Earnings Call Transcript for the Q4 and FY 2025-26
PREMIERENE · price
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Premier Energies reported record FY26 results with revenue of INR8,026 crores (up 20.7% YoY) and PAT of INR1,510 crores (up 61.1% YoY), with operational EBITDA margin at 30.4% and PAT margin at 18.8%. The company completed its 5.6 GW module plant at Sitarampur, Telangana, and its TOPCon cell line is running at 90%+ utilization. Order book stands at INR14,010 crores, up 66% YoY. The company plans INR5,100 crores capex in FY27 with total capacity expanding to 16.75 GVA by July 2026. Management cited operating leverage, procurement efficiencies, and favorable DCR mix shift to maintain margins despite rising commodity costs. The Transcon acquisition (51% stake) is complete with strong results. K-Solar acquisition was terminated due to unresolved terms.
Strong execution with margin resilience despite cost pressures; management expects favorable margin outlook driven by scale benefits and DCR mix shift. The large order book provides revenue visibility for FY27, though rising debt levels (net debt up INR660 crores) require monitoring.