With 55.3% profit surge, Premier Energies eyes 10 GW solar buildout

Premier Energies, an Indian solar manufacturer, has reported a robust performance for the first quarter of FY2025–26, posting a net profit of INR 307.8 crore, a 55.3 per cent year-on-year (YoY) increase from INR 198.2 crore in the same period last year.

Revenue rose 9.9 per cent YoY to INR 1,820.7 crore, driven by strong operational performance and high capacity utilisation. Solar cell manufacturing utilisation reached 94 per cent, while solar module capacity stood at 77 per cent during the quarter.

As of June 30, 2025, the company held a strong domestic order book of 5,545 MW valued at INR 8,603 crore. Of this, 60 per cent is allocated to solar modules, 39 per cent to solar cells, and the remaining 0.6 per cent to EPC services.

Also read: Next-gen solar panels built for Rajasthan heat aim to power India’s green future.

Premier Energies is aggressively pursuing a major scale-up. It is targeting over 10 GW of integrated ingot-to-module manufacturing capacity by 2028 and has diversified into allied products, including solar inverters, battery energy storage systems (BESS), and aluminium module frames.

The company aims to establish 6 GWh of cell-to-BESS pack manufacturing capacity by June 2026, with another 6 GWh planned by March 2027. It also plans to produce one million string inverters annually equivalent to 3 GW by March 2026.

From the aluminium industry’s perspective, this expansion is highly significant. India’s solar infrastructure relies heavily on aluminium, which constitutes nearly 85 per cent of solar PV components such as frames and mounting structures.

According to the International Aluminium Institute, India’s renewable energy sector could generate up to 5.2 million tonnes of additional aluminium demand by 2030.

As Premier Energies ramps up its solar and energy storage expansion, India’s aluminium industry is poised to benefit from rising demand for lightweight, low-carbon materials positioning green aluminium as a key enabler of the country’s clean energy transition.

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