 cr, a margin of 25.0%, +1,069 bps on the year and +335 bps on the quarter. It is the widest margin of the last 6 quarters (range 11.6% to 25.0%). Operating costs grew +92.6% against revenue growth of +120.0%, so more of each rupee of sales reached operating profit.
Net profit was ₹206 cr, +288.7% on the year and +4.0% on the quarter, with earnings per share of ₹4.57. Profit before other income, one-offs and tax grew faster, at +295.2%; other income, one-offs or tax held the headline back. The tax rate of 25% is in line with its recent average.
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 ₹16.09 over the last four quarters, the stock at ₹891.40 trades at 55.4 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
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.
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| 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 ₹1,527 cr (+120.0% on the year) and net profit of ₹206 cr (+288.7% on the year) for July to September 2024.
Profit before other income, exceptional items and tax moved +295.2% on the year, against +288.7% for reported profit.
None of the 7 checks that could run raised a question.
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Numbers as filed with the exchanges, read by rules. Every flag is a question with its source, not an accusation. FinMinutes is a financial data and analytics platform; nothing here is a recommendation to buy, sell or hold any security. How each check works.