Premier Energies Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
PREMIERENE · price
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Premier Energies Limited reported strong FY2026 results with standalone and consolidated revenue from operations of Rs 78,243.74 million, up 20% from Rs 65,187.45 million in FY2025. Profit after tax grew significantly to Rs 15,096.89 million versus Rs 9,371.32 million, representing 61% PAT growth driven by higher operational efficiency. The Board also approved raising funds up to Rs 5,000 crores through QIP or other permissible modes. Key management changes include resignation of Company Secretary Mr. Ravella Sreenivasa Rao and appointment of Mr. Hitesh Kumar Jain, along with re-appointment of Deloitte as statutory auditors for another 5-year term and Protiviti as internal auditor for FY2026-27.
The company delivered robust double-digit revenue growth and strong PAT expansion, indicating operational strength in the solar manufacturing business. The planned Rs 5,000 crore fund raise signals potential expansion plans, though it may dilute shareholder value depending on pricing. Positive investor sentiment expected given clean audit with unmodified opinion.