Shares in solar sector companies exhibited mixed movement after Premier Energies reported a significant rise in June quarter profit, highlighting ongoing sector resilience amid sector-wide rally and policy uncertainties.
Solar stocks were uneven in early trading on Friday after Premier Energies reported a sharp rise in June quarter profit, with investors weighing strong operating performance against a sector that has already rallied heavily this year. Premier Energies slipped about 0.7%, Waaree Energies fell roughly 1% and Suzlon Energy edged higher, reflecting a split response across the renewable space.
Premier Energies said consolidated net profit climbed 50% from a year earlier to ₹463 crore in the June quarter, while revenue increased 35% to ₹2,463 crore. Earnings before interest, tax, depreciation and amortisation rose 30% to ₹715 crore, although the EBITDA margin narrowed slightly to 29% from 30% a year ago.
Business Standard reported that the company’s June 2025 profit had already shown strong momentum, rising more than 55% year on year, while sales and operating margins improved markedly. That earlier trend helped reinforce investor confidence going into the latest results, even as the stock has remained sensitive to swings in the broader solar complex.
Brokerages stayed constructive after the update. Jefferies kept its Buy rating and lifted its target price to ₹1,205 from ₹1,135, pointing to execution and a larger order book that offers visibility into FY27 and the first half of FY28. JPMorgan reiterated Overweight with a target of ₹1,095, saying Premier’s heavier emphasis on the domestic market helped support quarterly stability. Separately, analysts have continued to argue that Waaree and Premier are well placed on demand, even though the sector faces pricing pressure and policy shifts, including recent US tariff concerns.
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