3 weeks ago
Premier Energies Q1 Profit Rises 53% To Rs 471.9 Crore
Premier Energies is a company that works in the solar energy business.
It told everyone how much money it made in the three months from April to June.
The company did much better this year than it did last year.
Its profit went up by 53 percent compared to the same time a year ago.
It earned Rs 471.9 crore in profit, which is a very large amount of money.
The company also made more money from selling its products, called revenue.
It bought a part of another company called Transcon Ind Ltd.
This new business makes equipment for power transmission and distribution.
The company decided not to buy another company called KSolare Energy.
Overall, the quarter was a strong one for the company.
Premier Energies reported a 53 percent year-on-year rise in consolidated net profit to Rs 471.9 crore for Q1 FY27, up from Rs 307.8 crore a year earlier.
Revenue from operations grew to Rs 2,462.6 crore from Rs 1,820.7 crore in the corresponding quarter of the previous year.
Sequentially, profit improved from Rs 456.8 crore in Q4 FY26, while revenue rose from Rs 2,230.3 crore.
The company completed the acquisition of a 51 percent stake in Transcon Ind Ltd., making it a subsidiary from April 3, 2026, and added a Power Transmission & Distribution Equipment segment that contributed Rs 106.5 crore in revenue.
Premier Energies terminated its proposed acquisition of KSolare Energy Pvt. Ltd. with no financial implications, and basic and diluted earnings per share stood at Rs 10.45.
- Who
- Premier Energies Ltd.
- What
- Reported Q1 FY27 consolidated net profit of Rs 471.9 crore, up 53 percent year-on-year, with revenue from operations rising to Rs 2,462.6 crore.
- Where
- India, with results reported from Mumbai.
- When
- Quarter ended June 30, 2026 (Q1 FY27).
- Why
- Stronger operating performance during the quarter, alongside the consolidation of Transcon Ind Ltd. following the acquisition of a 51 percent stake.
Key facts
- Company
- Premier Energies Ltd.
- Quarter
- Q1 FY27 (April-June 2026)
- Consolidated Net Profit
- Rs 471.9 crore (up 53% YoY)
- Revenue from Operations
- Rs 2,462.6 crore
- Profit Before Tax
- Rs 620.4 crore
- Earnings Per Share
- Rs 10.45 (basic and diluted)
- Acquisition
- 51% stake in Transcon Ind Ltd., subsidiary from April 3, 2026
- FY26 Full-Year Revenue
- Rs 7,824.4 crore
Sources
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