Premier Energies Limited · NSE:PREMIERENE
Premier Energies — Q2 FY2027 Earnings Presentation
42 slides from Premier Energies's earnings presentation, Nov 4, 2026
Slide 1: Stock exchange cover letter for investor presentation
Ref. No: PEL 68/2026-27 Date: November 04, 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
Slide 2: Q2 FY 2027 Results
Q2 FY 2027 Results 4 November 2026
Slide 3: Disclaimer
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, fairness and r
Slide 4: Q2 FY 2027 highlights
About Us Q2 FY 2027 highlights Revenue Cell production Cell capacity 26,560 INR Mn 916 MW 10.6 GW +38.2% YOY, +5.9% QOQ Module production Module capacity EBITDA 1,199 MW 11.1 GW 7,600 INR Mn Transformer capacity +17.8% YOY, +0.1 % QOQ Transformer production 28.6% Margin 761 MVA 10.75 GVA → 16.75 GVA
Slide 5: A platform for growth
About Us A platform for growth Scale advantage Focused growth strategy • Largest cell-module integrated manufacturer in • Leveraging core strengths in hi-tech solar the country manufacturing • Leveraging business scale and deep supplier • Disciplined expansion into adjacent areas with relationships
Slide 6: Agenda
AG E N DA 01 Industry highlights 02 Business updates 03 Sustainability and ESG 04 Financial performance 05 Company background 5
Slide 7: Industry Highlights
INDUSTRY HIGHLIGHTS 6
Slide 8: Steady growth in capacity addition
Industry Highlights Steady growth in capacity addition Solar capacity addition PM-Surya Ghar Yojana installations MW AC MW 4,478 14,451 3,332 2,224 1,744 11,891 11,085 10,602 Q3 Q4 Q1 Q2 8,900 FY 2026 FY 2026 FY 2027 FY 2027 8,478 7,781 Maharashtra UP Gujarat Rajasthan Kerala Others 7,103 5,288 Esti
Slide 9: Middle East conflict reshapes energy security priorities
Industry Highlights Middle East conflict reshapes energy security priorities After Hormuz, we need to move away from oil and gas wherever we can. Whether we like it or not, renewable energy is a reality and key to our energy security. - Secretary, Ministry of Power, Government of India Renewed thrus
Slide 10: Electrification of economy underway
Industry Highlights Electrification of economy underway FY 2025 energy consumption by source and application Electricity currently accounts for just 22% of India’s total MMT oil equivalent energy consumption. To reach net-zero and support the nation’s economic transformation, the power sector is tas
Slide 11: Battery storage market scaling up
Industry Highlights Battery storage market scaling up Monthly capacity addition Tender status Market opportunity & policy tailwinds GWh 30 Sep 2026 4.5 236 National Electricity Plan Open tenders GWh FY 2032 target 55 GWh 3.8 • CEA proposes 4-hour co-located BESS for Awarded 10% of capacity for solar
Slide 12: US manufacturing policy thrust
Industry Highlights US manufacturing policy thrust Power generation capacity addition Minimum import prices applicable from December 2026 GW 60 50 4 US ¢/W 13 US ¢/W 22 US ¢/W 38 US ¢/W 40 Polysilicon Wafers Cells Modules 30 Total AD and CVD tariffs on major module producing nations 20 Vietnam 395.8
Slide 13: Business Updates
VY Premier Energies BUSINESS UPDATES. | 4 : a : _ ~ i Z lal Bil ii EG
Slide 14: Order book
Business Updates Order book As on 30 September 2026 Split by value Order book INR Bn Transformers, EPC, 1% 2% 42.2 165.9 10,729 Cell, 48% 150.0 MW Module, 48% -26.3 Split by geography Export 1% 166 INR Bn Domestic 99% Jun-26 Sales New orders Sep-26 Note: Numbers are rounded off to the nearest whole
Slide 15: Production
Business Updates Production Quarterly production Effective capacity utilization MW 92% 99% 1,199 83% 84% 79% 961 956 953 918 916 79% 78% 844 73% 722 63% 593 55% 507 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Cells Modules Cells Modul
Slide 16: 7 GW cell plant – commercial production to commence shortly
Business Updates 7 GW cell plant – commercial production to commence shortly • N-type TOPCon G12R solar cells with an average target efficiency of 25.8% • Production capacity of 88,000 solar cells per hour • AI-enabled predictive analysis, precision process control and automated material handling to
Slide 17: Update on other projects
Business Updates Update on other projects 6 GWh BESS – Phase I Aluminium frames 10 GW ingot-wafer plant Land acquisition complete Site development underway Site development and design work underway Site development and civil construction in progress Site development activities underway Machinery ord
Slide 18: Technology leadership
Business Updates Technology leadership India’s first All-black TOPCon DCR module India’s first Zero Busbar TOPCon solar cell 2026 2026 Ranked 4th in the Ranked 13 in Terawatt Sinovoltaics Global PV PV’s Top 100 Global Module Manufacturer Module Manufacturers Ranking 2025 2025 Awarded 'A' Grade in th
Slide 19: Transcon Q2 performance
Business Updates Transcon Q2 performance Complete range of power solutions 10.75 6 761 3.3 GVA GVA MVA INR Bn Operational Under Production Order book capacity construction capacity • Bagged first EHV order • Approved vendor status with an international major opening up a long-term growth opportunity
Slide 20: Transcon – Neotrafo commissioning underway
Business Updates Transcon – Neotrafo commissioning underway 4 GVA capacity commissioned; 6 GVA COD expected by December 2026 19
Slide 21: Strengthening partnerships and social responsibility
Business Updates Strengthening partnerships and social responsibility Industry-academia collaboration National award Partnering with IIT Hyderabad to develop next- Ministry of Housing & Urban Affairs generation tech Government of India Industrial R&D and academic collaboration Affordable housing at
Slide 22: Building a future ready workforce
Business Updates Building a future ready workforce Attract and integrate Develop and upskill Enable and engage Lead and grow • Campus and shopfloor • Partnership with AP • Digital HR and employee • Focused leadership hiring to create government to upskill youth experience through development program
Slide 23: Sustainability and ESG
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Slide 24: Our sustainability framework
Sustainability and ESG Our sustainability framework ESG pillars Governance structure Adopted UN SDG goals Board of Directors Enterprise oversight People centric Oversee ESG strategy, risk management and performance monitoring Sustainability Board Committee Strategic governance Review key issues, cus
Slide 25: Striving for ESG excellence
Sustainability and ESG Striving for ESG excellence Key achievements Initiatives underway Zero liquid discharge Climate risk assessment Formulating net zero target with intermediate Zero waste to landfill milestones Zero product recalls through robust Supplier sustainability audits quality and safety
Slide 26: Empowering communities
Sustainability and ESG Empowering communities Strengthened community health Supported community meal and well-being across 8 villages preparation at Gurudwara Bangla in Telangana, reaching 15,000 Sahib with upgraded kitchen people through health equipment management programme Improved access to hygi
Slide 27: Financial Performance
FINANCIAL PERFORMANCE
Slide 28: Operational performance and revenues
Financial Performance Operational performance and revenues Revenue from operations Operating EBITDA PAT INR Mn INR Mn INR Mn +43.3% YOY +31.2% YOY +30.8% YOY +6.9% QOQ +3.0% QOQ -2.0 % QOQ 12,000 40.0% 7,500 26,319 19.9% 20.1% 24,626 35.0% 6,500 18.4% 18.8% 20.0% 10,000 30.5% 30.6% 30.3% 17.4% 22,30
Slide 29: Revenue mix
Financial Performance Revenue mix Revenue mix by geography Revenue mix by business 4% 4% 75% 78% 71% 88% 77% 99% 99% 100% 99% 98% 24% 22% 24% 18% 12% Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Q2 FY 2026 Q3 FY 2026 Q4 FY 2026 Q1 FY 2027 Q2 FY 2027 Exports Domestic sales Domestic - Cell D
Slide 30: Other financial indicators
Financial Performance Other financial indicators Net debt Net working capital INR Mn Days Total D/E 16,417 19,108 113 0.72 September 2026 10,464 83 77 72 3,867 CFO/ PAT (5,673) 0.72 H1 FY 2027 Q2 FY Q3 FY Q4 FY Q1 FY Q2 FY FY 2024 FY 2025 FY 2026 H1 FY 2027 2026 2026 2026 2027 2027 29
Slide 31: Consolidated P&L
Financial Performance Consolidated P&L Amount, INR Mn Q2 FY 2027 Q2 FY 2026 Y-O-Y Q1 FY 2027 Q-O-Q Revenue from operations 26,318.52 18,368.65 43.28% 24,625.94 6.87% Other Income 241.92 845.01 -71.37% 450.43 -46.29% Total Income 26,560.44 19,213.66 38.24% 25,076.37 5.92% Cost of materials consumed 1
Slide 32: Segmental P&L for Q2 FY 2027
Financial Performance Segmental P&L for Q2 FY 2027 Amount, INR Mn Solar Cells and Modules Transformers Consolidated Revenue from operations 25,096.97 1,221.55 26,318.52 Other Income 223.16 18.76 241.92 Total Income 25,320.14 1,240.30 26,560.44 Cost of materials consumed 16,881.44 997.33 17,878.77 Pu
Slide 33: Consolidated balance sheet & cash flow statements
Financial Performance Consolidated balance sheet & cash flow statements Amount, INR Mn H1 FY 2027 FY 2026 H1 FY 2026 Shareholders' Funds 51,693.88 43,077.16 34,540.61 Non-controlling interest 2,764.69 26.46 0.00 Non-Current Liabilities 32,697.86 33,331.47 13,925.02 Current Liabilities 40,175.22 32,0
Slide 34: Annexure – Company Background
ANNEXURE – COMPANY BACKGROUND 33
Slide 35: 30+ years of solar manufacturing excellence
Company Background 30+ years of solar manufacturing excellence Capacity expansion and Capacity EPC business expansion plus JV IPO BESS, inverter Fresh Capacity and capital raise transformer expansion INR 1.8 Bn of INR 12.9 foray Equity Bn First cell line investment First module line Incorporation Ca
Slide 36: Ownership
Company Background Ownership FIIs and other foreign GEF Capital investors Retail investors Promoters Domestic funds and institutions 35
Slide 37: Corporate structure
Company Background Corporate structure PREMIER PREMIER ENERGIES ENERGIES LIMITED SOLAR ALUMINIUM FRAMES BESS TRANSFORMERS EPC Premier Energies Premier-Green Premier Battery HeliosAnthos Photovoltaic Private 100% Aluminium Private 80% Technologies 100% Transcon Ind Limited 51% Energies Private 51% Li
Slide 38: Our leadership team
Company Background Our leadership team SURENDER PAL SINGH SALUJA CHIRANJEEV SINGH SALUJA REVATHI ROHINI BURAGADDA SUDHIR MOOLA NIYATHI N.MADASU CHAIRMAN MANAGING DIRECTOR EXECUTIVE DIRECTOR CHIEF STRATEGY OFFICER & CHIEF HUMAN RESOURCES DIRECTOR OFFICER Strategic Advisor to the Board Company Vision
Slide 39: 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+ Allied products and services BESS solutions Inverters Ingots Wafers Cells Modules EPC services Transformers Diversified produc
Slide 40: Consistent growth track record
Company Background Consistent growth track record Total Revenue EBITDA PAT Cell production Module production INR Mn INR Mn INR Mn MW MW 15,097 2,268 80,259 3,570 25,787 66,521 19,142 1,611 2,431 9,371 31,713 769 1,047 14,632 5,053 2,314 488 7,670 228 1,129 110 234 537 (144) (133) FY FY FY FY FY FY F
Slide 41: Wide-ranging recognition in the industry
Company Background Wide-ranging recognition in the industry 2026 2026 2026 2026 India’s Most Trusted CII Excellence Award CII National EHS Ranked 13 in Terawatt Workplaces for R&D Governance Excellence Award PV’s top 100 Global & Leadership 2025 - Bronze Winner Module Manufacturers 2026 2026 2026 20
Slide 42: Thank you!
Thank you! PREMIER ENERGIES LIMITED CIN: U40106TG1995PLC019909 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