Total Income During the Latest Quarter Increased to ₹2,507.6 Crore From ₹1,869.5 Crore a Year Ago

Premier Energies’ first quarter profit for FY27, jumps over 53% to ₹472 crore; the company had reported a net profit of ₹307.8 crore in the first quarter of preceding 2025-26 fiscal. Total income during the latest quarter increased to ₹2,507.6 crore from ₹1,869.5 crore a year ago. Premier Energies on Friday posted over 53 per cent year-on-year rise in consolidated net profit at ₹471.9 crore for June quarter FY27, driven by increased revenues from key business segments.

Managing Director Chiranjeev Singh Saluja said the company recently inaugurated a 5.6 GW module manufacturing facility at Seetharampur and is making significant progress on its 7 GW solar cell manufacturing facility at Naidupeta, where machinery installation is underway and trial runs are expected to commence shortly. As per the company filing, its board has approved re-appointment of Saluja as MD for a period of five years with effect from December 19, 2026. Premier Energies is an integrated solar manufacturing company, with three decades of experience in photovoltaic technology. The company is in the process of more than doubling its annual solar cell manufacturing capacity to 10.6 GW. It has a solar module making capacity of 11.1 GW.