Premier Energies’ Q2 results were strong, but the profit beat was primarily driven by higher-than-expected other income. Between Premier Energies and Waaree Energies, Waaree’s growth appeared stronger, supported by a favourable sales mix and the ramp-up of its high-margin cell plant. Nomura India noted that while order inflows rose 227 per cent year-on-year, operational performance missed estimates, and the upside on the counter appears capped. Advertisement

Premier Energies reported 71.61 per cent surge in consolidated net profit of Rs 353.44 crore on 20.27 per cent rise in sales at Rs 1,836.87 crore.

Nomura India maintained its 'Neutral' rating with a target price of Rs 1,100. It cut its FY26 Ebitda estimates by 2 per cent to account for slower-than-expected ramp-up in H1FY26. That s

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