Premier Energies shares rise on securing orders worth ₹2,307 crore in Q3 FY26, F&O inclusion

The stock climbed as much as 3.45% to ₹881.5 per unit on the National Stock Exchange (NSE). At 9:25 am, it was up 0.93% to ₹859.95.

The scrip had hit its 52-week high of ₹1,384 on January 1, 2025 and 52-week low of ₹774.05 on April 7, 2025.

In an exchange filing, the company said that it has secured new orders totalling ₹2,307.30 crore during Q3 FY26. The orders will be executed in fiscal years 2027 and 2028.

The contracts were awarded by an array of leading domestic Independent Power Producers (IPPs) and other prominent clients in India, the company said.

The renewable energy company said that these orders will support it towards the capacity expansion plans, which aim to reach 10.6 gigawatts (GW) of solar cell capacity and 11.1 GW of solar module capacity by September 2026.

Chiranjeev Saluja, Managing Director and CEO, Premier Energies, said, "This robust order inflow underscores the trust our customers place in our manufacturing capabilities and technology roadmap. As India accelerates renewable energy deployment under the Atmanirbhar Bharat initiative, we remain focused on delivering high-quality solar solutions at scale while strengthening our backward integration and integrated manufacturing platform."

In the September quarter of FY26, the company had reported a 71.61% increase in its consolidated net profit to ₹353.43 crore as compared to ₹205.94 crore in the corresponding period of the previous fiscal year.

The consolidated revenue from operations advanced 20.27% to ₹1,836.86 crore in Q2 FY26 as against ₹1,527.22 crore a year back.