Premier Energies (PREMIERE IN) – Q1FY27 Result Update – Execution remains strong with expansion ahead – ACCUMULATE
Published on 07 Aug 2026
Transcon delivered a strong quarter following consolidation, reporting revenue of INR1.1bn with EBITDA margins of 27%. Management expects the transformer business to more than triple revenue over the next three years, supported by capacity expansion, a higher share of HV/EHV products and export opportunities.
We estimate revenue/EBITDA/PAT CAGR of 46.2%/37.4%/25.2% over FY26-28E. We upward revise our FY27E/FY28E earnings estimates by 8.9%/3.8% factoring better execution and earnings visibility, we maintain ‘Accumulate’ rating, with a revised TP of INR1,131 (earlier INR1,138), based on 12x Mar’28E EV/EBITDA with an implying PE of 22x FY28E.
