Premier Energies has recently informed exchanges that its subsidiary, Premier Energies Photovoltaic Private Limited,
has successfully secured and accepted orders worth INR 1234 Crore from its existing customers for the supply of solar modules. This significant development underscores the company’s leadership in India’s renewable energy sector and its commitment to driving sustainable solutions.
Key Highlights of the Order
- Entity Awarding the Order: The orders have been received from two existing domestic customers.
- Nature of the Order: One-time supply contract for solar PV modules.
- Commencement Date: The supply of modules is scheduled to begin in April 2025.
- Total Order Value: INR 1234 Crore.
- Contract Type: Domestic contract within India.
Premier Energies Q3 FY25 Results
Premier Energies delivered an exceptional financial performance in Q3 FY25, showcasing remarkable growth across key metrics. The company’s revenue from operations surged by 140.47% year-over-year to ₹1,713.3 crore, compared to ₹712.5 crore in the same period last year. Total income for the quarter saw a 144.76% rise, reaching ₹1,749.4 crore.
Strong operational efficiencies and a strategic focus on cost optimization contributed to a significant improvement in profitability. EBITDA soared by 337.76% to ₹549.57 crore, with the EBITDA margin expanding to 31.42% from 17.56% in Q3 FY24. The company’s profit before tax saw an impressive 477.32% growth, reaching ₹350.85 crore, while PAT skyrocketed by 490.58% to ₹255.21 crore. The PAT margin also improved substantially to 14.59%, up from 6.05% in the previous year’s quarter.
For the nine months ending December 2024, the company reported revenue from operations of ₹4,897.9 crore, reflecting a 142.81% YoY increase. EBITDA surged by 329.39% to ₹1,326.2 crore, while PAT climbed 417.52% to ₹659.3 crore.
