Premier Energies Ltd. just dropped some seriously impressive numbers for its fiscal year 2025, showing sharp growth in revenue and profit. The company’s Q4 revenue jumped nearly 44% year-on-year to ₹1,620.8 crore, while net profit exploded 167% to ₹277.8 crore. Across the whole fiscal year, revenue doubled, and net profit more than quadrupled, signaling a strong turnaround for this solar energy player.
The company’s numbers highlight a rapidly scaling business that’s not just growing sales but also tightening its grip on profitability. With plans to ramp up production capacity dramatically by 2028, Premier Energies is setting the stage to become a major force in the renewable energy supply chain.
Strong Q4 Performance Sets the Tone
The last quarter of FY25 was nothing short of remarkable for Premier Energies. Revenues surged from ₹1,126.5 crore in Q4 FY24 to ₹1,620.8 crore, a 43.9% increase. That kind of jump isn’t just luck — it reflects growing demand for solar modules and cells, plus better operational efficiency.
Profit after tax (PAT) saw an even more dramatic rise, hitting ₹277.8 crore in Q4 FY25 — up 167% compared to the same period last year’s ₹103.9 crore. The earnings before interest, taxes, depreciation, and amortization (EBITDA) skyrocketed by 187%, clocking in at ₹528.6 crore from ₹184.5 crore.
One key highlight: the EBITDA margin almost doubled to 32.6% from 16.4%. This indicates the company is not only selling more but also keeping costs in check and improving margins.
For the full FY25, Premier Energies pulled in ₹6,518.7 crore in revenue, a staggering 107% rise from FY24’s ₹3,143.7 crore. Meanwhile, net profit leapt to ₹937 crore — up 307%. Those figures tell a story of solid business execution and booming demand.
Capacity Utilization and Order Book Signal Robust Demand
Premier Energies isn’t just sitting back on these results. Their module production facility ran at 75% utilization during FY25, while the cell factory was humming even higher at 95%. Those are healthy figures that show the company is getting close to full throttle.
The order book also paints a bullish picture — standing at 5,303 MW with a value of ₹8,445.6 crore at fiscal year-end. About 73% of this is from solar modules, and the remaining 27% from solar cells. This pipeline means Premier has a solid backlog to keep production lines busy in the months ahead.
Planning Big Expansion for 2028 and Beyond
Here’s where things get even more interesting. Premier Energies has bold plans to scale up capacity across multiple product lines by FY28, aiming to hit:
10 GW of solar module capacity
11 GW of solar module manufacturing
10 GW of ingots and wafers production
36,000 MT aluminium frame production
12 GWh battery storage cell pack capacity
3 GW inverter manufacturing
This expansion comes with a hefty price tag — about ₹1,250 crore in estimated capital expenditure. It’s a big bet, but if these goals come through, Premier will have a much stronger foothold in key parts of the solar supply chain.
Joint Ventures to Boost Solar Wafer Production
To help meet these ambitious targets, Premier has entered two joint ventures focused on solar wafer production — a critical component in the solar energy value chain.
First up is a 50:50 JV with Nuevosol Energy and its subsidiary Premier-Green Aluminium. In this setup, Premier Energies holds an 80% stake, while Nuevosol owns the remaining 20%. This partnership will focus on producing and selling solar-grade silicon wafers.
The second JV involves Sino-American Silicon (SAS) Products. Premier will have a 74% stake, with SAS holding 26%. Like the first JV, this one will also manufacture and sell solar silicon wafers, helping Premier increase wafer output to meet growing market demand.
This approach shows Premier’s commitment to vertical integration—controlling more of the supply chain and strengthening its position against competitors.
FY25 Financial Highlights at a Glance
| Metric | FY25 | FY24 | % Change |
|---|---|---|---|
| Revenue (₹ crore) | 6,518.7 | 3,143.7 | +107% |
| Net Profit (₹ crore) | 937 | 229.4* | +307% |
| EBITDA (₹ crore) | Not explicitly stated, but margin grew to 28.8% from 15.9% | ||
| EBITDA Margin (%) | 28.8 | 15.9 | +12.9 points |
| Q4 Revenue (₹ crore) | 1,620.8 | 1,126.5 | +43.9% |
| Q4 PAT (₹ crore) | 277.8 | 103.9 | +167% |
| Q4 EBITDA (₹ crore) | 528.6 | 184.5 | +187% |
*FY24 net profit calculated from given data trends.
The Solar Sector’s Bright Future
Premier Energies’ performance echoes a broader trend in India’s solar industry. Government policies and falling equipment costs continue pushing solar adoption, and manufacturers like Premier are well positioned to benefit.
With the ambitious FY28 targets, the company is aiming not just to ride the solar wave but to be a key architect of its future. It’s a challenging path, no doubt, but with growing demand and strategic partnerships, Premier could well be lighting up India’s solar manufacturing space for years to come.
