Rs 6,233 Crore Order Book: Solar Modules & Cells Manufacturer Reports Stellar Quarterly & Half-Yearly Results; PAT Jumps 380 Per Cent

The stock’s 52-week high of Rs 1,264.90 per share while its 52-week low is Rs 801. 60 per share.

On Friday, shares of Premier Energies Limited gained 3.11 per cent to Rs 1,127.70 per share from its previous 1,093.70 per share with an intraday high of Rs 1,142.35 and an intraday low of Rs 1,083. The stock’s 52-week high of Rs 1,264.90 per share while its 52-week low is Rs 801. 60 per share. The company has a market cap of over Rs 50,000 crore.

Premier Energies Limited is a leading integrated manufacturer of solar cells and modules, with nearly 30 years of experience in the solar industry. Its product portfolio encompasses solar cells, solar modules, monofacial and bifacial modules, EPC solutions and O&M solutions. The company operates five manufacturing facilities, all located on its own land in Hyderabad, India. Together, these facilities have an annual installed capacity of 2 GW for solar cells and 4.13 GW for solar modules.

According to Quarterly Results, the net sales increased by 121 per cent to Rs 1,553.59 crore and net profit increased by 290 per cent to Rs 205.95 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 144 per cent to Rs 3,222.38 crore and net profit increased by 380 per cent to Rs 404.11 crore in H1FY25 compared to H1FY24. In FY24, the company reported net sales of Rs 3,171.31 crore and net profit of Rs 231.36 crore.

As of September 30, 2024, the company had an order book of Rs 6,233 crore. Its key customers across various business segments include NTPC, Tata Power Solar Systems Ltd, Panasonic Life Solutions Pvt Ltd, Shakti Pumps, First Energy, Bluepine Pvt Ltd and Luminous, among others. The company has exported its products to several countries, including the United States, Hong Kong, South Africa, Bangladesh, Norway, Nepal, France, Malaysia, Canada, Sri Lanka, Germany, Hungary, the United Arab Emirates, Uganda, Turkey, South Korea, China, Taiwan and the Philippines.

Earlier, the company has secured significant orders worth Rs 765 crore for solar modules and cells from a diverse clientele. These orders, valued at Rs 632 crore and Rs 133 crore respectively, are expected to be fulfilled by July 2025. Additionally, the company has entered into an MSA with BN Hybrid Power-1 Private Limited to supply 173.35 MWp of advanced Topcon solar modules for a large-scale renewable energy project in Rajasthan. These developments underscore Premier Energies' strong position in the solar energy market and its commitment to delivering innovative and sustainable solutions.

Investors should keep an eye on this mid-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.