Premier Energies shares in focus as South Asia Growth Fund II plans to sell 5.5% stake via block deal

Time of India

2 days ago

Premier Energies shares
will be in focus on Tuesday after reports that
South Asia Growth Fund
II Holdings is likely to offload up to 2.5 crore shares, representing about 5.5% of the solar cell and module maker's equity, through block deals, sources told CNBC-TV18.
The floor price for the sale is set at Rs 1,051.50 per share, which is up to a 1% discount to the current market price. The deal is expected to take place during the pre-open block window. A 150-day lock-in period has been imposed on any further share sales by the fund.
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As per the latest shareholding data, South Asia Growth Fund holds an 11.1% stake in Premier Energies.
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Premier Energies Q4 Results
In Q4FY25, Premier Energies reported a 43.9% year-on-year (YoY) jump in revenue to Rs 1,620.8 crore from Rs 1,126.5 crore. Net profit surged 167% YoY to Rs 277.8 crore, while EBITDA rose 187% to Rs 528.6 crore. The EBITDA margin expanded to 32.6% from 16.4% a year ago.
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For the full year FY25, revenue more than doubled to Rs 6,518.7 crore, up 107% from Rs 3,143.7 crore in FY24. Net profit soared 307% to Rs 937 crore, and EBITDA margin widened to 28.8% from 15.9% in the previous year.
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Order Book
The company's order book stands at 5,303 megawatts (MW), valued at Rs 8,445.6 crore, with 73% of the orders in modules and the remainder in cells. Module capacity utilisation stood at 75%, while cell utilisation was at 95%.
Shares of Premier Energies closed 1% higher at Rs 1,064.7 on the BSE in the previous session, outperforming the Sensex, which gained 0.31%. The stock is up 13% in the last three months but remains down 20% year-to-date.
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