Premier Energies Share Price: Premier Energyz shares saw a strong rally on Tuesday (February 4). Capital Goods sector company shares climbed BSE by 10 per cent in early trade on Mangalwar. The company is one of the largest companies in the country of the entrenched solar cell and solar module. This boom in the company’s shares has come due to increasing profits in the December quarter.
Premier Energyz’s shares were seen strongly after the news of an increase in profits. Premier Energy shares on BSE rose to more than 10 per cent to Intrade High of Rs 1177. However, later the shares of the company slipped more than 2%.
How to be the Q3 results of Premier Energyz?
Premier Energyz’s financial year 2024-25 in the October-December quarter increased the net profit by about six times the annual basis to Rs 255.2. It was Rs 43.21 crore in this quarter of a year ago. On a quarterly basis, there has been a strong jump of 23.93% in the company’s profits. This Q2 FY25 was Rs 205.94 crore. Apart from this, the company’s revenue also jumped 140.6 per cent to Rs 1713 crore in the third quarter of 2024-25.
Premier Energy’s order book strong
Premier Energy Order Book is 4,539 MW till Q3 FY25. The total value of this order book is Rs 6,946.1 crore, which shows an increase of 8% in the company’s order book on a quarterly basis.
The company also informed about its capacity expansion plans along with quarterly results. The company reported that its 2 GW capacity wafer manufacturing unit production is expected to start in FY26.
Shares were listed in September last year
Premier Energy shares were listed on September 3, 2024 at a price of Rs 990 on NSE. It was its IPO price 450 to 120 percent more. Premier Energe shares were listed at Rs 991 on BSE, which is 120.22 percent more than its issue price.