Premier Energies has reported strong financial growth for the fiscal year ended March 31, 2026. The company achieved a consolidated revenue of ₹78,243.74 million and a profit of ₹15,096.89 million. Alongside these robust financial results, the Board has approved a significant fund-raising initiative of up to ₹5,000 crore to support expansion, and announced key leadership transitions, including the appointment of a new Company Secretary and Compliance Officer.
Strong Financial Performance
For the financial year ended March 31, 2026, Premier Energies delivered impressive consolidated results. The company reported annual revenue from operations of ₹78,243.74 million, reflecting substantial growth compared to ₹65,187.45 million in the previous year. The net profit for the year stood at ₹15,096.89 million, up from ₹9,371.32 million recorded in FY25. For the quarter ending March 31, 2026, the company recorded revenue of ₹22,303.03 million with a quarterly profit of ₹4,568.37 million.
Strategic Fund Raising
To bolster its growth trajectory, the Board of Directors has approved a plan to raise funds of up to ₹5,000 crore. This capital infusion is intended for the issuance of equity shares, non-convertible debentures with warrants, or other eligible securities through Qualified Institutional Placement (QIP) or other permissible modes. This strategic move aims to support the company’s capital requirements and future development projects, subject to shareholder and regulatory approvals.
Corporate Governance and Leadership Changes
The company has announced a change in its leadership team. Mr. Ravella Sreenivasa Rao resigned as Company Secretary and Compliance Officer, effective May 15, 2026, due to internal restructuring. The Board has appointed Mr. Hitesh Kumar Jain as the new Company Secretary and Compliance Officer, effective May 16, 2026. Mr. Jain brings over 25 years of experience in corporate governance, secretarial, and legal affairs to the company.
Operational Updates
The Board also approved the re-appointment of M/s. Deloitte Haskins & Sells as Statutory Auditors for a second term of five years, spanning from the conclusion of the 31st Annual General Meeting until the 36th Annual General Meeting. Additionally, M/s. Protiviti India Member Private Limited was re-appointed as the Internal Auditor for the 2026-27 financial year.
Source: BSE
