Premier Energies shares soared to 9% after the company posted an impressive five fold jump in net profits for the third quarter of FY 2024-25, on Tuesday, February 4, 2025.
Shares for the top manufacture of solar cells and modules started out strong by increasing 9.3% to an intraday high of ₹1,170 per share on the NSE. Later on, the company’s shares were being sold at a 2.63% premium of ₹1,098.50 per share by 10:15 AM.
With an overall traded value of ₹302.35 crore, more than 27 lakh shares were traded meaningfully. The company’s market cap is ₹49,445.44 crore.
Premier Energies reported a consolidated net profit of ₹254.90 crore for the October – December quarter of FY25 which is a staggering 490% increase from last year’s performance of ₹43.15 crore for the corresponding period of quarter.
The company’s consolidated total income for Q3FY25 now stands at ₹1,749.38 crore compared to ₹714.73 crore in Q3FY24, meaning an approximate increase of 144%. Compared to last quarter’s revenue of ₹1,553.59 crore, this shows an increase of 12% quarter on quarter.
Profit margins have also increased significantly compared to Q3 FY24 wherein the margins now stand at 14.59%. In the previous fiscal year same quarter the profit margins were 6.05%.
They also outpaced the projections in earnings before interest, taxes, depreciation, and amortization (EBITDA), which rose by 337.76% to ₹549.57 crore in Q3FY25, compared to ₹125.54 crore in Q3FY24.
