Latest news with #PremierExplosives'
Business Upturn
4 days ago
- Business
- Business Upturn
Why are Premier Explosives shares up 14% today? Explained
Premier Explosives Ltd saw its shares jump more than 14% following robust Q1 FY26 financial performance. As of 9:51 AM, the shares were trading 14.28% higher at Rs 487.90. The company reported a consolidated net profit of Rs 15.35 crore for the quarter ended June 30, 2025, more than doubling compared to Rs 7.32 crore in the same quarter last year. Sequentially, profit soared from Rs 3.75 crore in Q4 FY25, reflecting strong operational momentum. Revenue from operations rose sharply by 71% year-on-year to Rs 142.15 crore, nearly doubling from Rs 74.08 crore in the previous quarter. Including other income of Rs 5.89 crore, total revenue for the quarter reached Rs 148.03 crore, up from Rs 84.03 crore a year ago. The company's expenses increased to Rs 125.21 crore, driven mainly by higher raw material costs at Rs 70.94 crore and increased inventory build-up of Rs 22.65 crore. Employee benefit expenses rose to Rs 17.61 crore, while finance costs were maintained at Rs 1.02 crore. Premier Explosives' profit before tax surged to Rs 22.82 crore from Rs 10.68 crore in Q1 FY25. Tax expenses were Rs 3.47 crore, slightly higher than Rs 3.36 crore a year earlier. For the full financial year ended March 31, 2025, the company recorded revenue from operations of Rs 417.45 crore and a net profit of Rs 28.73 crore. The order book position remained strong at Rs 988.5 crore at the end of June 2025, up 32% from Rs 750 crore at the end of FY25. Defence contracts constituted 87% of the order book, with explosives and services contributing 7% and 6%, respectively. 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. Ahmedabad Plane Crash
Business Upturn
04-08-2025
- Business
- Business Upturn
Premier Explosives shares surge 10% as company bags Rs 190 crore from an international entity
Premier Explosives Limited shares surged 10% sharply on Monday after the company announced a significant export order worth USD 21.75 million (approximately ₹190.07 crore) for the manufacture and supply of defence explosives. The stock jumped 10%, hitting an intraday high of ₹467.75, after opening at ₹424.95—a steep rise from its previous close of ₹426.30. In its regulatory filing, the company clarified that this order does not involve any related party transactions, and the promoters have no stake in the awarding entity. This marks a significant boost to Premier Explosives' export portfolio and strengthens its position in the global defence manufacturing space. The order is to be executed over a period of two years. The order also underscores India's growing defence exports and Premier Explosives' role in supporting strategic supply chains across international markets. 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. Ahmedabad Plane Crash 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
