Premier Limited Financial Results for Q3 FY26: Continued Loss Amidst CIRP
Premier Limited reported a net loss of ₹175 lakhs for Q3 FY26 and ₹411 lakhs for the nine months ended December 31, 2025. The company is under Corporate Insolvency Resolution Process (CIRP) with suspended operations due to lack of working capital. Auditors issued a qualified review report, citing going concern uncertainty.
The ongoing CIRP, suspended operations, eroded net worth, and qualified audit report significantly impact the company's financial health and future prospects.
The company continues to report losses and faces significant financial challenges, including eroded net worth and suspended operations due to CIRP, indicating a negative financial outlook.
Premier Limited has submitted its unaudited standalone and consolidated financial results for the quarter and nine-month period ended December 31, 2025. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) pursuant to an order by the National Company Law Tribunal (NCLT) Mumbai Bench on January 29, 2021.
For the quarter ended December 31, 2025, the company reported a net loss of ₹175 lakhs on both standalone and consolidated bases. For the nine-month period ended December 31, 2025, the standalone and consolidated net loss stood at ₹411 lakhs. The company's net worth has been completely eroded, and its operations have remained suspended due to a lack of working capital.
The auditors have issued a qualified limited review report, highlighting material uncertainty regarding the company's ability to continue as a going concern. They also noted non-compliance with certain sections of the Companies Act, 2013, including the appointment of a whole-time Company Secretary and an internal auditor. Furthermore, there has been a delay in transferring unclaimed fixed deposits amounting to ₹46.55 lakhs to the Investor Education & Protection Fund (IEPF).
The company clarified that segment-wise reporting is not applicable as it operates within a single business segment, Engineering. The resolution plan submitted by Fab Metals Pvt. Ltd. was approved by the Committee of Creditors (CoC) on January 22, 2022, and is pending approval from the NCLT.
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Premier Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Premier Limited. Read the original for the full detail.