Premier Energies has announced its financial results for the year ended March 31, 2026, reporting a strong performance with a net profit of ₹15,096.89 million. The company also unveiled plans to raise up to ₹5,000 crore through institutional placements to support its growth initiatives. Additionally, the board approved a leadership transition in the company secretariat and re-appointed its statutory and internal auditors.
Financial Performance Highlights
For the financial year ended March 31, 2026, Premier Energies reported a revenue from operations of ₹78,243.74 million, reflecting substantial growth. The company achieved a consolidated net profit for the year of ₹15,096.89 million. During the Q4 (Jan-Mar) period, the company recorded a quarterly net profit of ₹4,568.37 million on the back of revenue totaling ₹22,303.03 million.
Strategic Fund Raising
The Board of Directors has approved a proposal to raise capital through the issuance of Equity Shares, non-convertible debentures with warrants, or other eligible securities. The aggregate amount of this fund-raising initiative is capped at ₹5,000 crore. This capital will be raised through Qualified Institutional Placements (QIP) or other permissible modes, subject to necessary shareholder and regulatory approvals, to fuel the company’s expansion plans.
Leadership and Governance Updates
The company announced a change in its key management personnel. Mr. Ravella Sreenivasa Rao resigned as Company Secretary and Compliance Officer, effective May 15, 2026. Consequently, 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 and legal affairs.
Auditor Re-appointments
In addition to leadership changes, the company has re-appointed M/s. Deloitte Haskins & Sells as Statutory Auditors for a second term of five consecutive years, starting from the conclusion of the 31st Annual General Meeting until the 36th Annual General Meeting. Furthermore, M/s. Protiviti India Member Private Limited has been re-appointed as the Internal Auditor for the 2026-27 financial year.
Source: BSE
