Latest news with #PremierExplosives
&w=3840&q=100)
Business Standard
7 days ago
- 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.
Mint
7 days ago
- Business
- Mint
Small-cap defence stock jumps 9% after order win update. Do you own?
Premier Explosives share price jumped over 9% on Monday after the company announced receipt of a defence order. The small-cap stock surged as much as 9.62% to ₹ 468.05 apiece on the BSE. Premier Explosives said that it has received an export order from an international entity for the supply of defence explosives, to be delivered within a period of two years. The total consideration for the order is $21,750,000, i.e. approx. ₹ 190.07 crore, for manufacture and supply of defence explosives, Premier Explosives said in a regulatory filing on August 4. The time period within which the order is to be executed is within two years. Last week, the company announced the receipt of a purchase order for ₹ 22.36 crore from an international entity, for supply of Rocket Motors to be delivered on or before March 31, 2026. Premier Explosives share price has declined 22% over the past month. However, the small-cap stock has gained 9% in the last three months and 3% over six months. On a year-to-date (YTD) basis, the defence stock is down 17% and has corrected 34% over the past year. Despite recent volatility, Premier Explosives share price has delivered multibagger returns of 600% over three years and an impressive 1,775% over five years. At 12:00 AM, Premier Explosives share price was trading 4.42% higher at ₹ 445.80 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
31-07-2025
- Business
- Business Standard
Premier Explosives bags export order for supplying rocket motors
Premier Explosives said that it has received a purchase order for Rs 22.36 crore from an International entity. The contract is for supplying rocket motors, which would be delivered on or before 31 March 2026. Premier Explosives is engaged in the manufacturing of industrial explosives and detonators for mining & infra industries and defence & 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's standalone net profit fell 44.3% to Rs 3.7 crore, while net sales declined 14.6% to Rs 74.08 crore in Q4 March 2025 over Q4 March 2024. The scrip shed 0.82% to currently trade at Rs 452.90 on the BSE.
Business Standard
16-07-2025
- Business
- Business Standard
Premier Explosives gains on bagging Rs 105-cr export order for defence explosives
Premier Explosives rose 2% to Rs 544.35 after the company secured an export order worth Rs 105 crore from an international client for the manufacture and supply of defence explosives. The total value of the order is $12.24 million (approximately Rs 105 crore), and the execution is expected to be completed within 12 months. Premier Explosives is engaged in the manufacturing of industrial explosives and detonators for mining & infra industries and defence & 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's standalone net profit fell 44.3% to Rs 3.7 crore, while net sales declined 14.6% to Rs 74.08 crore in Q4 March 2025 over Q4 March 2024.
&w=3840&q=100)
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.
