Premier Energies has reported strong FY26 financial results, achieving ₹78,243.74 million in consolidated revenue and a net profit of ₹15,096.89 million. The company also announced plans to raise up to ₹5,000 crore through qualified institutional placement to fund growth. Additionally, the Board has appointed Mr. Hitesh Kumar Jain as the new Company Secretary and Compliance Officer, effective May 16, 2026, following the resignation of Mr. Ravella Sreenivasa Rao.
Financial Performance Overview
For the financial year ended March 31, 2026, Premier Energies recorded consolidated revenue from operations of ₹78,243.74 million, compared to ₹65,187.45 million in the previous year. The company’s profit for the year stood at ₹15,096.89 million, showing significant growth over the ₹9,371.32 million reported in FY25. On a standalone basis, the company reported a yearly revenue of ₹7,939.58 million and a profit of ₹1,431.21 million.
Capital Expansion Strategy
To support its ongoing expansion and manufacturing capabilities, the Board has approved a proposal to raise funds up to an aggregate amount not exceeding ₹5,000 crore. This capital will be generated through the issuance of equity shares, non-convertible debentures with warrants, or other eligible securities convertible into equity shares, primarily via Qualified Institutional Placement (QIP) or other permissible modes, subject to shareholder and regulatory approvals.
Leadership Transition
The company announced a transition in its secretarial leadership. Mr. Ravella Sreenivasa Rao resigned from the position of Company Secretary and Compliance Officer, effective the close of business hours on May 15, 2026. Consequently, the Board has appointed Mr. Hitesh Kumar Jain, an experienced corporate governance expert with over 25 years of experience, as the new Company Secretary and Compliance Officer, effective May 16, 2026.
Strategic Reappointments
As part of its governance and internal control measures, the Board has approved the reappointment of M/s. Deloitte Haskins & Sells as the Statutory Auditor for a second five-year term, covering the 31st to the 36th Annual General Meeting. Additionally, M/s. Protiviti India Member Private Limited has been reappointed as the Internal Auditor for the financial year 2026-27.
Source: BSE
