Premier Energies Ltd. reported a big soar in its third-quarter income, which rose 140.6 per cent year-on-year to ₹1,713 crore for the interval ended December 31, 2024. The corporate’s shares traded at ₹1,031.10, down 3.67 per cent on the NSE as of 12.10 PM, persevering with their decline from the day past’s shut of ₹1,073.
The corporate’s web revenue reached ₹255.2 crore, supported by elevated different revenue of ₹36 crore and a tax reversal of ₹21 crore.
EBITDA confirmed outstanding progress, reaching ₹513.7 crore in comparison with ₹123 crore in the identical quarter final yr, with margins increasing to 30 per cent from 17.3 per cent. Quarter-on-quarter, the corporate recorded a 12.2 per cent progress in income and a 35 per cent enhance in EBITDA.
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The corporate’s order ebook stood at 4,539 MW value ₹6,946 crore at quarter-end, with modules accounting for 63 per cent and cells for 36 per cent. Capability utilization remained sturdy with cells at 96 per cent and modules at 74 per cent.
Nevertheless, web debt elevated to ₹1,917 crore from ₹1,193 crore year-on-year and ₹1,017 crore quarter-on-quarter. Premier Energies has introduced plans to increase its manufacturing capability to 7 GW for cells and 9.1 GW for modules by June 2026.
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