J.P. Morgan has maintained a Neutral rating on Premier Energies, with a target price of ₹1,019, implying a downside of approximately 6% from the current market price of ₹1,084.70.
The company reported Q1FY26 profit of ₹3 billion, up 11% quarter-on-quarter, beating J.P. Morgan’s estimate of ₹2.4 billion. The earnings beat was driven by revenue coming in ahead of expectations, which helped offset weaker headline margins.
Premier Energies also commissioned 1.4 GW of new module capacity and 1.2 GW of new cell lines at its Hyderabad facility during the quarter — a development that the brokerage believes should support near-term earnings momentum.
Disclaimer: This article is based on J.P. Morgan’s brokerage report and does not constitute investment advice. Please consult a certified financial advisor before making any investment decisions.
