Premier Energies (PREMIERENE) investor relations material

Executive summary

• Achieved record revenue of INR 80,259 million in FY 2026, up 20.7% year-on-year, and PAT of INR 15,097 million, up 61.1% year-on-year, with stable profitability margins despite commodity and freight cost pressures.

• Expanded manufacturing capacity, including commissioning a 5.6 GW automated module plant and launching innovative Zero Busbar cells and all black modules, with strong market acceptance.

• Board approved raising up to INR 5,000 crore via equity shares, NCDs, warrants, or other convertible securities for expansion, subject to approvals.

• Recognized with multiple industry awards and certifications for excellence and sustainability.

• Key management changes included new Company Secretary and re-appointment of auditors.

Financial highlights

• FY 2026 consolidated revenue reached INR 80,259.06 million, up from INR 66,520.86 million in FY 2025; PAT was INR 15,096.89 million, up from INR 9,371.32 million.

• Q4 FY 2026 revenue was INR 22,689.01 million, with PAT of INR 4,568.37 million.

• Operational EBITDA margin at 32.1% for FY 2026; PAT margin at 18.8%.

• Net debt/EBITDA at 0.41; total debt/equity at 0.86; ROCE 33.5%, ROE 42.4%.

• Cash and cash equivalents at FY26 year-end stood at INR 14,665.22 million.

Outlook and guidance

• Major CapEx of INR 5,100 crore planned for FY 2027 across cells, ingot wafers, batteries, and inverters.

• Total capacity set to increase nearly sevenfold to 16.75 GVA by July 2026, focusing on HV and EHV segments.

• Allied products expected to contribute 25% of group revenues, leveraging sales synergies and margin improvement.

• Strong demand outlook driven by policy support, decarbonization, and emerging sectors like green hydrogen and electric mobility.

• Board approved capital raising to support growth and expansion, including new manufacturing facilities and acquisitions.