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Premier Energies Q2 FY27 results: net profit up 30.8% to ₹462.39 crore, revenue up 43.3%
Premier Energies Limited reported consolidated Q2 FY27 revenue of ₹2,632 crore, up 43.3% from Q2 FY26, while EBITDA rose 31.2% to ₹735.76 crore. Net profit increased 30.8% to ₹462.39 crore, although the EBITDA margin declined to 28.0% from 30.5%.
Key points
- Revenue rose 43.3% year on year to ₹2,632 crore and increased 6.9% from Q1 FY27.
- EBITDA was ₹735.76 crore, up 31.2% from Q2 FY26, while the margin fell 2.5 percentage points to 28.0%.
- Net profit rose 30.8% to ₹462.39 crore from ₹353.44 crore in Q2 FY26, but fell 2.0% from Q1 FY27.
- Basic EPS increased 29.8% year on year to ₹10.24, while falling 2.0% from Q1 FY27.
- H1 FY27 revenue was ₹5,094.45 crore, up 39.3%, and net profit was ₹934.3 crore, up 41.3%.
How did Premier Energies perform in Q2 FY27?
Premier Energies reported consolidated revenue of ₹2,632 crore in Q2 FY27, up ₹794.98 crore or 43.3% from ₹1,837 crore in Q2 FY26. Revenue also rose ₹169.26 crore or 6.9% from ₹2,463 crore in Q1 FY27. Total income was ₹2,656.04 crore, up ₹734.67 crore or 38.2% year on year and ₹148.40 crore or 5.9% sequentially.
EBITDA rose to ₹735.76 crore from ₹560.88 crore in Q2 FY26, an increase of ₹174.88 crore or 31.2%, and increased ₹21.40 crore or 3.0% from Q1 FY27. The EBITDA margin fell 2.5 percentage points year on year to 28.0% and declined 1.0 percentage point from 29.0% in Q1 FY27.
Profit before tax was ₹601.12 crore, up ₹133.87 crore or 28.7% from Q2 FY26 but down ₹18.72 crore or 3.0% from Q1 FY27. Net profit was ₹462.39 crore, up ₹108.95 crore or 30.8% year on year and down ₹9.53 crore or 2.0% sequentially. Basic EPS was ₹10.24, compared with ₹7.89 in Q2 FY26 and ₹10.45 in Q1 FY27. The figures are consolidated; the board also approved standalone results for the quarter and half year ended 30 September 2026.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 2,632 | 2,463 | 1,837 | +43.3% | +6.9% |
| Other income | 24.19 | 45.04 | 84.50 | −71.4% | −46.3% |
| Total expenses | 2,055 | 1,888 | 1,454 | +41.3% | +8.9% |
| EBITDA | 735.76 | 714.36 | 560.88 | +31.2% | +3.0% |
| EBITDA margin | 28.0% | 29.0% | 30.5% | −2.5 pp | −1.0 pp |
| Profit before tax | 601.12 | 619.84 | 467.25 | +28.7% | −3.0% |
| Tax | 138.88 | 148.46 | 113.77 | +22.1% | −6.5% |
| Net profit | 462.39 | 471.92 | 353.44 | +30.8% | −2.0% |
| EPS (₹) | 10.24 | 10.45 | 7.89 | +29.8% | −2.0% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Premier Energies' costs and profit?
Total expenses increased by ₹600.80 crore or 41.3% to ₹2,055 crore from ₹1,454 crore in Q2 FY26, against revenue growth of 43.3%. Cost of materials rose ₹517.24 crore or 40.7% to ₹1,788 crore, employee cost increased ₹24.91 crore or 63.9% to ₹63.89 crore, and finance costs rose ₹9.75 crore or 30.0% to ₹42.20 crore.
Other expenses increased ₹40.49 crore or 26.5% to ₹193.43 crore, while depreciation fell ₹29.05 crore or 19.9% to ₹116.63 crore. Other income declined ₹60.31 crore or 71.4% to ₹24.19 crore. There was no exceptional item, and tax expense rose ₹25.11 crore or 22.1% to ₹138.88 crore.
Against Q1 FY27, total expenses rose ₹167.12 crore or 8.9%, including a ₹438.55 crore or 32.5% increase in cost of materials. Other income fell ₹20.85 crore or 46.3%, while depreciation rose ₹21 crore or 22.0% and other expenses increased ₹9.15 crore or 5.0%. Tax expense declined ₹9.58 crore or 6.5%. The filing excerpts do not state the reasons for these movements.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 1,788 | 1,271 | +517.24 | +40.7% |
| Employee cost | 63.89 | 38.98 | +24.91 | +63.9% |
| Finance costs | 42.20 | 32.45 | +9.75 | +30.0% |
| Depreciation | 116.63 | 145.68 | −29.05 | −19.9% |
| Other expenses | 193.43 | 152.94 | +40.49 | +26.5% |
| Total expenses | 2,055 | 1,454 | +600.80 | +41.3% |
| Other income | 24.19 | 84.50 | −60.31 | −71.4% |
| Tax | 138.88 | 113.77 | +25.11 | +22.1% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue rose 39.3% to ₹5,094.45 crore from ₹3,657.61 crore in H1 FY26. Total income increased 36.2% to ₹5,163.68 crore from ₹3,790.89 crore, while profit before tax rose 40.3% to ₹1,220.96 crore from ₹869.96 crore.
H1 FY27 net profit was ₹934.3 crore, up 41.3% from ₹661.23 crore in H1 FY26. Basic EPS increased 40.1% to ₹20.70 from ₹14.77.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 5,094 | 3,658 | +39.3% |
| Profit before tax | 1,221 | 869.96 | +40.3% |
| Net profit | 934.30 | 661.23 | +41.3% |
| EPS (₹) | 20.70 | 14.77 | +40.1% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets increased to ₹12,733.17 crore as on 30 September 2026 from ₹10,844.86 crore as on 31 March 2026, while total equity rose to ₹5,445.86 crore from ₹4,310.36 crore. Borrowings were ₹3,645.31 crore compared with ₹3,616.81 crore, and cash fell to ₹403.41 crore from ₹1,466.52 crore.
Inventories increased to ₹2,968.22 crore from ₹2,037.35 crore. Trade receivables declined to ₹935.79 crore from ₹982.78 crore, while trade payables rose to ₹1,511.54 crore from ₹1,154.97 crore.
H1 FY27 operating cash flow was ₹668.73 crore, compared with ₹619.68 crore in H1 FY26. Investing cash flow was negative ₹1,567.02 crore against negative ₹157.36 crore, financing cash flow was negative ₹164.82 crore against negative ₹457.02 crore, and capital expenditure was ₹1,401.76 crore compared with ₹1,047.12 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 12,733 | 10,845 |
| Total equity | 5,446 | 4,310 |
| Borrowings | 3,645 | 3,617 |
| Cash and equivalents | 403.41 | 1,467 |
| Inventories | 2,968 | 2,037 |
| Trade receivables | 935.79 | 982.78 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 668.73 | 619.68 |
| Cash from investing | −1,567 | −157.36 |
| Cash from financing | −164.82 | −457.02 |
| Capital expenditure | 1,402 | 1,047 |
Source: Company's results filing (XBRL).
How has Premier Energies done over the last 8 quarters?
Revenue rose in each of the last five quarters on a year-on-year basis and reached ₹2,631.85 crore in Q2 FY27, the highest level in the reported series. It had reached its lowest point of ₹1,620.84 crore in Q4 FY25 before rising through the subsequent quarters.
Net profit also rose year on year in each of the last five quarters. It peaked at ₹471.92 crore in Q1 FY27 before easing to ₹462.39 crore in Q2 FY27, while its lowest point in the series was ₹255.22 crore in Q3 FY25.
The EBITDA margin peaked at 32.6% in Q4 FY25 and reached its lowest point, 28.0%, in Q2 FY27. It had stood at 29.0% in the preceding quarter.
Which businesses drove the quarter?
Solar products and related project activities generated revenue of ₹2,509.70 crore in Q2 FY27 and EBIT of ₹622.71 crore, with an EBIT margin of 24.8%. Power Transmission & Distribution Equipment reported revenue of ₹124.41 crore and EBIT of ₹14.69 crore, with an EBIT margin of 11.8%.
The filing did not provide year-ago revenue, EBIT or growth figures for either reported segment, so a segment-wise year-on-year comparison cannot be stated from the available information.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Solar products & related project activities | 2,510 | 622.71 | 24.8% | |
| Power Transmission & Distribution Equipment | 124.41 | 14.69 | 11.8% |
Source: Company's results filing (XBRL segment data).
How did other Other Electrical Equipment companies do?
Nineteen other Other Electrical Equipment companies had filed results for the quarter by 4 November 2026. Their median revenue growth was 40.8%, compared with Premier Energies’ revenue growth of 43.3%.
Among the peers, 10 grew more slowly than Premier Energies and 9 grew faster than the company. Profit was compared for 17 peers, of which 11 reported higher profit.
| Premier Energies revenue growth (YoY) | +43.3% |
|---|---|
| Median of 19 other Other Electrical Equipment companies | +40.8% |
| Companies with slower revenue growth than Premier Energies | 10 of 19 |
| Companies with faster revenue growth than Premier Energies | 9 of 19 |
| Companies whose net profit rose | 11 of 17 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Premier Energies' revenue in Q2 FY27?
Revenue from operations was ₹2,632 crore, up 43.3% from ₹1,837 crore in Q2 FY26 (consolidated).
Did Premier Energies make a profit in Q2 FY27?
Yes. Net profit was ₹462.39 crore, against a net profit of ₹353.44 crore in Q2 FY26.
What was Premier Energies' EPS in Q2 FY27?
Basic earnings per share were ₹10.24, against ₹7.89 in Q2 FY26.
When did Premier Energies announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Financial Results And Dividend (BSE, 27 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On November 04, 2026 (BSE, 4 November 2026) · PDF
- Financial Results (Standalone & Consolidated) For The Quarter And Half Year Ended September 30, 2026 (BSE, 4 November 2026) · PDF
- Corporate Action-Board approves Dividend (BSE, 4 November 2026) · PDF
- Interim Dividend - Record Date (BSE, 4 November 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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