Premier Energies Limited — Investor Meet, 29-01-2026: Analysts/Institutional Investor Meet/Con. Call Updates

Premier Energies reported record Q3 FY26 revenue and profit, leveraging best-in-industry utilization levels. The company completed a brownfield expansion, adding 400 MW cell and 350 MW module capacity, with its 1.2 GW G12R TOPCon cell line operating at 80% utilization and aiming for 100% by February 2026. Significant expansions are planned, including 5.6 GW module capacity by March 2026 and 7 GW cell capacity by September 2026, targeting a total of 10.6 GW cell and 11.1 GW module capacity. The order book stands strong at 9.4 GW, valued at INR 13,723 crore, with ~70-75% slated for FY27 execution.

Management is confident in robust demand from PM-Surya Ghar and KUSUM schemes, projecting over 30 GW DCR market demand in FY27. Cost volatility from inputs like silver is actively managed through hedging and customer price pass-through, ensuring minimal margin impact. Depreciation for older Mono PERC lines is complete, providing stable depreciation for new assets. Strategic investments include a 10 GW ingot wafer line (total capex INR 5900 crore) and INR 280 crore for a 6 GWH BESS assembly line. The company highlights its competitive advantage through scale, backward integration, and technology leadership, signaling a confident growth trajectory.