Premier Energies Secures Rs. 1,234 Cr Solar Module Supply Orders

Premier Energies

Leading Hyderabad-based solar manufacturer, Premier Energies has received two orders from its existing customers totaling Rs.1234 Crores. The company shared this update in a regulatory filing stating, “The supply of solar modules is scheduled to commence in April 2025.”

The Indian solar module and solar cell manufacturer in its latest financial results for the third quarter (Q3) of FY25 reported a significant rise in profits for the third quarter (Q3) of the financial year 2025 (FY25). This comes close after the entry of the company into the stock market and its expansion spree.

Premier Energies’ consolidated financial results revealed an impressive increase in net profits for Q3 FY25, reaching Rs 255.22 crore, marking an extraordinary 490.42% rise compared to Rs 43.22 crore in Q3 FY24. This substantial year-on-year (YoY) jump highlights the company’s strong financial recovery and growth trajectory.

Surge In Domestic Orders

While talking about the company’s current sales, Chiranjeev Saluja, Managing Director at Premier Energies gave a breakup of the company’s contribution to rooftop solar to its domestic sales in an investor’s call. He said, “So it’s very difficult to track that because we sell solar panels to various integrators, but if you ask me for a number out of our DCR sales, today rooftop could be around 25%, but it’s significantly growing.”

Balancing Exports With Domestic Demand

Talking about the company’s export plans, which had dropped 70% YTD, Chiranjeev Saluja said, “we give priority to domestic orders. And our focus has always been to make sure that we are making the products available for government-sponsored projects in India. That’s a priority for us. All our capacity expansion is also planned, keeping in mind the domestic demand.”

He further explained, “So as of now this is where our focus is, which we want to retain ensure that our exports are not more than 3% on an annual basis. But going forward, as capacity is built up in India and maybe the demand in US is very strong, we would take an appropriate call at that time.”