Premier Energies Ltd posted strong second-quarter results, with consolidated net profit rising 72% year-on-year to ₹ 353.4 crore compared with ₹ 205.9 crore in the same period last year.

Revenue from operations grew 20.3% to ₹ 1,836.8 crore, while EBITDA rose 47.4% to ₹ 560.7 crore.

Operating margins expanded to 30.53% from 25% a year earlier, reflecting improved operational efficiency and demand momentum in the renewable energy sector.

Ahead of the earnings announcement, shares of Premier Energies closed 0.89% lower at ₹ 1,090.20 on the NSE.

The company said it plans to expand its upcoming Solar PV Topcon Cell manufacturing facility at Naidupeta, Andhra Pradesh, to 7 GW with an additional investment of ₹ 502 crore through its wholly owned subsidiary, Premier E

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