PREMIERENE Q2 Results: Revenue rose by 120.00% year-over-year (YoY) to Rs. 1527 crore, while net profit rose by 288.00% YoY to Rs. 206 crore.
NSE:PREMIERENE: Rs.1128 (+3.19%)
Incorporated in April 1995, Premier Energies Limited specializes in manufacturing integrated solar cells and solar panels. Its product portfolio includes solar cells, solar modules, monofacial and bifacial modules, as well as EPC and O&M solutions.
Revenue
Revenue for the current quarter (Sep 2024) is Rs. 1527 crore which is Rs. 1657 crore less than the revenue in the previous quarter (Jun 2024). However, it is higher than the revenue for the same quarter last year (Sep 2023) which was Rs. 694 crore.
Net Profit
Net Profit for the current quarter (Sep 2024) is Rs. 206 crore, which is Rs. 198 crore more than the net profit in the previous quarter (Jun 2024). However, compared to the same quarter last year, it is significantly higher than the net profit of Rs. 53 crore for Sep 2023.
Profit Margin
The profit margin for the current quarter (Sep 2024) is 25%, which is the 19% profit margin for the previous quarter (Jun 2024). However, compared to the same quarter last year, the profit margin remains unchanged at 25%, as it was in Sep 2023.
EPS
The profit margin for the current quarter (Sep 2024) is 4.57, which is the 5.93 profit margin for the previous quarter (Jun 2024). However, compared to the same quarter last year, the profit margin remains unchanged at 2.01, as it was in Sep 2023.
Other Income
Other income for the current quarter (Sep 2024) is Rs. 26 crore, which is Rs. 12 crore more than the other income for the previous quarter (Jun 2024). However, compared to the same quarter last year, it is higher than the other income of Rs. 8 crore for Sep 2023.