Premier Energies, a Telangana-based solar energy company, witnessed significant activity in its shares on Tuesday, June 10, 2025, following a large block deal worth ₹2,629 crore. The stock price experienced a surge of nearly 5%, reaching an intraday high of ₹1,115, making it a focal point in the stock market.
The block deal involved a total of 2.5 crore shares, representing 5.54% of the company's outstanding equity, which were exchanged in multiple transactions during the pre-open session. The average trading price was ₹1,052 per share. While the buyers' identities were not immediately disclosed, it is believed that South Asia Growth Fund II, which previously held an 11.1% stake in Premier Energies, was the seller, offloading 5.5% of its holding. The floor price for the block deal was set at ₹1,051 per share, a 1% discount compared to the previous day's closing price.
Following the stake sale, South Asia Growth Fund II's shareholding in Premier Energies has decreased from 11.10% to 5.55%. Quant Mutual Fund acquired 43.55 lakh shares, amounting to a 0.97% stake, while Premji Invest's arm, PI Opportunities AIF V, purchased 33.28 lakh shares, representing a 0.74% stake in the company. These acquisitions were made at the same price, with a combined deal value of ₹808.02 crore.
On Tuesday, Premier Energies shares opened at ₹1,093, a 3% increase from the previous close of ₹1,062. The stock has risen 12% in the past 30 days but is still down 16% year-to-date. As of June 10, the company's market capitalization stands at approximately ₹49,777 crore. The stock is currently trading 43% above its 52-week low of ₹755.55 but remains below its 52-week high of ₹1,387.10.
Premier Energies has been expanding its solar manufacturing capacity, especially considering the barriers against Chinese imports. The company has a strategic expansion plan that includes solar manufacturing and related businesses. ICICI Securities has reiterated a "BUY" recommendation for Premier Energies, with a target price of ₹1,320, based on projected FY27 earnings. The firm emphasizes Premier's competitive advantage, which stems from its process know-how, strong capital base, scale, and backward integration. These factors are expected to differentiate it from its competitors.
The company has launched "Mission 2028," which aims to achieve a 10 GW integrated solar manufacturing capacity. Kotak Institutional Equities shared insights from Premier Energies' Investor Day, where the company outlined its vision to transform from a solar panel manufacturer into a comprehensive cleantech solutions provider. All expansion projects announced in the Q4 FY25 earnings call are reportedly on track.
In Q4 FY25, Premier Energies reported a 43.9% year-on-year increase in revenue, reaching ₹1,620.8 crore. The annual revenue more than doubled by 107% to ₹6,518.7 crore. The company's net profit for Q4 surged by 167% year-over-year, reaching ₹277.8 crore, compared to ₹103.9 crore in the previous year. For the full financial year, net profit rose sharply to ₹937 crore, a 307% increase from the previous year. The company's EBITDA for the March quarter jumped 187% to ₹528.6 crore, with the EBITDA margin improving significantly to 32.6%.
