Financial Results - Standalone (Quarter ended June 30, 2026)

  • Revenue from operations: ₹1,763.56 million
  • Other income: ₹136.06 million
  • Total income: ₹1,899.62 million
  • Total expenses: ₹1,522.94 million
  • Profit before tax: ₹376.68 million
  • Tax expense: ₹89.74 million (Current tax: ₹98.53 million, Deferred tax credit: ₹8.79 million)
  • Profit for the period: ₹286.94 million
  • Other comprehensive income: ₹9.81 million
  • Total comprehensive income: ₹296.75 million
  • Paid-up equity share capital: ₹453.95 million (face value ₹1 each)
  • Basic EPS: ₹0.64
  • Diluted EPS: ₹0.64

Financial Results - Consolidated (Quarter ended June 30, 2026)

  • Revenue from operations: ₹24,625.94 million
  • Other income: ₹450.43 million
  • Total income: ₹25,076.37 million
  • Total expenses: ₹18,877.96 million
  • Profit before share of profit from associates and tax: ₹6,198.41 million
  • Share of profit of associates: ₹5.41 million
  • Profit before tax: ₹6,203.82 million
  • Tax expense: ₹1,484.64 million (Current tax: ₹1,634.12 million, Deferred tax credit: ₹149.48 million)
  • Profit for the period: ₹4,719.18 million
  • Other comprehensive loss: ₹(21.01) million
  • Total comprehensive income: ₹4,398.17 million
  • Profit attributable to owners: ₹4,630.67 million
  • Profit attributable to non-controlling interests: ₹88.51 million
  • Paid-up equity share capital: ₹453.95 million
  • Basic EPS: ₹10.45
  • Diluted EPS: ₹10.45

Segment Information (Consolidated)

The company identified Power Transmission & Distribution Equipment as a separate reportable segment following the acquisition of Transcon Ind Limited:

  • Solar products & related project activities revenue: ₹23,561.26 million
  • Power Transmission & Distribution Equipment revenue: ₹1,064.68 million
  • Solar products segment results: ₹6,000.95 million
  • Power Transmission segment results: ₹240.79 million

Fundraising Approval

The Board approved raising funds up to ₹5,000 crores through issuance of equity shares, non-convertible debentures with warrants, or other eligible securities convertible into equity shares via Qualified Institutional Placement (QIP) or other permissible modes. This requires shareholder approval at the upcoming AGM.

Annual General Meeting

The 31st AGM is scheduled for September 21, 2026, at 11:30 AM through Video Conferencing/Other Audio-Visual Means to approve audited financial statements for FY26 and special business including the fundraising proposal.

Management Changes

The Board approved:

1. Re-appointment of Mr. Surenderpal Singh Saluja (DIN: 00664597) as Chairman and Whole-time Director for five years from December 19, 2026, to December 18, 2031

2. Re-appointment of Mr. Chiranjeev Singh Saluja (DIN: 00664638) as Managing Director for five years from December 19, 2026, to December 18, 2031

Both reappointments are subject to shareholder approval and based on Nomination and Remuneration Committee recommendations.

Auditor Appointments

Appointment of M/s. S.S. Zanwar & Associates, Cost Accountants (Firm Registration No. 100283) as Cost Auditors for FY27.

Committee Reconstitution

Reconstituted Risk Management Committee with Mr. Nishith Hasmukh Mehta (Non-Executive Independent Director) as Chairman, replacing Mr. Chiranjeev Singh Saluja as of August 06, 2026.

Subsidiary Updates

1. Completed acquisition of 51% stake in Transcon Ind Limited on April 03, 2026, with total consideration of ₹5,003.00 million (paid ₹2,500.02 million in December 2025 and ₹2,502.98 million in Q1 FY27)

2. Decided not to proceed with acquisition of KSolare Energy Private Limited after mutual discussions

3. Incorporated wholly-owned subsidiary Premier Battery Technologies Private Limited on July 15, 2026 (not yet operational)

4. Premier Energies Global Environment Private Limited entered agreement to acquire minimum 26% stake in Hexa Energy BH Five Private Limited for ₹687.00 million (subject to conditions)

5. Subsidiary Premier-Green Aluminum Private Limited raised ₹26.25 million through preferential allotment, reducing company's holding to 80%

IPO Proceeds Utilization

As of June 30, 2026:

  • Total IPO proceeds received: ₹12,388.89 million (net of expenses)
  • Utilized ₹9,686.03 million for manufacturing facility investment in subsidiary
  • Utilized ₹2,702.86 million for general corporate purposes
  • Unutilized IPO expenses of ₹17.22 million held in scheduled commercial bank

ESOP Allotment

Allotted 957,142 equity shares of face value ₹1 each to PEL ESOP Trust at premium of ₹699 per share during the quarter under the PEL ESOP Scheme 2025.

Auditor Review

Deloitte Haskins & Sells issued unmodified limited review reports for both standalone and consolidated financial results for the quarter ended June 30, 2026.

Board Meeting Details

Meeting commenced at 02:32 PM and concluded at 03:35 PM on August 06, 2026.