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Premier Energies Q1 Profit Surges 53% to ₹472 Crore on Solar Boom
Premier Energies reported a 53% jump in Q1 net profit to ₹472 crore, driven by strong solar demand and capacity expansion. The company's profit growth contrasts with Vikram Solar's 85% drop.
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Premier Energies reported a 53% jump in first-quarter net profit to ₹472 crore, the company said Thursday. The solar module maker attributed the result to strong demand and capacity expansion.
India's solar sector has seen a surge in orders. The government is pushing for 500 GW of renewable capacity by 2030. Premier Energies has been adding manufacturing lines to capture a share of that market.