Latest news with #LRSAM
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Business Standard
2 days ago
- Business
- Business Standard
Premier Explosives shares soar 16% as Q1 profit doubles; key numbers here
Shares of Premier Explosives surged over 16 per cent on Wednesday after the company's net profit doubled in the June quarter of the current financial year (Q1FY26). The explosives company's stock rose as much as 16.6 per cent during the day to ₹498 per share, the steepest intraday fall since May 19 this year. The stock pared gains to trade 14.2 per cent lower at ₹487.7 apiece, compared to a 0.48 per cent advance in Nifty 50 as of 12:35 PM. Shares of the firm have fallen over 30 per cent from their June peak to Tuesday's close and currently trade at 18 times the average 30-day trading volume, according to Bloomberg. The counter has fallen 5.6 per cent this year, compared to a 4 per cent advance in the benchmark Nifty 50. Premier Explosives has a total market capitalisation of ₹2,651.23 crore. Premier Explosives Q1 results The company reported a 109.7 per cent jump in net profit to ₹15.35 crore for the quarter ended June 2025, compared with ₹7.32 crore in the same period last year. Revenue rose 71.6 per cent year-on-year (Y-o-Y) to ₹142.15 crore. Ebitda grew 35 per cent to ₹20.9 crore from ₹15 crore a year earlier, while Ebitda margins narrowed by 400 basis points to 14.68 per cent from 18.48 per cent. The company's order book stood at ₹988.5 crore at the end of June, up from ₹750 crore at the close of the financial year 2025. Premier Explosives ₹300 crore fundraise The board has approved raising up to ₹300 crore through the issue of equity shares or other eligible securities via one or more public or private offerings. The fundraise may be carried out through preferential allotment, qualified institutional placement, rights issue, further public offering, or other permissible modes, subject to shareholder and other statutory approvals. About Premier Explosives Premier Explosives is engaged in the manufacturing of industrial explosives and detonators for mining, infrastructure, industries, defence and space. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and the Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. The company is a supplier to major missile programs such as Akash, Astra, LRSAM, and others. It produces critical defence components like pyrogen igniters, explosive bolts, and other ammunition products. The company also manufactures bulk and packaged explosives, detonators, and accessories for mining and infrastructure projects.
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Business Standard
04-08-2025
- Business
- Business Standard
Premier Explosives shares jump 10% on bagging ₹190-crore export order
Premier Explosives share price jumped 9.6 per cent in trade, logging an intra-day high at ₹468.05 per share on BSE after bagging an order Premier Explosives shares jumped 9.6 per cent in trade on Monday, August 4, 2025, logging an intra-day high at ₹468.05 per share on BSE. At 12:13 PM, Premier Explosives share price was up 4.24 per cent at ₹445.05 per share. In comparison, BSE Sensex was 0.39 per cent higher at 80,914.55. Why were Premier Explosives shares buzzing in trade? The buying on the counter came after the company received an export order from an international entity for a total consideration of ₹190.07 crore ($21,750,000). Under the contract, the company will manufacture and supply defence explosives, to be delivered within a period of two years. "This is to inform you that our Company, Premier Explosives Limited, has received an export order for a total consideration of $21,750,000 i.e. approx. ₹190.07 crore, for manufacture and supply of Defence Explosives, to be delivered within a period of 2 years," the filing read. The order was awarded by an international client and will be executed over the next 12 months, according to the exchange filing. The company clarified that neither its promoters nor promoter group companies have any interest in the awarding entity. The name of the international client remains undisclosed. Premier Explosives Q4 results The company reported a 44.3 per cent year-on-year decline in standalone net profit to ₹3.7 crore for the quarter ended March 2025, as revenue fell 14.6 per cent to ₹74.08 crore compared to the same period last year. On a sequential basis, the company's net profit plunged 59.7 per cent, while revenue dropped 55.3 per cent over the December 2024 quarter. About Premier Explosives Premier Explosives is engaged in the manufacturing of industrial explosives and detonators for mining, infrastructure, industries, defence and space. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and the Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. The company is a supplier to major missile programs such as Akash, Astra, LRSAM, and others. It produces critical defence components like pyrogen igniters, explosive bolts, and other ammunition products. The company also manufactures bulk and packaged explosives, detonators, and accessories for mining and infrastructure projects.
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Business Standard
16-07-2025
- Business
- Business Standard
Premier Explosives shares jump 4% on ₹105-crore worth export order
Shares of Premier Explosives surged over 4 per cent on Wednesday after it landed export orders worth ₹105 crore for the manufacture and supply of defence explosives. The explosives maker's stock rose as much as 4.27 per cent during the day to ₹556.3 per share, the highest level since July 3. The stock pared some gains to trade 2.6 per cent higher at ₹547.5 apiece, compared to a 0.08 per cent advance in Nifty 50 as of 1:20 PM. Shares of the company rose for the second straight day on Wednesday and currently trade at 1.1 times the average 30-day trading volume, according to Bloomberg. The counter has risen 4.7 per cent this year, compared to a 6.3 per cent advance in the benchmark Nifty 50. Premier Explosives has a total market capitalisation of ₹2,929.99 crore. Premier Explosives secures ₹105 crore export order The company on Wednesday said that it secured a significant international export order valued at $12.24 million (approximately ₹105 crore) for the manufacture and supply of defence explosives. The order has been awarded by an international client and will be executed over the next 12 months, according to the exchange filing. The company clarified that neither its promoters nor promoter group companies have any interest in the awarding entity. The name of the international client remains undisclosed. Premier Explosives Q4 results The company reported a 44.3 per cent year-on-year decline in standalone net profit to ₹3.7 crore for the quarter ended March 2025, as revenue fell 14.6 per cent to ₹74.08 crore compared to the same period last year. On a sequential basis, the company's net profit plunged 59.7 per cent, while revenue dropped 55.3 per cent over the December 2024 quarter. About Premier Explosives Premier Explosives is engaged in the manufacturing of industrial explosives and detonators for mining, infrastructure, industries, defence and space. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and the Solid Fuel Complex at Jagdalpur under the umbrella of DRDO. The company is a supplier to major missile programs such as Akash, Astra, LRSAM, and others. It produces critical defence components like pyrogen igniters, explosive bolts, and other ammunition products. The company also manufactures bulk and packaged explosives, detonators, and accessories for mining and infrastructure projects.
India.com
29-06-2025
- Politics
- India.com
Operation Sindoor: Bad news for China, Pakistan, Bangladesh as India plans to expand S-400 arsenal by…, Russia commits to…
एस-400 ट्रायम्फ को लेकर चर्चा New Delhi: The Indian Armed Forces, during Operation Sindoor, decimated the terror launchpads and training camps in Pakistan and Pakistan-Occupied-Kashmir (PoK). Reports now suggest that Pakistan has initiated a fresh effort to reconstruct terror camps. This rebuilding process is receiving full support from Pakistan's military, the Inter-Services Intelligence (ISI), and government authorities. During the operation, the India's S-400 air defence systems also played a pivotal role. Now, the Modi government is planning to purchase of two more squadrons of the long-range surface-to-air missile system from Russia, news agency ANI has reported. What Role Did S-400 Systems Play During Operation Sindoor? During Operation Sindoor, the S-400 systems intercepted multiple Pakistan Air Force fighter jets and airborne early warning aircraft. Notably, one system achieved a record by hitting an aircraft over 300 kilometres away, highlighting its long-range strike capability. When will Russia deliver the remaining two S-400 squadrons? Russia has assured India it will deliver the two remaining squadrons of the S-400 Triumf surface-to-air missile systems, which played a crucial role during Operation Sindoor against Pakistan last month, by 2026-27. According to a Times of India report, the delivery of the fourth and fifth squadrons of the S-400 air defence systems, which has been hugely delayed due to the ongoing Russia-Ukraine war, figured in the bilateral meeting between defence minister Rajnath Singh and his Russian counterpart Andrey Belousov. Why is indigenous LRSAM development facing delays? The move to consider additional S-400 units is also driven by delays in India's indigenous long-range surface-to-air missile (LRSAM) initiative, Project Kusha. Developed by the Defence Research and Development Organisation (DRDO) in partnership with Solar Defence and Aerospace Limited and Bharat Dynamics Limited, the project is still some time away from full deployment, making an interim solution necessary. It is important to note that Each S-400 squadron has two missile batteries with 128 missiles each. These missiles have interception ranges of 120, 200, 250 and 380-km, as well as long-range acquisition and engagement radars and all-terrain transporter-erector vehicles. The IAF has deployed the first three S-400 squadrons in north-west and east India to cater for both China and Pakistan.
New Indian Express
14-05-2025
- Politics
- New Indian Express
'Operation Sindoor' a bold signal of India's defence strength and self-reliance: Saraswat
THIRUVANANTHAPURAM: 'Operation Sindoor' has sent a clear message to the world that India shall never be underestimated and that the country is a leading force now, according to Dr V K Saraswat, former Director General of the DRDO. The military offensive, a retaliation on terror launch pads in Pakistan and PoK in response to the April 22 Pahalgam terror attack that left 26 persons dead, also highlights the self-reliance India has built in defence technology, the former chief of the Defence Research and Development Organisation (DRDO) told PTI Videos. Saraswat, who played a key role in the development of India's missile and air defence systems, said that through 'Operation Sindoor', India has shown it is self-reliant and has the capacity and capability to counter any threat from any direction. "The precision with which we were able to reach the targets in the enemy's territory shows the quality of our weapons. The greatest thing today is, other than the S400 that was taken from Russia, I think all the missiles LRSAM, MRSAM, Akash and all the drones, all the fighter aircraft, everything, are indigenously produced in the country-- designed, developed and manufactured," Saraswat said. The Akash, MRSAM (Medium Range Surface-to-Air Missile), and LRSAM (Long Range Surface-to-Air Missile) are key components of India's multi-layered air defence system. The NITI Aayog member recalled how the restrictions imposed on India by the international community under the Missile Technology Control Regime (MTCR) turned out to be an opportunity for the country to develop indigenous technologies and components for its weapon systems. "We have done the development of all our missile systems, whether they are air-defence systems, or strategic missiles, ballistic missile defence systems or long range ballistic missiles like Agni, Prithvi-- and all of them have been developed under, what is called the MTCRs. So every step, we had to face challenges of non-availability of support from the international community," Saraswat added. He said India was deprived of materials, components, and technologies that the country wanted to develop its missile systems. "We were not part of the MTCR, so even our own very good friends were not giving us technology," he said. Saraswat recalled how DRDO, under the leadership of former President, the late Dr Abdul Kalam, turned this into an opportunity for indigenous technology development.
