Premier Energies shares close 4.5% lower despite multifold jump in Q3 net profit and revenue

The stock opened sharply higher and rose further 9.3% to hit a high of ₹1,170 per share on the NSE. However, the stock later pared all of it gains to close 4.53% lower at ₹1,021 per share.

More than 99 lakh shares of the company changed hands on the bourse on Tuesday, with the traded value was ₹1,049 crore. The total market cap stood at ₹46,066 crore at the close.

India’s leading solar cell and module manufacturer reported a 490% jump in its consolidated net profit to ₹254.90 crore for the October-December quarter of FY 2024-25 compared to ₹43.15 crore in the year-ago period.

The consolidated total income of the company surged by around 144% to ₹1,749.38 crore in the third quarter of FY25 compared to ₹714.73 crore in the year-ago period. On a quarter-on-quarter basis, the total income rose by 12% compared to ₹1,553.59 crore in the September quarter.

The profit margin surged to 14.59% in the third quarter of FY25 from 6.05% in Q3FY24.

The company’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) surged 337.76% to ₹549.57 crore in Q3FY25 from ₹125.54 crore in Q3FY24.