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Premier Energies receives CRISIL Upgrade

Premier Energies Ltd received a one notch credit rating upgrade for its long-term credit rating to A+/Positive from A/Positive from CRISIL Ratings Limited. The company's short-term rating stands unchanged at A1.

The rating upgrade reflects Premier Energies' strengthening business and financial profile, supported by its robust operating performance, disciplined execution and expansion of integrated manufacturing capabilities.

The upgrade follows a strong start to FY27. In Q1 FY27, Premier Energies reported total revenue of Rs. 25,076 million, up 34.1% YoY; EBITDA of Rs. 7,594 million, up 27.2% YoY with a margin of 30.3%; and PAT of Rs. 4,719 million, up 53.3% YoY. During the quarter, the Company produced 844 MW of solar cells, 953 MW of solar modules and 570 MVA of transformers.

The Company also secured orders worth Rs. 3,011 crore during Q1 FY27, comprising 1,846 MW of solar cells and modules, with deliveries scheduled across FY27 and FY28, providing strong business visibility. The orders came from a mix of leading power producers, module manufacturers, EPC companies and other customers.

At 11.44 pm, Premier Energies Ltd was trading at Rs. 1,018, up by 0.19%, with a volume of 0.13 lakh shares on the BSE.