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Published 13:34 IST, February 4th 2025

Premier Energies Share Price Skyrockets 10% - See Details

The company’s robust order book and improved financial performance make it a key player to watch in the coming years.

Reported by: Business Desk
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Premier Energies Shares Surge 10% After Strong Q3 Performance
Premier Energies Shares Surge 10% After Strong Q3 Performance | Image: Pexels

Shares of Premier Energies jumped 10% in early trade on the BSE on Tuesday, February 4, following an exceptional rise in profits for the third quarter of FY24. The company reported a massive 490.58% jump in profit after tax (PAT), which soared to ₹255.22 crore from ₹43.21 crore in the same period last year.

Premier Energies held the meeting on February 3rd to declare the Q3 results, including the interim dividend. 


Premier Energies: Q3 Results 


The company declared the Q3 results and the revenue from operations grew by 140.47%, reaching ₹1,713.32 crore, up from ₹712.48 crore in Q3 FY24. The EBITDA saw a 337.76% increase, rising to ₹549.57 crore from ₹125.54 crore. 

The PAT margin improved to 14.59%, up from 6.05%, reflecting better profitability. EBITDA margin also surged to 31.42%, compared to 17.56% last year.

The company’s operating EBITDA grew by 316.49%, reaching ₹513.51 crore, with the operating EBITDA margin improving to 29.97% from 17.30%.

Premier Energies: Interim Dividend 


Premier Energies has also announced an interim dividend of ₹0.50 per share (50% on face value) for the financial year 2024-25. The record date for the dividend is February 14, 2025, and payments will be made within 30 days of declaration.

"Board of Directors in its aforesaid meeting decided, inter alia, to pay an interim dividend at the rate of 50% (50 Paisa Per share) on the face value of paid-up equity shares of Rs. 1/- each for the financial year 2024-25" as per exchange filing.

Premier Energies: Record Date

The company announced the record date for the dividend. The record date for the dividend is February 14, 2025, and payments will be made within 30 days of declaration.

"The Company has fixed Friday 14 February 2025 as the "RECORD DATE" for the purpose of ascertaining the eligibility of the shareholders for payment of the interim dividend" as per exchange filing.

Premier Energies: Order Book


Premier Energies has big expansion plans, targeting a 7 GW capacity for solar cells and 9.1 GW for modules by June 2026. As of the December quarter, the company had an order book of 4,539 MW worth ₹6,946 crore, with 63% of orders for modules and 36% for solar cells.


The company’s capacity utilization stood at 96% for cells and 74% for modules, indicating operational efficiency. The company’s robust order book and improved financial performance make it a key player to watch in the coming years.
 

Updated 13:42 IST, February 4th 2025