According to reports from NDTV Profit, Premier Energies expects revenue to grow by nearly 50% in the current financial year, with consensus estimates projecting revenues between ₹12,000-13,000 crore for the year. Chief Business Officer Vinay Rustagi indicated the company expects to "end up somewhere in the same territory" as these projections. The company's first quarter has already delivered a run rate in excess of ₹10,000 crore, with growth expected to continue sequentially as new cell and module capacities come on stream.
As reported by NDTV Profit, the company's order book stood at around ₹15,000 crore, with order intake remaining "very healthy" even after the end of the last quarter. This strong order book position provides visibility for future revenue growth and demonstrates robust market demand for the company's products and services.
According to NDTV Profit, Premier Energies aims to sustain its 29-30% EBITDA guidance over the next several years, backed by backward integration into ingots and wafers. Rustagi noted that large capacities in the upstream space, which is where margins come from, will help maintain margins and industry leadership. The company's upcoming 7 GW cell line would be the largest single line in India, supporting this margin sustainability strategy.
As reported by NDTV Profit, Rustagi acknowledged that return on capital employed (ROCE), currently above 30%, would likely moderate as the company undertakes capital-intensive investments in cells and wafers over the next two years. Despite this expected moderation, the company maintains its commitment to aggressive capacity expansion and backward integration drive while ruling out any fresh equity raise. Rustagi emphasized that the company's "entire CapEx programme is fully funded" with a healthy balance sheet and total debt to equity ratio less than one.
According to NDTV Profit, the company is scaling up its battery storage and transformer businesses, alongside a US cell manufacturing joint venture under development, as part of its broader growth strategy. These diversification efforts complement the company's core solar manufacturing capabilities and position it for long-term growth across multiple energy infrastructure segments. Rustagi noted that the company maintains an enabling resolution only for flexibility should new growth opportunities arise, not to signal an imminent fundraise.
