Latest news with #PremierExplosives
The Hindu
3 days ago
- Business
- The Hindu
Telangana PCB nod for Premier Explosives to reopen factory where explosion killed three people
Telangana Pollution Control Board has revoked its May 7 order closing the factory of Premier Explosives in Yadadri-Bhuvanagiri district where three persons were killed and six others injured in a fire and explosion in April. 'The company has received an order dated June 2 from Telangana Pollution Control Board regarding revocation of closure order dated May 7 for a period of three months for the factory situated in Katepally Village, Motakondur Mandal, on payment of environmental compensation of Rs. 6,75,000,' Premier Explosives intimated the stock exchanges on Tuesday (June 3, 2025). 'We will ensure compliance of conditions mentioned in the order and resume production from the factory at the earliest,' the company said, without elaborating on the conditions. The fire and explosion, around 4.55 p.m on April 29, in the propellant mixing building of the factory resulted in loss of lives, injuries and damage to the building and machinery. Premier Explosives manufacturers industrial explosives and detonators for mining and infrastructure industries as well as for defence and space applications. It has six manufacturing facilities. Four of them – one each in Madhya Pradesh, Maharashtra and two in Telangana — are for bulk explosives. The remaining two, including the Katepally facility, are in Telangana and focused on accessories and defence explosives such as solid propellants, HMX/RDX, rocket missiles, ammunition and other ammunitions, according to the company.
Business Upturn
3 days ago
- Business
- Business Upturn
Premier Explosives to resume operations at Telangana plant after TSPCB revokes closure order
Premier Explosives Ltd has announced that the Telangana Pollution Control Board (TSPCB) has issued an order dated June 2, 2025, revoking the earlier closure order of the company's factory located at Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District, Telangana. The closure order was initially issued on May 7, 2025. As per the new revocation order, the company is permitted to resume operations at the facility for a period of three months, subject to compliance with conditions outlined in the TSPCB's order. Premier Explosives stated that it has paid an environmental compensation of ₹6,75,000 as required. The company confirmed it will adhere to all compliance requirements as stipulated by the board and resume production at the facility promptly. This update follows the company's earlier disclosure dated May 12, 2025, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. In the meantime, Premier Explosives shares opened today at ₹574.00, reaching a high of ₹590.00 and a low of ₹565.05 during the trading session. The stock continues to show volatility amid market movements. Over the past year, Premier Explosives recorded a 52-week high of ₹908.80 and a low of ₹309.15 Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Yahoo
26-05-2025
- Business
- Yahoo
Premier Explosives Ltd (BOM:526247) Q4 2025 Earnings Call Highlights: Strong Revenue Growth ...
Release Date: May 23, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Premier Explosives Ltd (BOM:526247) reported a 54% year-on-year increase in revenue, driven by strong growth in the defense and space services division. The company signed a joint venture agreement with Global Munition Limited to manufacture defense and aerospace products, indicating strategic expansion. The current order book stands at INR 750 crore, with 81% of it coming from the defense segment, showcasing a strong pipeline. Premier Explosives Ltd is the only Indian company qualified to manufacture countermeasures and specializes in exporting fully assembled rocket motors. The company generated a healthy cash profit of INR 40 crore, maintaining stable operations and leveraging an efficient cost structure. An unfortunate fire and explosion incident occurred at the Katapali village facility, temporarily impacting operations and causing a revenue loss of approximately INR 25-30 crore. The Pollution Control Board temporarily shut down the affected plant, which may delay some operations until clearances are obtained. Operating margins for Q4 FY25 decreased to 12.9% from previous levels, partly due to late delivery charges. There is uncertainty regarding the timeline for receiving new orders from emergency procurement sessions, which could impact future revenue. The company faces fluctuations in quarterly revenues due to delays in dispatches and inspections, affecting financial predictability. Warning! GuruFocus has detected 2 Warning Sign with BOM:526247. Q: Can you share the order book split between domestic and export, and what is the execution period for the existing order book? A: The total order book is INR 750 crores, expected to be executed over 18 months. About INR 100 crores is for export, and the balance is domestic. Managing Director Q: What is the financial impact of the recent explosion incident at the Telangana facility? A: The explosion affected one building at the facility, leading to a temporary shutdown by the Pollution Control Board. The expected revenue loss is around INR 25-30 crores. The facility is fully insured, and we anticipate resuming operations by the end of the month. Managing Director Q: What are the revenue and EBITDA margin expectations for the next financial year? A: We are targeting a revenue of INR 600 crores for the current financial year and expect to reach INR 1,000 crores by 2030. EBITDA margins are projected to be between 18-20%. CFO Q: How does the company plan to manage operations and revenue after the fire incident? A: Except for the production of large rocket motors, other operations remain unaffected. We expect to manage operations effectively and maintain our revenue target of INR 600 crores for the current financial year. Managing Director Q: What is the status of the new plant construction for IDX and HMX at Katili? A: The construction is progressing with civil works and equipment fabrication underway. We expect to complete the civil works by August and commence production by October. Managing Director For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Business Standard
23-05-2025
- Business
- Business Standard
Premier Explosives drops after weak Q4 numbers
Premier Explosives hit a lower limit of 10% at Rs 546.65 after 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. Sequentially, the company's net profit dropped 59.7% while net sales slipped 55.3% in Q4 FY25 over Q3 FY25. Profit before tax (PBT) stood at Rs 5.96 crore in Q4 FY25, down 42.3% year-on-year and down 31.8% QoQ. EBITDA for Q4 stood at Rs 9.56 crore, down 36.6% YoY and down 38.1% QoQ. The EBITDA margin came in at 12.9%, higher than the 9.3% in Q3 FY25, but lower than 17.4% in Q4 FY24. For the full year, net profit rose 1.5% to Rs 28.55 crore while net sales increased 53.6% to Rs 417.45 crore in the year ended March 2025 over the year ended March 2024. PBT fell 6.7% year-on-year to Rs 37.54 crore in FY25 over FY24. EBITDA fell 0.9% to Rs 58 crore in FY25 over FY24. EBITDA margin stood at 13.9% in FY25, lower than 21.5% in FY24. As of March 2025, Premier Explosives reported a solid order book of Rs 750 crore, clocking in at around 1.8 times its FY25 revenue. The figure marks a 22.26% dip from last years Rs 964.7 crore. Defence orders lead the pack, contributing 81% of the order book, followed by 10% from explosives and 9% from services. The company's standalone net cash from operating activities stood at Rs 118.61 crore in FY25, higher than Rs 78.99 crore in FY24. 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 Solid Fuel Complex at Jagdalpur under the umbrella of DRDO.
Business Upturn
23-05-2025
- Business
- Business Upturn
Premier Explosives shares hit 10% lower circuit as Q4 revenue falls 14.7% YoY to Rs 74.1 crore, net profit down 44.7% YoY
By Aman Shukla Published on May 23, 2025, 09:41 IST Shares of Premier Explosives declined sharply, hitting the 10% lower circuit limit following the release of its Q4 results. The company reported a year-on-year decline across key financial metrics, raising investor concerns. Revenue for the quarter stood at Rs 74.1 crore, down from Rs 86.8 crore in the same period last year. The drop in revenue was accompanied by a contraction in profitability. EBITDA for the quarter was reported at Rs 9.6 crore, a decrease from Rs 15.9 crore, leading to a reduction in the operating margin to 12.9% from the previous year's 18.3%. Net profit for the quarter came in at Rs 3.7 crore, compared to Rs 6.8 crore in the corresponding quarter of the previous year, marking a decline of nearly 45%. Premier Explosives shares opened at ₹552.70 today, hitting a high of ₹564.60 and a low of ₹546.20. The stock remains significantly below its 52-week high of ₹908.80 but well above the 52-week low of ₹309.15. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
