# Premier Energies (PREMIERENE) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/premierene

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹890
- Change: +0.85%
- As of: 2026-11-06
- 1D return: +0.85%
- 5D return: +1.60%
- 1M return: +0.60%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

Premierene (₹890.00) exhibits a mixed technical posture as of 6 November 2026, characterized by short-term resilience against a broader downward trend. On the daily chart, price sits above the 20-period EMA and SMA but remains below the 50-period and 200-period moving averages, with the Supertrend signaling bearish conditions. This structure suggests a counter-trend bounce within a longer-term downtrend. Momentum is developing rather than strong, indicated by an ADX of 22.79 and DI+ (19.44) slightly outweighing DI- (15.67). Participation spiked on 5 November with a volume ratio of 2.96 accompanying a -2.4% drop, highlighting significant selling pressure despite the recent close being positive (+0.8%).

The stock is trading in the upper-middle of its 20-day range (+61.7%) but near the middle of its 252-day range (+47.8%). Immediate resistance lies at ₹893.47 (pivot), with further hurdles at ₹914.73 and ₹942.00. Support is found at ₹883.60 and ₹878.80. The monthly timeframe shows a bullish Supertrend and an active Inside Bar pattern, suggesting potential for volatility expansion or trend continuation upward over a longer horizon, though monthly ADX is weak (14.68). Risk remains elevated with annualized volatility at +38.1% and a current drawdown of -33.2%. A break above ₹893.47 with sustained volume would be required to confirm short-term strength; failure to hold above ₹883.60 may expose downside toward ₹878.80.

- Trend Divergence: Daily indicators show price above short-term EMAs/SMA but below long-term averages and Supertrend, while monthly Supertrend remains bullish.
- Momentum & Volume: Daily ADX is 22.79 (developing); a high-volume anomaly (-2.4% return, volume ratio 2.96) occurred on 5 Nov, indicating persistent selling interest.
- Key Levels: Immediate resistance at ₹893.47 (0.39% above); support at ₹883.60 (0.72% below) and ₹878.80 (1.26% below).
- Risk Profile: Current drawdown is -33.2% with annualized volatility of +38.1%; price is in the upper-middle of the 20-day range but middle of the 252-day range.

- Inside Bar
- Bearish Engulfing Reversal
- Outside Bar
- Doji
- Harami

### News Context

Premier Energies reported strong Q2 FY27 financials, with consolidated net profit rising 30% year-on-year to ₹458 crore and revenue jumping 43.3% to ₹2,632 crore. This growth was driven by robust operational performance, although EBITDA margins contracted to 28%. The company’s order book remains substantial at approximately ₹16,600 crore as of September 30, 2026, with domestic orders accounting for 99% of the total value. Additionally, Premier Energies highlighted capacity expansion plans, including the imminent commercial production of a 7 GW solar cell plant and ongoing development in battery energy storage.

- Q2 FY27 Net Profit: ₹458 crore (up 30% YoY)
- Q2 FY27 Revenue: ₹2,632 crore (up 43.3% YoY)
- EBITDA Margin: Contracted to 28%
- Order Book: ~₹16,600 crore as of Sep 30, 2026; 99% domestic
- Capacity Update: Imminent commercial production of 7 GW solar cell plant

- [Premier Energies Q2 results: Net profit rises 30% to ₹458 crore as revenue jumps 43%](https://www.cnbctv18.com/market/earnings/premier-energies-q2-results-net-profit-rises-30pc-to-rs458-crore-as-revenue-jumps-43pc-20027357.htm)
- [Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)

### What Changed

Premier Energies (NSE: PREMIERENE) has announced an interim dividend of ₹0.50 per share, with a face value of ₹1. The record date for this distribution is set for November 11, 2026, as filed on the NSE on November 6, 2026. Concurrently, the company made the audio recording of its Q2 FY27 earnings call available on its website following the investor meet held on November 5, 2026. Market data from November 6 shows the stock trading at ₹890.00, up from the previous close of ₹882.50.

- Interim Dividend: ₹0.50 per share declared; Record Date is November 11, 2026.
- Price Movement: Stock closed at ₹890.00 on November 6, 2026, compared to ₹882.50 previously.
- Investor Communication: Audio recording of the Q2 FY27 earnings call uploaded to the company website on November 5, 2026.

- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RE 0.50 PER SHARE |FACE VALUE:1 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Premier Energies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PEL2024_05112026162924_SE_Intimation_-_Audio_Recording.pdf)
- [Premier Energies Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_23657_WebXMLFile_20261105_165308597.xml)

### Official Filings

Premier Energies Limited reported strong financial performance for Q2 FY27 (ended September 30, 2026), with consolidated revenue rising 38.2% year-over-year to ₹26,560 million and PAT increasing 30.8% to ₹4,624 million. The Board approved an interim dividend of ₹0.50 per share, payable by December 3, 2026, with a record date of November 11, 2026. Operationally, the company commissioned a 7 GW N-type TOPCon solar cell facility in Andhra Pradesh, bringing total cell capacity to 10.6 GW. Additionally, the wholly-owned subsidiary Premier Energies Global Environment Private Limited has approved a ₹5,947 crore budget to establish a 10 GW Ingot and Wafer Manufacturing Facility at Naidupeta, with Phase I (5 GW) targeted for completion by December 31, 2027.

- Q2 FY27 Consolidated Revenue: ₹26,560 million (+38.2% YoY); EBITDA Margin: 28.6%; PAT: ₹4,624 million (+30.8% YoY).
- Interim Dividend Declared: ₹0.50 per equity share; Record Date: November 11, 2026; Payment Deadline: December 3, 2026.
- Capacity Expansion: Commissioned 7 GW N-type TOPCon cell facility in September 2026; Total Cell Capacity now 10.6 GW; Module Capacity 11.1 GW.

- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RE 0.50 PER SHARE |FACE VALUE:1 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Premier Energies Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Premier Energies Reports Strong Q2 FY27 Results" |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/PEL2024_05112026101211_Press_Release_Signed.pdf)
- [Premier Energies Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PEL2024_05112026103825_Newspaper_Publication_Intimation.pdf)
- [Premier Energies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PEL2024_05112026162924_SE_Intimation_-_Audio_Recording.pdf)
- [Premier Energies Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_23657_WebXMLFile_20261105_165308597.xml)
- [Premier Energies Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PEL2024_04112026182631_Outcome_Q2_FY_2026-27_Signed.pdf)
- [Premier Energies Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 0.50 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/PEL2024_04112026183655_BM_Outcome_Q2_FY27_Financial_Results.pdf)
- [Premier Energies Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/PEL2024_04112026184116_BM_Outcome_Q2_FY27_Financial_Results.pdf)

### Fundamentals

Premier Energies is executing a rapid expansion phase, evidenced by a surge in total assets from ₹7,734 crore to ₹12,733 crore and borrowings rising to ₹3,645 crore (₹2,861 crore non-current + ₹784 crore current) as of September 2026. This capital intensity is reflected in Work-in-Progress (CWIP) jumping to ₹2,144 crore and inventories increasing to ₹2,968 crore.

Financially, the company demonstrates strong profitability with a 3-year compounded profit growth of 365% and Return on Equity (ROE) of 41%. However, recent quarterly trends show sequential pressure: Q2 FY2026-27 revenue grew to ₹2,632 crore, yet Profit Before Tax and Net Profit declined slightly to ₹601 crore and ₹462 crore respectively, compared to Q1’s ₹620 crore and ₹472 crore. Cash generation remains robust, with Cash from Operations at ₹1,261 crore for the year ended March 2026, though cash reserves halved to ₹403 crore due to heavy investing outflows.

Earnings quality faces a headwind from working capital efficiency; the Cash Conversion Cycle deteriorated significantly from 78 days to 115 days, driven primarily by Inventory Days rising from 121 to 159 days. While Debtor Days improved, the inventory buildup suggests potential supply chain or demand timing challenges. Promoter holding diluted to 58.48%, while institutional interest grew, indicating market confidence despite the leverage increase.

- {'detail': 'Total assets rose to ₹12,733 crore (Sep 2026) with borrowings increasing to ₹3,645 crore, funding a CWIP jump to ₹2,144 crore.', 'metric': 'Asset & Debt Expansion'}
- {'detail': 'Q2 FY2026-27 Net Profit declined to ₹462 crore from ₹472 crore in Q1, despite revenue growth to ₹2,632 crore.', 'metric': 'Sequential Margin Pressure'}
- {'detail': 'Cash Conversion Cycle worsened to 115 days (Mar 2026) from 78 days, driven by Inventory Days rising to 159 days.', 'metric': 'Working Capital Efficiency Deterioration'}
- {'detail': '3-Year Compounded Profit Growth stands at 365% with ROE at 41%, supported by robust CFO of ₹1,261 crore.', 'metric': 'Strong Historical Returns'}

### Bull Case

Premier Energies demonstrates strong operational momentum in Q2 FY27, with consolidated net profit rising 30% year-on-year to ₹458 crore and revenue increasing 43.3% to ₹2,632 crore. This growth is underpinned by a robust order book of approximately ₹16,600 crore as of September 30, 2026, which is overwhelmingly domestic at 99%. The company is also advancing capacity expansion, including the imminent commercial production of a 7 GW solar cell plant. While technical indicators on daily and weekly timeframes are bearish, reflecting a current price trend near ₹890 and significant recent drawdowns, the monthly supertrend remains bullish. The constructive case rests on the execution of these large-scale domestic orders and capacity additions, provided margin pressures from the observed EBITDA contraction to 28% are managed effectively.

- Q2 FY27 net profit grew 30% YoY to ₹458 crore, supported by a 43.3% revenue increase to ₹2,632 crore.
- Order book stands at ~₹16,600 crore as of Sept 30, 2026, with 99% derived from domestic sources.
- Capacity expansion includes imminent commercial production of a 7 GW solar cell plant.
- Monthly technical trend remains bullish despite bearish daily/weekly signals and a -33.2% current drawdown.

- [Premier Energies Q2 results: Net profit rises 30% to ₹458 crore as revenue jumps 43%](https://www.cnbctv18.com/market/earnings/premier-energies-q2-results-net-profit-rises-30pc-to-rs458-crore-as-revenue-jumps-43pc-20027357.htm)
- [Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RE 0.50 PER SHARE |FACE VALUE:1 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Premier Energies Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Premier Energies Reports Strong Q2 FY27 Results" |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/PEL2024_05112026101211_Press_Release_Signed.pdf)
- [Premier Energies Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PEL2024_05112026103825_Newspaper_Publication_Intimation.pdf)
- [Premier Energies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PEL2024_05112026162924_SE_Intimation_-_Audio_Recording.pdf)
- [Premier Energies Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_23657_WebXMLFile_20261105_165308597.xml)
- [Premier Energies Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PEL2024_04112026182631_Outcome_Q2_FY_2026-27_Signed.pdf)
- [Premier Energies Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 0.50 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/PEL2024_04112026183655_BM_Outcome_Q2_FY27_Financial_Results.pdf)
- [Premier Energies Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/PEL2024_04112026184116_BM_Outcome_Q2_FY27_Financial_Results.pdf)

### Bear Case

Premier Energies faces notable near-term technical headwinds despite strong Q2 FY27 operational results. The stock is trading at ₹890.0, with daily and weekly Supertrend indicators signaling a bearish trend. Momentum has weakened significantly, evidenced by the Plus DI falling below the Minus DI on both daily (19.44 vs 15.67) and weekly (15.79 vs 25.37) timeframes. The stock is currently in a deep drawdown of -33.2% from its peak, having experienced a maximum drawdown of -48.7%, indicating substantial recent volatility and investor selling pressure. While the order book remains robust at approximately ₹16,600 crore, margin contraction to 28% EBITDA suggests potential pricing or cost pressures that investors are monitoring alongside the deteriorating price action.

- Daily and weekly Supertrend indicators are bearish, with the weekly Minus DI (25.37) significantly outpacing the Plus DI (15.79), signaling sustained downward momentum.
- The stock is in a current drawdown of -33.2% from its high, with a historical maximum drawdown of -48.7%, reflecting elevated downside risk.
- EBITDA margins contracted to 28% in Q2 FY27, contrasting with the 43.3% revenue growth, highlighting efficiency challenges despite top-line expansion.
- Technical resistance is immediate at ₹893.47 (pivot), while support lies closer at ₹883.6, limiting short-term upside potential.

- [Premier Energies Q2 results: Net profit rises 30% to ₹458 crore as revenue jumps 43%](https://www.cnbctv18.com/market/earnings/premier-energies-q2-results-net-profit-rises-30pc-to-rs458-crore-as-revenue-jumps-43pc-20027357.htm)
- [Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RE 0.50 PER SHARE |FACE VALUE:1 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Premier Energies Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Premier Energies Reports Strong Q2 FY27 Results" |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/PEL2024_05112026101211_Press_Release_Signed.pdf)
- [Premier Energies Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PEL2024_05112026103825_Newspaper_Publication_Intimation.pdf)
- [Premier Energies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PEL2024_05112026162924_SE_Intimation_-_Audio_Recording.pdf)
- [Premier Energies Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_23657_WebXMLFile_20261105_165308597.xml)
- [Premier Energies Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PEL2024_04112026182631_Outcome_Q2_FY_2026-27_Signed.pdf)
- [Premier Energies Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 0.50 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/PEL2024_04112026183655_BM_Outcome_Q2_FY27_Financial_Results.pdf)
- [Premier Energies Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/PEL2024_04112026184116_BM_Outcome_Q2_FY27_Financial_Results.pdf)

### FAQs

**What were Premier Energies' key financial results for Q2 FY27?**

For the quarter ended September 30, 2026, Premier Energies reported a consolidated net profit of ₹458 crore, up 30% year-on-year. Revenue increased by 43.3% to ₹2,632 crore. EBITDA margins contracted to 28%, while the order book stood at approximately ₹16,600 crore as of September 30, 2026.

**Is Premier Energies declaring a dividend, and what are the key dates?**

Yes, the company has announced an interim dividend of ₹0.50 per share. The record date is November 11, 2026. Shareholders must ensure their names are on the register of members by this date to be eligible for the payout.

**What capacity expansions has Premier Energies recently completed?**

The company commissioned a 7 GW N-type TOPCon solar cell facility at Naidupeta, Andhra Pradesh, in September 2026. This brings its total stated solar cell capacity to 10.6 GW and module capacity to 11.1 GW. Domestic orders accounted for 99% of the total order book value as of September 30, 2026.

**How has the stock performed technically over different timeframes?**

As of November 6, 2026, the stock closed at ₹890.00. While the monthly trend remains bullish, the daily and weekly trends are bearish with a current drawdown of -33.2%. Key resistance levels are noted at ₹893.47 and ₹914.73, while support exists at ₹883.60 and ₹878.80.

- [Premier Energies Q2 results: Net profit rises 30% to ₹458 crore as revenue jumps 43%](https://www.cnbctv18.com/market/earnings/premier-energies-q2-results-net-profit-rises-30pc-to-rs458-crore-as-revenue-jumps-43pc-20027357.htm)
- [Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- [SERIES:EQ |PURPOSE:INTERIM DIVIDEND - RE 0.50 PER SHARE |FACE VALUE:1 |RECORD DATE:11-Nov-2026 |BOOK CLOSURE START DATE:- |BOOK CLOSURE END DATE:-](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- [Premier Energies Limited has informed the Exchange regarding a press release dated November 05, 2026, titled "Premier Energies Reports Strong Q2 FY27 Results" |SUBJECT: Press Release](https://nsearchives.nseindia.com/corporate/PEL2024_05112026101211_Press_Release_Signed.pdf)
- [Premier Energies Limited has informed the Exchange about Copy of Newspaper Publication |SUBJECT: Copy of Newspaper Publication](https://nsearchives.nseindia.com/corporate/PEL2024_05112026103825_Newspaper_Publication_Intimation.pdf)
- [Premier Energies Limited has informed the Exchange about Link of Recording |SUBJECT: Analysts/Institutional Investor Meet/Con. Call Updates](https://nsearchives.nseindia.com/corporate/PEL2024_05112026162924_SE_Intimation_-_Audio_Recording.pdf)
- [Premier Energies Limited has informed the Exchange about Audio Recording/Video Recording |SUBJECT: Analyst/Investor Meet Para A-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_23657_WebXMLFile_20261105_165308597.xml)
- [Premier Energies Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/PEL2024_04112026182631_Outcome_Q2_FY_2026-27_Signed.pdf)
- [Premier Energies Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2026, declared Interim Dividend of Rs. 0.50 per equity share. |SUBJECT: Dividend](https://nsearchives.nseindia.com/corporate/PEL2024_04112026183655_BM_Outcome_Q2_FY27_Financial_Results.pdf)
- [Premier Energies Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2026. |SUBJECT: Record Date](https://nsearchives.nseindia.com/corporate/PEL2024_04112026184116_BM_Outcome_Q2_FY27_Financial_Results.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Weak Uptrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹893.47
- Risk regime: Higher Price Risk

### Support levels
- 883.5999999999999
- 878.8
- 853.6

### Resistance levels
- 942
- 966.47265625
- 1007.097607421875

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.85% |
| return_10 | +4.30% |
| return_1m | -1.87% |
| return_1y | -11.37% |
| return_20 | +0.60% |
| return_3m | -14.56% |
| return_5 | +1.60% |
| return_6m | -13.84% |
| return_since_start | -33.21% |
| return_ytd | +5.05% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -48.74% |
| annualized_volatility | +38.08% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Premier Energies Limited Q2 FY2026-27: Revenue up 43% year on year

Premier Energies reported revenue from operations of ₹2,632 crore for the quarter ended 30 September 2026, up 43.3% year on year and 6.9% from Q1 FY2026-27. Profit for the period rose 30.8% year on year to ₹462 crore, but fell 2.0% sequentially as expenses grew faster than revenue. Positive operating cash flow was outweighed by investing outflows, and cash and cash equivalents declined from the March year-end balance.

## Revenue growth and expenses

Revenue from operations increased from ₹2,463 crore in Q1 FY2026-27 to ₹2,632 crore in Q2, extending a run of quarterly growth. Total expenses rose 8.9% sequentially to ₹2,055 crore, faster than revenue, while profit before tax declined 3.0% to ₹601 crore.

Cost of materials consumed was ₹1,788 crore. Other reported expenses included a negative ₹256 crore change in inventories, employee benefit expense of ₹63.9 crore and depreciation and amortisation of ₹116.6 crore.

## Profit and earnings

Profit for the period was ₹462 crore, compared with ₹472 crore in Q1 FY2026-27. Tax expense fell to ₹138.9 crore from ₹148.5 crore, comprising current tax of ₹143.9 crore and a deferred tax credit of ₹5.0 crore. Earnings per share were ₹10.24, versus ₹10.45 in the prior quarter; trailing-twelve-month EPS was ₹39.55.

Year on year, profit before tax increased 28.7% from ₹467 crore and profit for the period rose 30.8% from ₹353 crore. Comprehensive income was ₹462 crore, up 5.0% from ₹439.8 crore in Q1; other comprehensive income was negative ₹38.3 lakh. Finance costs eased to ₹42.2 crore from ₹43.9 crore sequentially.

## Cash flow and investment

Operating cash flow was ₹668.7 crore in Q2. Investing activities used ₹1,567 crore, leaving reported free cash flow negative at ₹898.3 crore; financing activities used a further ₹164.8 crore. Cash and cash equivalents were ₹403.4 crore at 30 September 2026, down from ₹1,466.5 crore at 31 March 2026.

Capital work in progress rose to ₹2,989.7 crore from ₹2,143.9 crore at 31 March, while property, plant and equipment increased to ₹2,428.4 crore from ₹1,652.6 crore. The larger balances reflect substantial additions to recorded assets and projects under construction, alongside the quarter’s lower cash balance.

## Working capital and balance sheet

Inventories increased to ₹2,968.2 crore at 30 September from ₹2,037.4 crore at 31 March. Trade receivables eased to ₹935.8 crore from ₹982.8 crore, while current investments rose to ₹462.5 crore from ₹403.8 crore.

Total assets were ₹12,733.2 crore at quarter-end, and equity stood at ₹5,445.9 crore, compared with ₹4,310.4 crore at 31 March. Goodwill was ₹242.2 crore at 30 September.

## Key Takeaway

Q2 delivered strong year-on-year revenue and profit growth, but sequential profit declined as expenses outpaced revenue growth. Positive operating cash generation did not cover investment outflows: free cash flow was negative, while project and fixed-asset balances increased and cash fell substantially from the March year-end level.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +58.49%
- FII holding: +7.92%
- DII holding: +17.97%
- Mutual fund holding: +12.91%
- Retail holding: +4.73%
- Promoter pledged: +0.00%

### Major reported shareholders

- CHIRANJEEV SINGH SALUJA — +57.19%
- SOUTH ASIA GROWTH FUND II HOLDINGS, LLC — +5.52%
- MOTILAL OSWAL NIFTY 500 ETF — +3.90%
- SUDHIR MOOLA — +3.06%
- QUANT MUTUAL FUND - QUANT MID CAP FUND — +2.65%
- AXIS MUTUAL FUND TRUSTEE LIMITED A/C AXIS MUTUAL F — +2.39%
- SBI LIFE INSURANCE CO. LTD — +1.19%
- VIVANA SALUJA — +1.12%
- SMALLCAP WORLD FUND, INC — +1.10%
- JASVEEN KAUR SALUJA — +0.18%

## Official filings

- 2026-11-06 — Corporate Action Notice: Premier Energies Limited - Ex-Date: 11-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-06 — Corporate Action Notice: Premier Energies Limited - Ex-Date: 11-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-06 — Corporate Action Notice: Premier Energies Limited - Ex-Date: 11-Nov-2026 — [Official attachment](https://www.nseindia.com/companies-listing/corporate-filings-actions)
- 2026-11-05 — Press Release: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_05112026101211_Press_Release_Signed.pdf)
- 2026-11-05 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_05112026103825_Newspaper_Publication_Intimation.pdf)
- 2026-11-05 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_05112026162924_SE_Intimation_-_Audio_Recording.pdf)
- 2026-11-05 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_23657_WebXMLFile_20261105_165308597.xml)
- 2026-11-04 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_04112026182631_Outcome_Q2_FY_2026-27_Signed.pdf)
- 2026-11-04 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_04112026183655_BM_Outcome_Q2_FY27_Financial_Results.pdf)
- 2026-11-04 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_04112026184116_BM_Outcome_Q2_FY27_Financial_Results.pdf)
- 2026-11-04 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_04112026184950_BM_Outcome_Q2_FY27_Financial_Results.pdf)
- 2026-11-04 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/OUTCOME_23657_WebXMLFile_20261104_193359828.xml)
- 2026-11-04 — Earnings Presentation: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_04112026200307_Investor_Presentation_Signed.pdf)
- 2026-11-04 — Financial Results Filing: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753167_04112026083633_WEB.xml)
- 2026-11-04 — Financial Results Filing: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_INDAS_1753223_04112026091748_WEB.xml)
- 2026-10-28 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_28102026193631_Intimation_of_Earning_Call_Signed.pdf)
- 2026-10-28 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/SAIIM_23657_WebXMLFile_20261028_200713117.xml)
- 2026-10-27 — Board Meeting Notice: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_27102026190728_Intimation_of_Board_Meeting_Signed.pdf)
- 2026-10-27 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_23657_WebXMLFile_20261027_192656125.xml)
- 2026-10-27 — Board Meeting Notice: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_23657_WebXMLFile_20261027_192656125.xml)
- 2026-10-15 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_15102026185801_SE_Intimation_Signed.pdf)
- 2026-10-15 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ANN_AGREEMENT_23657_WebXMLFile_20261015_201207306.xml)
- 2026-10-10 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_PARA_B_23657_WebXMLFile_20261010_191844310.xml)
- 2026-10-09 — Press Release: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_09102026191736_SE_Intimation_-_Press_Release_Signed.pdf)
- 2026-10-05 — Generic Announcement: Premier Energies Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/PEL2024_05102026171540_SE_Intimation_Reg_74_5_.pdf)

## News and market events

- 2026-11-07 — MONEYCONTROL: **Buy Premier Energies; target of Rs 1250: ICICI Securities** — ICICI Securities has issued a 'Buy' recommendation for Premier Energies, setting a price target of Rs 1250. The note was published on Moneycontrol on November 7, 2026. — [Source](https://www.moneycontrol.com/news/business/buy-premier-energies-target-of-rs-1250-icici-securities-2-14074312.html)
- 2026-11-07 — Mint: **Upcoming dividend, bonus, rights record date next week, 9-13 Nov: Dabur, RITES, CONCOR, HUL, ONGC, Emami among others** — At least 75 companies, including Dabur India, HUL, ONGC, and RITES, have fixed record dates for dividend, bonus, or rights issues between November 9 and 13, 2026. Dharti Proteins is the sole entity among these firms with a bonus issue record date on November 13, following its board's approval of a 1:1 ratio. Investors must hold shares before the respective record dates to qualify for these corporate actions. — [Source](https://www.livemint.com/market/stock-market-news/upcoming-dividend-bonus-rights-record-date-next-week-9-13-nov-dabur-rites-concor-hul-ongc-emami-among-others-11794037826095.html)
- 2026-11-06 — The Hindu: **Premier Energies Q2 net profit rises 31% to ₹462.4 crore** — Premier Energies reported a 31% year-on-year increase in consolidated net profit to ₹462.4 crore for the second quarter of FY27, driven by strong operational performance and rising demand for high-efficiency products. The company's total income rose over 38% to ₹2,656 crore as it achieved record production levels and expanded its integrated manufacturing capacity to become the largest player with 10.6 GW of cell and 11.1 GW of module capacity. — [Source](https://www.thehindubusinessline.com/incoming/premier-energies-q2-net-profit-rises-31-to-4624-crore/article71673725.ece)
- 2026-11-06 — The Hindu: **Premier Energies Q2 net profit rises 31% to ₹462.4 crore** — Premier Energies reported a 31% year-on-year increase in consolidated net profit to ₹462.4 crore for the second quarter of FY27, driven by strong operational performance and demand for high-efficiency products. The company's total income rose over 38% to ₹2,656 crore as it achieved record production levels and became India's largest integrated solar manufacturer with significant cell and module capacities. — [Source](https://www.thehindubusinessline.com/companies/premier-energies-q2-net-profit-rises-31-to-4624-crore/article71673725.ece)
- 2026-11-04 — CNBC-TV18: **Premier Energies Q2 results: Net profit rises 30% to ₹458 crore as revenue jumps 43%** — Premier Energies reported a 30% year-on-year rise in consolidated net profit to ₹458 crore and a 43.3% increase in revenue to ₹2,632 crore for Q2 FY27, driven by strong operational performance despite a contraction in EBITDA margins to 28%. The company’s order book stood at approximately ₹16,600 crore as of September 30, 2026, with domestic orders accounting for 99% of the total value. Additionally, Premier Energies provided updates on its capacity expansion plans, including the imminent commercial production of a 7 GW solar cell plant and ongoing development of battery energy storage and ingo — [Source](https://www.cnbctv18.com/market/earnings/premier-energies-q2-results-net-profit-rises-30pc-to-rs458-crore-as-revenue-jumps-43pc-20027357.htm)
- 2026-11-01 — Mint: **Cash rewards coming? PFC, CONCOR, RITES, to Sonata- These firms to announce dividend with Q2 results 2026 this week** — Multiple companies including Power Finance Corporation, Container Corporation of India Limited, RITES, and Sonata Software are scheduled to hold board meetings this week to announce Q2FY27 results and potentially approve dividends. — [Source](https://www.livemint.com/market/stock-market-news/cash-rewards-coming-pfc-concor-rites-pfc-to-sonata-these-firms-to-announce-dividend-with-q2-results-2026-this-week-11793537407103.html)
- 2026-10-21 — Times of India: **Which are the top stocks to buy or sell on October 21, 2026?** — img border="0" hspace="10" align="left" style="margin-top:3px;margin-right:5px;" src="https://timesofindia.indiatimes.com/photo/135080972.cms" /Stock market recommendations: Premier Energies, Jio Financial Services, and ICICI Life Insurance have been identified as top stocks to sell today by Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan for October 21, 2026. He sees ABB as a buy call. — [Source](https://timesofindia.indiatimes.com/business/india-business/top-stock-recommendations-for-october-21-2026-premier-energies-jio-financial-services-icici-life-insurance-abb-stocks-to-buy-or-sell-today/articleshow/135080972.cms)
- 2026-10-14 — BUSINESSTODAY: **Suzlon, BHEL, Adani Power, Tata Power, Adani Energy, Waaree shares: Targets, Q2 preview** — Suzlon share price, BHEL share price, Tata Power share price, Suzlon Energy share pirce, Waaree Energies share price, Premier Energies share price, Adani Power share price, Adani Green share price — [Source](https://www.businesstoday.in/markets/stocks/story/suzlon-bhel-adani-power-tata-power-adani-energy-waaree-shares-targets-q2-preview-561493-2026-10-14)
- 2026-10-10 — FREEPRESSJOURNAL.IN: **Premier Energies Bags ₹4,001 Crore Orders, Boosts Solar Cell And Module Capacity** — Premier Energies Ltd secured orders worth ₹4,001 crore in Q2 FY27, involving solar cell, module supplies and EPC project execution. The company also significantly expanded its manufacturing capacity for solar cells and modules. — [Source](https://www.freepressjournal.in/business/premier-energies-bags-4001-crore-orders-boosts-solar-cell-and-module-capacity)
- 2026-10-09 — CNBC-TV18: **Premier Energies Q2 Update: Bags ₹4,001 crore orders for 2,308 MW solar cell, module supplies** — Premier Energies secured orders worth ₹4,001 crore in Q2 FY27 for 2,308 MW of solar cell and module supplies, along with EPC project execution. The company reported module manufacturing capacity of 11.1 GW and solar cell capacity of 10.6 GW. — [Source](https://www.cnbctv18.com/market/stocks/premier-energies-share-price-q2-update-bags-rs-4001-crore-orders-for-2308-mw-solar-cell-module-supplies-20008827.htm)
- 2026-10-09 — BUSINESSTODAY: **Suzlon, Waaree, Premier, ACME, Clean Max, Emmvee, Vikram: RE stocks to buy ahead of Q2, targets** — Suzlon share price, Waaree share price, Premier share price, ACME share pice, Clean Max share price, Emmvee share price, Vikram share price, stocks to buy, Q2 results, targets — [Source](https://www.businesstoday.in/markets/stocks/story/suzlon-waaree-premier-acme-clean-max-emmvee-vikram-re-stocks-to-buy-ahead-of-q2-targets-560675-2026-10-09)
- 2026-09-30 — Mint: **Raja Venkatraman recommends two stocks for 30 September** — Market expert Raja Venkatraman shares his top stock picks for 30 September. Here’s his technical outlook and trade strategy. — [Source](https://www.livemint.com/market/stock-market-news/raja-venkatraman-recommends-two-stocks-for-30-september-11790730993565.html)
- 2026-09-30 — The Hindu: **Inox Clean Energy files for ₹10,000 crore IPO** — Inox Clean Energy files for a ₹10,000 crore IPO, including ₹8,000 crore fresh shares and up to ₹2,000 crore offer for sale. — [Source](https://www.thehindubusinessline.com/markets/inox-clean-energy-files-for-10000-crore-ipo-to-tap-clean-energy-growth/article71526534.ece)
- 2026-09-28 — The Hindu: **Why India’s solar manufacturing is a big success story** — India’s solar manufacturing surges with massive investments and policy push, despite US tariff hurdles and evolving global export prospects. — [Source](https://www.thehindubusinessline.com/specials/clean-tech/why-indias-solar-manufacturing-is-a-big-success-story/article71516999.ece)
- 2026-09-24 — Mint: **Buy Suzlon, Saatvik Green; Sell  Premier Energies, Emmvee Photovoltaic Power: Ambit Insights | Target price, upside** — Ambit Insights reduced Emmvee Photovoltaic's rating to ‘Sell’ predicting significant challenges ahead. They are optimistic about Saatvik Green and maintain a 'Buy' on Suzlon Energy. — [Source](https://www.livemint.com/market/stock-market-news/buy-suzlon-saatvik-green-sell-premier-energies-emmvee-photovoltaic-power-ambit-insights-target-price-upside-11790241660510.html)
- 2026-09-24 — BUSINESSTODAY: **Suzlon, Premier Energies, Emmvee, Saatvik Green shares: Target prices** — Suzlon share price, Suzlon shares, Suzlon share price today, Premier Energies share pice, Emmvee share price, Saatvik Green shares — [Source](https://www.businesstoday.in/markets/stocks/story/suzlon-premier-energies-emmvee-saatvik-green-shares-target-prices-557538-2026-09-24)
- 2026-09-22 — Economic Times: **Waaree Energies shares gain 2% after company bags 2 GW solar module order** — Waaree Energies shares rose after securing a 2 GW solar module supply order from a leading domestic solar developer for FY27-FY28. The contract’s value remains undisclosed. Despite the order, the stock has declined recently and trades below seven of eight SMAs. FIIs raised their June-quarter stake, while mutual fund holdings fell. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/waaree-energies-shares-gain-2-after-company-bags-2-gw-solar-module-order/articleshow/134402610.cms)
- 2026-09-21 — The Hindu: **Premier Energies commissions India’s largest Solar cell facility** — The manufacturing facility has started trial runs, taking the company’s total solar cell capacity to 10.6 GW — [Source](https://www.thehindubusinessline.com/companies/premier-energies-commissions-indias-largest-solar-cell-facility/article71490714.ece)
- 2026-09-21 — FREEPRESSJOURNAL.IN: **₹3,300-Crore Andhra Project Goes Live, Premier Energies Expands Solar Capacity To 10.6 GW** — Premier Energies commissioned a 7 GW solar cell plant in Andhra Pradesh for ₹3,293 crore, increasing its total manufacturing capacity to 10.6 GW. — [Source](https://www.freepressjournal.in/business/3300-crore-andhra-project-goes-live-premier-energies-expands-solar-capacity-to-106-gw)
- 2026-09-21 — BUSINESS: **Premier Energies commissions 7GW solar cell facility in Andhra Pradesh** — Premier Energies said that it has commissioned its 7 GW N-type TOPCon G12R solar cell manufacturing facility at Naidupeta, Andhra Pradesh, taking the company's total solar cell capacity to 10.6 GW. — [Source](https://www.business-standard.com/markets/capital-market-news/premier-energies-commissions-7gw-solar-cell-facility-in-andhra-pradesh-126092100240_1.html)
- 2026-09-21 — Economic Times: **Premier Energies commissions 7 GW solar cell plant in Andhra Pradesh** — Premier Energies commissioned a large solar cell manufacturing facility in Andhra Pradesh. This new plant significantly boosts the company's total solar cell production capacity. The facility is India's largest solar cell manufacturing plant and was completed on schedule. It aims to meet rising demand for high-efficiency solar modules in domestic and international markets. This expansion supports India's broader clean-energy transition goals. — [Source](https://economictimes.indiatimes.com/industry/renewables/premier-energies-commissions-7-gw-solar-cell-plant-in-andhra-pradesh/articleshow/134379732.cms)
- 2026-09-17 — MONEYCONTROL: **Premier Energies: Backward integration, strong order book to drive growth** — MCPro, Moneycontrol Research, Stock Recommendation, Q1 FY27, Premier Energies — [Source](https://www.moneycontrol.com/news/business/moneycontrol-research/premier-energies-backward-integration-strong-order-book-to-drive-growth-14031730.html)
- 2026-09-16 — BUSINESS: **KRN Heat Exchanger and Refrigeration Ltd leads losers in 'A' group** — PNC Infratech Ltd, Hatsun Agro Product Ltd, Premier Energies Ltd and Azad Engineering Ltd are among the other losers in the BSE's 'A' group today, 16 September 2026. — [Source](https://www.business-standard.com/markets/capital-market-news/krn-heat-exchanger-and-refrigeration-ltd-leads-losers-in-a-group-126091600765_1.html)
- 2026-09-15 — MONEYCONTROL: **Solar exporters urge US authorities to separate India probe from Indonesia, Laos** — India solar exports, US anti-dumping duty, Adani solar, Premier Energies, Waaree Energies, solar modules, clean energy India — [Source](https://www.moneycontrol.com/news/business/solar-exporters-urge-us-authorities-to-separate-india-probe-from-indonesia-laos-14029020.html)
- 2026-09-11 — BUSINESS: **Nifty ends below 23,400 as crude surge, rising yields pressure equities** — The key equity indices ended lower on Friday after a gap-down opening, as escalating tensions in the Middle East and a sharp rise in crude oil prices weighed on investor sentiment. The sell-off eased from the day's lows, but the Nifty remained below the 23,400 level, dragged by weakness in metal and auto shares. Brent crude surged amid concerns over supply disruptions, while the US 10-year Treasury yield moved close to 5%, adding to pressure on risk assets. — [Source](https://www.business-standard.com/markets/capital-market-news/nifty-ends-below-23-400-as-crude-surge-rising-yields-pressure-equities-126091100942_1.html)

## Business profile

**Strategic vision:** Integrated solar cell and module manufacturing and EPC solutions.

### Business segments
- **Solar Cell and Module Manufacturing:** Manufactures high-efficiency solar cells and modules, including Mono PERC and TOPCon technologies, with automated lines for various wafer sizes and module configurations.
- **Turnkey EPC Solutions:** Provides end-to-end solutions for solar energy projects, including turnkey engineering, procurement, and construction (EPC) services for solar power plants.
- **Independent Power Producer:** Operates solar power plants as an Independent Power Producer.

### Competitive strengths
- Integrated manufacturing of solar cells and modules
- Decades of experience in photovoltaic technology
- Global presence in EPC solutions across 30 countries
- Commitment to sustainable water management in operations
- USGBC LEED Gold-rated solar manufacturing facility

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/premierene
Markdown representation: https://faxioms.com/stocks/premierene?render=md