Shares of Premier Energies Ltd. experienced a sharp intraday reversal after soaring nearly 9% to hit the day’s high of ₹1,170 on February 4, 2025, driven by strong Q3 FY25 financial results. As of 11:07 AM IST, the stock was down 3.55%, trading at ₹1,032.45. The drop is attributed to profit booking by investors following the initial rally.
Morning Session Performance:
The stock opened with bullish momentum, trading at ₹1,099.30 by 9:28 AM, up by ₹28.90 or 2.7% from its previous close of ₹1,070.40. At that time, the company’s market cap stood at ₹491.52 billion.
Key Financial Highlights for Q3 FY25:
- Revenue: ₹1,713 crore, up 140.6% YoY from ₹712 crore in Q3 FY24.
- EBITDA: ₹513.7 crore, marking a significant increase from ₹123 crore YoY.
- EBITDA Margin: Expanded to 30% from 17.3% YoY.
- Net Profit: ₹255.2 crore, supported by a rise in other income of ₹36 crore and a tax reversal of ₹21 crore.
Operational Performance:
Premier Energies maintained strong capacity utilization rates, with 96% for cells and 74% for modules. The company’s robust order book stood at 4,539 MW, valued at ₹6,946 crore.
Debt Update:
Net debt rose to ₹1,917 crore from ₹1,193 crore YoY, reflecting its ongoing expansion plans.
Outlook:
Premier Energies remains focused on expanding its capacity to 7 GW for cells and 9.1 GW for modules by June 2026, indicating its long-term growth trajectory.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice.
