Premier Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
PREMIER · price
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Premier Limited, currently under Corporate Insolvency Resolution Process (CIRP) since January 2021, reported Q1 FY26 results with zero revenue from operations as manufacturing at its Chakan plant remains suspended due to lack of working capital. The company posted a net loss of Rs. 194 lakhs, similar to Rs. 192 lakhs in Q1 FY25, with only Rs. 28 lakhs of other income. Net worth is completely eroded with negative reserves of Rs. 43,958 lakhs as of March 31, 2025, and EPS stood at Rs. (0.64). The auditor issued a qualified review report citing multiple issues including material uncertainty on going concern, non-assessment of asset impairment, and absence of CoC expense approval records. A resolution plan by Fab Metals Pvt. Ltd. (approved by CoC in January 2022 with 92.47% assent) is still awaiting NCLT approval.
Stock remains a distressed bet on NCLT approval of the resolution plan; until then, operations stay shut, losses continue, and equity holders face near-total wipeout given fully eroded net worth. Any short-term price movement is likely driven by insolvency process developments rather than operating performance.