Premier Energies Q2 FY27 Results: Consolidated Net Profit ₹462 Crore on Total Income of ₹2,656 Crore

Premier Energies reported consolidated total income of ₹2,656.04 crore and net profit of ₹462.39 crore for the quarter ended 30 Sep 2026. Standalone total income was ₹271.57 crore and standalone net profit ₹35.97 crore.

Key highlights

Summary

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Consolidated total income rose 38.2% YoY to ₹2,656.04 crore, and net profit rose 30.8% to ₹462.39 crore. Net profit grew more slowly than total income. Revenue from operations rose 43.3% to ₹2,631.85 crore, while other income fell 71.4% to ₹24.19 crore from ₹84.50 crore a year earlier.

Profit before tax rose 28.7% to ₹601.27 crore and tax expense rose 22.1% to ₹138.88 crore. Net profit rose 30.8% YoY, faster than profit before tax (up 28.7%). Tax expense of ₹138.88 crore is 23.1% of profit before tax of ₹601.27 crore. Finance costs of ₹42.20 crore are 1.6% of total income, up 30.0% from ₹32.45 crore a year earlier.

Depreciation fell 19.9% YoY to ₹116.63 crore from ₹145.68 crore, and rose 22.0% from ₹95.63 crore in the previous quarter. The notes say the Group re-estimated the useful life of certain plant and machinery used to make solar cells and modules, on a prospective basis. The notes state the change raised the depreciation charge by ₹90.77 crore for the quarter ended 30 Sep 2025 and by ₹181.55 crore for the six months ended 30 Sep 2025, and by nil for the quarter and six months ended 30 Sep 2026.

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Standalone total income rose 17.0% YoY to ₹271.57 crore, but net profit fell 34.7% to ₹35.97 crore from ₹55.10 crore. Standalone net profit fell 34.7% YoY while total income rose 17.0%. Revenue from operations rose 31.2% to ₹252.66 crore, while other income fell 52.0% to ₹18.92 crore.

Finance costs were ₹17.26 crore this quarter against ₹0.92 crore a year earlier, and were 6.4% of total income. The standalone statement carries no separate segment information; segment information is given in the consolidated results.

Standalone tax expense of ₹11.48 crore is 24.2% of profit before tax. Basic EPS was ₹0.80 against ₹1.23 a year earlier; the EPS figures for the quarter are not annualised.

Inference

The board declared an interim dividend of ₹0.50 per equity share, 50% of the ₹1 face value, for FY 2026-27. The record date is 11 Nov 2026 and payment is due on or before 3 Dec 2026. In the six months to 30 Sep 2026 the company also allotted 9,57,142 equity shares to the PEL ESOP Trust at a premium of ₹699 per share.

Transcon Ind Limited became a subsidiary from 3 Apr 2026. In the six months to 30 Sep 2026 the company acquired further equity shares for the remaining consideration of ₹250.31 crore, taking its stake to 51%. The allocation of the purchase consideration is provisional, and goodwill of ₹242.21 crore has been recognised. The board also took note of PEGEPL's budget of ₹5,947 crore for a 10 GW ingot and wafer facility at Naidupeta, Andhra Pradesh, with the estimated completion of the 5 GW Phase I set for 31 Dec 2027.

After 30 Sep 2026, Premier Battery Technologies Private Limited, PESSPL and RCT Nexor Energy Private Limited signed a share allotment and shareholders' agreement giving RCT India milestone-linked equity equal to 15% of PESSPL's paid-up capital. Blacklitt's article of 15 Oct 2026 covered a shareholders' agreement with RCT Group for a 12 GWh battery storage joint venture. A reader would want the reasons for the fall in other income and for the change in depreciation between the two quarters, and the filing leaves those open.