Outcome of Board for unaudited financial results for quarter ended 30.06.2025
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Premier Energy and Infrastructure Ltd's board approved unaudited financial results for the quarter ended June 30, 2025. On a consolidated basis, total income from operations fell sharply to just Rs. 0.43 lakhs (from Rs. 15.56 lakhs in Q1FY25), resulting in a net loss of Rs. 29.63 lakhs, slightly better than the Rs. 34.60 lakh loss a year ago due to a Rs. 28.30 lakh deferred tax credit. Standalone results showed a net loss of Rs. 16.78 lakhs. The company also announced a major acquisition: buying 100% of Gina Engineering Company Pvt Ltd, a civil engineering and construction firm with FY25 provisional revenue of Rs. 508.31 crores and PAT of Rs. 21.10 crores, for a cash consideration of Rs. 200 crores. Gina will become a wholly owned subsidiary, and the deal is not a related-party transaction. The auditor issued an unmodified (clean) limited review opinion on the results.
The quarterly performance is very weak, with near-zero revenue and continued losses — but the bigger story for shareholders is the Rs. 200 crore acquisition of Gina Engineering, which brings in a sizeable, growing business (revenue jumped from Rs. 195 cr in FY23 to Rs. 508 cr in FY25). However, concerns remain as current liabilities exceed current assets by Rs. 36.95 crores, and management is relying on promoter support and future acquisitions to justify going-concern status.