Premier Energies Limited · NSE:PREMIERENE
Premier Energies — Q3 FY2026 Earnings Presentation
37 slides from Premier Energies's earnings presentation, Jan 22, 2026
Slide 1: Exchange filing cover letter
Ref: PEL 80 /2025-26 Date: January 22, 2026 To To The Secretary The Manager, BSE Limited Listing Department Phiroze Jeejeebhoy Towers, National Stock Exchange of India Limited Dalal Street, Exchange Plaza, C-1, G Block, Bandra-Kurla Mumbai - 400001 Complex, Bandra (East), Mumbai – 400 051 Scrip Code
Slide 2: Q3 FY 2026 Results Presentation
Q3 FY 2026 Results Presentation 22 January 2026 1
Slide 3: Disclaimer
About Us Disclaimer This presentation has been prepared by the Company based on information and data which the Company considers reliable, but the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairn
Slide 4: Q3 highlights
Q3 highlights Financial Results Production Capital Base Production Revenue Modules Cells Total Debt / Equity 19,661 INR Mn 956 MW 593 MW 0.78 Annual capacity EBITDA Modules Cells 6,229 INR Mn 5.1 GW 3.2 GW Net Debt PAT Order book 3,867 INR Mn 3,916 INR Mn 9.4 GW 137 INR Bn 3
Slide 5: Agenda
AG E N DA 01 Industry highlights 02 Business updates 03 New businesses 04 Sustainability and ESG 05 Financial performance 06 Annexure – Company background 4
Slide 6: Industry Highlights
INDUSTRY HIGHLIGHTS 5
Slide 7: Record capacity addition in 2025
Industry Highlights Record capacity addition in 2025 Solar capacity addition, MW AC New installations in retail schemes, MW AC 37,945 686 577 24,546 465 13,872 255 241 213 219 10,879 10,016 138 72 47 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 2021 2022 2023 2024 2025 PM Surya Ghar PM KUSUM Source: MNRE | No
Slide 8: Strong growth prospects
Industry Highlights Strong growth prospects BNEF estimate of module demand in 2035 • 61 GW solar and 20 GW hybrid projects 10% under development (signed PPAs) – CAGR 126 GW demand visibility for at least 3 years Estimated • Policy impetus behind residential rooftop module demand (Surya Ghar) and sol
Slide 9: Soaring BESS demand
Industry Highlights Soaring BESS demand Tender status, GWh Cumulative tender issuance 57 Open tenders 19 34 26 Awarded 32 Under construction 23 2018 - 2021 2022 2023 2024 2025 BESS (GWh) FDRE (GW) Solar+BESS (GWh) Source: IESA (29 December 2025) | Note: Tender status data excludes awarded FDRE proje
Slide 10: Clear roadmap to 100% domestic manufacturing
Industry Highlights Clear roadmap to 100% domestic manufacturing ALMM implementation timeline 2024 2025 2026 2027 2028 ALMM-II ALMM-III ALMM-I utility scale projects bid utility scale projects mandatory for all from September 2025 bid after the cut-off onwards must use ALMM- date must comply governm
Slide 11: Continued policy support for the sector
Industry Highlights Continued policy support for the sector Power/ Solar Sector BESS Sector GHG emission reduction targets for heavy industries CERC draft framework for co-located energy storage Phased emission-intensity reduction for 282 industrial units Regulated status for co-located storage proj
Slide 12: Need to upgrade scale and technology
Industry Highlights Need to upgrade scale and technology ALMM-approved cell capacity, MW ALMM-approved module capacity, MW 55% capacity based on legacy technologies 40% capacity sub-scale and obsolete 17,013 < 1 GW capacity 7,422 TOPCon 26,141 13,099 1-3 GW capacity PERC Total Total 23,733 MW 144,80
Slide 13: Managing silver risk
Industry Highlights Managing silver risk Consumption down by 68% in five years, expected to reduce by another 30% by 2030 Multi-crystalline Mono-PERC TOPCon 125 30 Silver 100 consumption 24 Silver mg/ cell (LHS) 75 consumption 18 mg/ W (RHS) 50 12 25 Cell size 6 W (RHS) 0 0 FY 2021 FY 2022 FY 2023 F
Slide 14: Business Updates
BUSINESS UPDATES 13
Slide 15: Brownfield expansion
Business Updates Brownfield expansion Brownfield expansion of cell and module capacity at existing sites through installation of additional equipment using existing utilities Cells 400 MW (total 3.6 GW) Modules 350 MW (total 5.4 GW) COD – January 2026 Total capital expenditure – INR 1,010 Mn Funding
Slide 16: Cell and module expansion on track
Business Updates Cell and module expansion on track 5.6 GW module manufacturing plant Seetharampur, Telangana ✓ Manufacturing and storage shed construction completed ✓ Utility works in-progress ✓ Auxiliary building civil works underway ✓ Target completion date – March 2026 7 GW cell manufacturing pl
Slide 17: Order book
Business Updates Order book As on 31 December 2025 Split by value Order book, INR Mn EPC, 0.1% 9,413 Cell, 54% 1,32,496 24,104 1,37,235 Module, MW 46% -19,365 Split by geography Export 0% 137,235 INR Mn Orders Sales New Orders Sep-2025 orders Dec-2025 Domestic 100% 16
Slide 18: Production
Business Updates Production Quarterly production, MW Effective capacity utilization Cells Modules Cells Modules 96% 95% 94% 961 956 83% 79% 735 665 670 79% 78% 74% 75% 77% 593 507 459 453 447 Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY 2025 2025 2026 2026 2026 2025 2025 2026 2026 202
Slide 19: Gaining competitive advantage
Business Updates Gaining competitive advantage Scale, backward integration, technology and balance-sheet strength key drivers of success ✓ 10 GW plus integrated ingot-wafer-cell- module capacity ✓ Latest technology Vertical Integration ✓ Technical and operating expertise ✓ Fully funded with strong b
Slide 20: New Businesses
NEW BUSINESSES 19
Slide 21: Business updates – transformers and inverters
New businesses Business updates – transformers and inverters Acquisition completed Acquisition update 50% of the consideration value paid on 23 December 2025, Final documentation and transaction completion expected by balance payment expected by Feb-2026 Feb-2026 Operational update Operational updat
Slide 22: Sustainability and ESG
S U S TA I N A B I L I T Y A N D E S G 21
Slide 23: Our first Sustainability Report
Sustainability and ESG Our first Sustainability Report Our sustainability framework • 100% plastic recycling • Certified by TUV, • 6,460 KL rainwater BIS, UL harvesting • Safe waste • Sustainable handling Product Planet packaging Leadership Positive • ISO certified energy “Our sustainability efforts
Slide 24: Empowering communities
Sustainability and ESG Empowering communities Promoting the 53rd Pandit Extending support for NICU Jasraj Hyderabad Sangeet care for five premature Samaroh for Indian classical babies through M/s Extra music Mile Foundation Supporting rural Facilitating renovations in infrastructure development host
Slide 25: Sustainability goals
Sustainability and ESG Sustainability goals 31% Zero Liquid Discharge Avoided emission of Certified Great Place to Female employees Recycle 75% of water 59 MMTCO2e in Q3 FY Work for the fourth year on shop floor Reuse 80% of water 2026 by supply of in a row recycled modules & cells 25% Total green j
Slide 26: Sustainability goals
Sustainability and ESG Sustainability goals India’s first LEED gold rated Zero waste to land fill Adopted 9.74 acres for greenbelt solar manufacturing facility development certification by US Green Traceable and audited Building Council GHG emission accounting sourcing process implemented for scope
Slide 27: Financial Performance
FINANCIAL PERFORMANCE 26
Slide 28: Financial performance
Financial Performance Financial performance Revenue from operations, INR Mn Operating EBITDA, INR Mn PAT, INR Mn +13.0% YOY +15.5% YOY +53.4% YOY +5.4% QOQ +5.8% QOQ +10.8% QOQ 32.6% 18.4% 19.9% 30.0% 30.1% 30.5% 30.6% 4,600 14.6% 16.5% 16.5% 20.0% 19,365 6,950 5,932 25.0% 4,100 3,916 10.0% 5,950 5,
Slide 29: Revenue mix
Financial Performance Revenue mix Revenue mix by geography Revenue mix by business 4% 6% 2% 5% 3% 61% 70% 74% 72% 75% 97% 94% 99% 99% 99% 35% 24% 23% 24% 22% 3% 6% 1% 1% <1% Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY 2025 2025 2026 2026 2026 2025 2025 2026 2026 2026 Exports Domestic
Slide 30: Other financial indicators
Financial Performance Other financial indicators Net debt, INR Mn Total debt to equity 3,867 0.78 0.69 0.62 0.49 0.47 -4,971 -5,673 -9,919 -10,570 Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY Q3 FY Q4 FY Q1 FY Q2 FY Q3 FY 2025 2025 2026 2026 2026 2025 2025 2026 2026 2026 Note: Net debt equals total debt less cash
Slide 31: Consolidated P&L
Financial Performance Consolidated P&L Amount, INR Mn Q3 FY26 Q3 FY25 Y-O-Y Q2 FY26 Q-O-Q Revenue from operations 19,364.64 17,133.23 13.02% 18,368.65 5.42% Other Income 296.55 360.58 -17.76% 845.01 -64.91% Total Income 19,661.19 17,493.81 12.39% 19,213.66 2.33% Cost of materials consumed 11,389.53
Slide 32: Annexure – Company Background
ANNEXURE – COMPANY BACKGROUND
Slide 33: 30 years of solar manufacturing excellence
Company background 30 years of solar manufacturing excellence Capacity expansion plus IPO inverter and Fresh capital transformer Capacity raise of INR acquisitions expansion INR 1.8 Bn 12.9 Bn Equity First cell line investment First module by GEF Capital line Incorporation Capacity Capacity Capacity
Slide 34: Mission 2028
Company background Mission 2028 To become India’s leading provider of cleantech solutions with a portfolio of complementary products Vertically integrated capacity of 10 GW+ Portfolio of allied products Solar inverters BESS solutions Ingots Wafers Cells Modules Transformers Diversified product portf
Slide 35: Leading Indian manufacturer of cells and modules
Company background Leading Indian manufacturer of cells and modules Amongst the largest integrated One of the first 30 years cell-module manufacturers in India Indian companies to produce TOPCon cells of successful manufacturing track record ALMM, DCR and BIS compliant Nearly 100% market share Top P
Slide 36: Certifications and awards
Company background Certifications and awards 2025 2025 2025 2025 ‘A’ Grade in Global CII Award for CFO of the 1.925 GW Cell CII Award for Solar Module Year – Energy, Capacity Approved Manufacturing Manufacturer Ranking Infrastructure & Utilities under ALMM-II in July Excellence 2025 2025 2025 2024 R
Slide 37: Thank you!
Thank you! PREMIER ENERGIES LIMITED CIN: L40106TG1995PLC019909 Corporate office Production facilities 8th floor, Orbit Tower 1, Sy. No. 83/1, Plot No. 8/B/1&2, E-City, (Fab City) Maheshwaram Hyderabad Knowledge City, TSIIC, Mandal, Raviryala Village, Ranga Reddy District, Raidurgam, Hyderabad- 50008