Premier Ltd. Q3 FY26 Unaudited Results: Net Loss of ₹1.75 Crore
Premier Limited reported an un-audited net loss of ₹1.75 crore for Q3 FY26, and a nine-month net loss of ₹4.11 crore. The company remains under CIRP with suspended operations due to lack of working capital. Auditors noted material uncertainty regarding the going concern status.
The ongoing CIRP, suspended operations, eroded net worth, and auditor's qualified report indicate a high impact on the company's financial health and future prospects.
The company reported a net loss for the quarter and nine months, and the auditors highlighted significant concerns regarding the company's ability to continue as a going concern, along with various compliance issues.
Premier Limited announced its un-audited financial results for the quarter and nine months ended December 31, 2025. The company reported a net loss of ₹1.75 crore for the quarter, compared to a loss of ₹0.42 crore in the previous quarter and ₹1.92 crore in the same quarter last year. For the nine-month period ended December 31, 2025, the net loss stood at ₹4.11 crore, a significant improvement from the ₹5.81 crore loss in the corresponding period of the previous year.
The company continues to be under Corporate Insolvency Resolution Process (CIRP) as per the NCLT order dated January 29, 2021. The manufacturing activities at the Chakan plant remain suspended since March 3, 2020, due to a lack of working capital. The financial results have been prepared on a going concern basis, though the auditors have highlighted a material uncertainty that may cast significant doubt on the entity's ability to continue as a going concern due to eroded net worth and further losses.
Key issues raised by the auditors include the non-assessment of impairment for certain assets, potential differences in creditor claims during CIRP, and delays in updating personnel records and employee dues. Furthermore, the company has not appointed a whole-time Company Secretary or an internal auditor as required by the Companies Act, 2013. There was also a delay in transferring unclaimed fixed deposits amounting to ₹46.55 lakhs to the IEPF, although the company is in the process of completing this transfer. The consolidated results also reflect similar financial performance and auditor's concerns.
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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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