PREMIERENE: Premier Energies Limited has informed the Exchange regarding Outcome of Board meeting held on May 17, 2025.
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Premier Energies Limited announced audited consolidated FY25 results with revenue from operations more than doubling to ₹65,187.45 million (from ₹31,437.93 million in FY24, ~107% growth). Profit after tax surged to ₹9,371.32 million from ₹2,313.60 million (~305% growth), with basic EPS at ₹21.35 vs ₹6.93. Operating cash flow jumped sharply to ₹13,480.31 million from ₹901.54 million. The Board recommended a final dividend of ₹0.50 per share (50% on face value), subject to shareholder approval. The company also approved a 0.8 GW Topcon Cell plant in Naidupeta (AP), a 1.6 GW Topcon Module plant in Sitarampur (Telangana), a new wholly owned subsidiary for Battery Energy Storage Systems (BESS), and joint ventures with Nuevosol Energy (aluminium frames) and Sino-American Silicon Products (solar wafers). Deloitte Haskins & Sells issued an unmodified audit opinion on the results. The company also appointed Mr. Vinay Rustagi as Chief Business Officer.
Strong FY25 results driven by capacity ramp-up and demand for solar products, with revenue and profits more than doubling. The announced capacity expansions (2.4 GW Topcon), BESS entry, and wafer/back-end JVs signal aggressive vertical integration and growth ambitions, likely positive for long-term shareholders. The modest final dividend (₹0.50/share) is in addition to the interim dividend paid earlier.