Premier Energies Limited reported strong financial growth for the financial year ended March 31, 2026, with an annual consolidated revenue of ₹78,243.74 million. Alongside its financial results, the company announced a major capital raise of up to ₹5,000 crore to support future expansion and confirmed a leadership change, with Mr. Hitesh Kumar Jain appointed as the new Company Secretary and Compliance Officer effective May 16, 2026.
Annual and Quarterly Financial Performance
For the financial year ended March 31, 2026, Premier Energies Limited achieved a consolidated revenue of ₹78,243.74 million, reflecting significant operational scale. The company’s consolidated profit for the year stood at ₹15,096.89 million. In the final quarter (Q4: Jan-Mar 2026), the company generated a consolidated revenue of ₹22,303.03 million, resulting in a quarterly profit of ₹4,568.37 million.
Strategic Capital Expansion
The Board of Directors has approved a major fundraising initiative to fuel the company’s growth. The plan involves raising up to ₹5,000 crore through the issuance of various securities, including equity shares and non-convertible debentures with warrants. This capital infusion is intended to be executed through Qualified Institutional Placements (QIP) or other permissible modes, subject to shareholder and regulatory approvals.
Leadership and Governance Updates
In a move to strengthen its corporate governance team, the company announced that Mr. Ravella Sreenivasa Rao will resign as Company Secretary and Compliance Officer at the end of business hours on May 15, 2026. He will be succeeded by Mr. Hitesh Kumar Jain, a seasoned professional with over 25 years of experience in corporate secretarial and legal affairs. His appointment as the new Company Secretary and Compliance Officer is effective from May 16, 2026.
Audit and Internal Oversight
The company also confirmed the re-appointment of M/s. Deloitte Haskins & Sells as Statutory Auditors for a second five-year term, extending until the conclusion of the 36th Annual General Meeting. Additionally, M/s. Protiviti India Member Private Limited has been appointed as the Internal Auditor for the 2026-27 financial year, ensuring continued rigor in internal financial controls and risk management.
Source: BSE
