Premier Energies Limited reported strong financial results for the quarter and financial year ended March 31, 2026. The company achieved a consolidated annual profit of ₹15,096.89 million on revenue of ₹78,243.74 million. Alongside these results, the company announced strategic plans to raise up to ₹5,000 crore through qualified institutional placements and confirmed leadership transitions, including the appointment of Mr. Hitesh Kumar Jain as the new Company Secretary and Compliance Officer.
Financial Highlights for FY 2026
For the financial year ended March 31, 2026, Premier Energies delivered robust growth. The consolidated revenue from operations stood at ₹78,243.74 million, with a net profit for the year amounting to ₹15,096.89 million. In the final quarter (Q4: Jan-Mar 2026), the company generated ₹22,303.03 million in revenue, resulting in a quarterly profit of ₹4,568.37 million.
Strategic Fundraising Plan
The Board of Directors has approved a proposal to raise capital of up to ₹5,000 crore. This funding is intended to support future growth and operations through the issuance of Equity Shares, non-convertible debentures with warrants, or other eligible securities. The fundraising will be executed through Qualified Institutional Placements (QIP) or other permissible modes, subject to necessary shareholder and regulatory approvals.
Leadership and Governance Updates
Following an internal realignment of responsibilities, Mr. Ravella Sreenivasa Rao has resigned as the Company Secretary and Compliance Officer, effective at the close of business on May 15, 2026. The Board has appointed Mr. Hitesh Kumar Jain to take over these key managerial positions, effective May 16, 2026. Mr. Jain brings over 25 years of experience in corporate secretarial and legal affairs.
Audit and Operational Appointments
The company has finalized several key professional appointments to ensure continued governance excellence. M/s. Deloitte Haskins & Sells has been re-appointed as the Statutory Auditor for a second five-year term. Furthermore, M/s. Protiviti India Member Private Limited has been appointed to continue serving as the Internal Auditor for the 2026-27 financial year.
Source: BSE
