Premier Energies Limited announced its financial results for the quarter and half-year ended September 30, 2026. The Board of Directors approved an interim dividend of ₹0.50 per equity share for the financial year 2026-27, setting November 11, 2026, as the record date. Additionally, the company’s wholly-owned subsidiary, PEGEPL, received board approval for a budget of ₹5,947 crore to establish a 10 GW Ingot and Wafer Manufacturing Facility in Naidupeta, Andhra Pradesh, with Phase I expected to complete by December 31, 2027.
Premier Energies Declares Interim Dividend and Approves Major Project Investment
Premier Energies Limited (PEL) has announced key financial and strategic decisions following its Board Meeting on November 04, 2026. The company approved its unaudited financial results for the quarter and half-year ended September 30, 2026.
Interim Dividend Approved
A significant highlight is the declaration of an interim dividend of ₹0.50 per equity share, representing 50% of the face value. This dividend is for the financial year 2026-27. The company has fixed November 11, 2026, as the record date for determining eligible shareholders. The payment of this interim dividend is scheduled for on or before December 3, 2026.
Expansion Project Budget Sanctioned
In a strategic move for future growth, the Board took note of the approval granted by Premier Energies Global Environment Private Limited (PEGEPL), a wholly-owned subsidiary, for a budget of ₹5,947 crore. This budget is allocated for setting up a 10 GW Ingot and Wafer Manufacturing Facility in Naidupeta, Andhra Pradesh. The initial phase of this project, covering a 5 GW capacity, is estimated to be completed by December 31, 2027.
Financial Results Overview
The standalone financial results indicate a profit before tax of ₹359.70 million for the six months ended September 30, 2026, compared to ₹286.94 million in the previous year. Total income for the quarter ended September 30, 2026, stood at ₹2,715.72 million.
Auditor’s Review
Deloitte Haskins & Sells, the statutory auditors, provided a limited review report on the financial results. They stated that based on their review, nothing came to their attention that would indicate material misstatements or non-compliance with regulations.
Source: BSE
