Outcome of the Board Meeting held on 15th May, 2026
PREMIERENE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Premier Energies reported strong FY26 results with standalone revenue growth of 20% to Rs 78,244 million and PAT growing 61% to Rs 15,097 million, up from Rs 9,371 million in FY25. The Board approved raising up to Rs 5,000 crores via QIP or other permissible modes. The statutory auditors Deloitte Haskins & Sells issued an unmodified (clean) opinion on the audited results. Company Secretary changed with Mr. Hitesh Kumar Jain appointed replacing Mr. Ravella Sreenivasa Rao. Deloitte was reappointed for a second 5-year term as statutory auditor and Protiviti India continued as internal auditor for FY27. Total assets grew significantly to Rs 1,08,449 million from Rs 68,414 million, while borrowings increased to Rs 27,168 million.
Strong financial performance with ~20% revenue growth and ~61% PAT growth demonstrates robust execution. The Rs 5,000 crore fundraising plan signals major expansion intent but will dilute existing shareholders. Clean audit opinion is positive for investor confidence. Management changes and auditor continuity provide stability.