Premier Energies Limited has informed the Exchange regarding Outcome of Board Meeting held on May 15, 2026.
PREMIERENE · price
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On the reaction day the stock moved in line with Nifty Midcap 150 and 1.3 pts more than its Other Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Premier Energies Limited's Board approved audited FY2026 consolidated financial results showing strong performance. Revenue from operations grew 20% year-on-year to Rs. 78,244 million from Rs. 65,187 million. Profit after tax surged 61% to Rs. 15,097 million compared to Rs. 9,371 million in the prior year. Basic earnings per share improved to Rs. 33.63 from Rs. 21.35. The Board also approved raising up to Rs. 5,000 crores through equity shares, NCDs, or warrants via Qualified Institutional Placement (QIP) or other permissible modes, subject to shareholder approval. Deloitte Haskins & Sells issued an unmodified opinion on the financial statements. The company saw a change in Company Secretary role with Mr. Ravella Sreenivasa Rao resigning and Mr. Hitesh Kumar Jain appointed, and re-appointed Deloitte as statutory auditors for a second 5-year term.
The 20% revenue growth and 61% PAT increase indicate strong operational performance driven by solar manufacturing business. The Rs. 5,000 crore fund-raising proposal suggests expansion plans, which could dilute existing shareholders but may support future growth. Clean audit with unmodified opinion confirms financial statement reliability.