Premier Energies Ltd. reported results for the quarter that ended on December 31 after market hours on Monday, February 3.CompanyValueChange%ChangeThe company’s revenue increased by 140.6% from last year to ₹1,713 crore, while its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) crossed the ₹500 crore mark, coming in at ₹513.7 crore.Premier Energies had reported an EBITDA of ₹123 crore in the base quarter.
Net profit for the period stood at ₹255.2 crore, which was aided by a jump in other income to ₹36 crore from ₹2 crore las t year and a tax reversal of ₹21 crore.The company’s EBITDA margin expanded to 30% from 17.3% last year.When compared on a sequential basis, Premier Energies reported a 12.2% growth in its topline, while its EBITDA grew by 35%. Margins also expanded by 500 basis points from last year. The company had reported a net profit of ₹205 crore in the September quarter.The company’s board has also approved an interim dividend of ₹0.5 per share.Shares of Premier Energies recovered from the lows of the day to end 1.8% lower at ₹1,073. The stock still remains below its post-listing high of ₹1,388.First Published: Feb 3, 2025 5:41 PM IST
