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HomeMarket NewsStocks NewsSouth Asia Growth Fund II likely to offload 5.5% stake in Premier Energies via block deals
The floor price for the transaction has been fixed at ₹1,051.50 per share, which represents up to a 1% discount to the current market price. Shares of Premier Energies Ltd ended at ₹1,064.70, up by ₹10.55, or 1%, on the BSE.
South Asia Growth Fund II Holdings is likely to divest up to 2.5 crore shares of solar cell and module manufacturer Premier Energies Ltd, representing approximately 5.5% of the company’s equity, through block deals, sources privy to the developments told CNBC-TV18.
The floor price for the transaction has been fixed at ₹1,051.50 per share, which represents up to a 1% discount to the current market price, the sources added.
Results
The company's revenue in the fourth quarter increased by 43.9% to ₹1,620.8 crore from ₹1,126.5 crore in the year-ago period. For the entire financial year 2025, the company's revenue more than doubled, rising 107% to ₹6,518.7 crore from ₹3,143.7 crore in the previous year.
Also Read: Premier Energies share price target cut 20% by JPMorgan on near-term margin risks
Premier Energies' profit after tax increased by 167% to ₹277.8 crore in the fourth quarter from ₹103.9 crore in the last year. Net profit for the full year stood at ₹937 crore, a growth of 307% from the same quarter last year.
Premier Energies reported a 187% increase in its March quarter's earnings before interest, taxes, depreciation and amortisation (EBITDA) to ₹528.6 crore from ₹184.5 crore in the previous fiscal. The company's EBITDA margin expanded to 32.6% in the fourth quarter from 16.4% in the same period last year. For the entire financial year 2025, margins expanded to 28.8% from 15.9% in the financial year 2024.
Order book
The company's order book stood at 5,303 megawatts (MW) and was valued at ₹8,445.6 crore. As much as 73% of its order book comprised modules, while the remaining belonged to cells. While the module capacity utilisation was at 75%, the cell capacity utilisation was at 95%.
Also Read: Premier Energies shares crash 14% from day's high; Kotak sees stock at ₹840
Premier Energies is targeting annual capacity of 10 giga watt (GW) for cells, 11 GW for modules, 10 GW for ingots and wafters, 36,000 tonnes for aluminium frames, 12 giga watt hours (GWH) for battery storage cell pack and 3 GW for inverters by the financial year 2028.
Shares of Premier Energies Ltd ended at ₹1,064.70, up by ₹10.55, or 1%, on the BSE.
(Edited by : Shoma Bhattacharjee)
