Premier Explosives Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 16, 2023 at 07:08 am EDT
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Premier Explosives Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 523.21 million compared to INR 604.53 million a year ago. Revenue was INR 524.61 million compared to INR 611.61 million a year ago. Net income was INR 24.09 million compared to INR 3.21 million a year ago. Basic earnings per share from continuing operations was INR 2.24 compared to INR 0.3 a year ago. Diluted earnings per share from continuing operations was INR 2.24 compared to INR 0.3 a year ago.
For the full year, sales was INR 2,020.3 million compared to INR 1,991.28 million a year ago. Revenue was INR 2,041.96 million compared to INR 2,019.45 million a year ago. Net income was INR 69.07 million compared to INR 53 million a year ago. Basic earnings per share from continuing operations was INR 6.42 compared to INR 4.93 a year ago. Diluted earnings per share from continuing operations was INR 6.42 compared to INR 4.93 a year ago.
Premier Explosives Limited is an India-based company that is primarily engaged in the manufacture of high energy materials and allied products for the defense, space, mining and infrastructure industries. The Company's geographical segments include India and the Rest of the world. It is focused on developing and manufacturing solid propellants for rockets and strap-on motors for satellite launch vehicles. The Companyâs extended capabilities include products, such as chaff, infrared (IR) flares, explosive bolts, pyro devices, smoke markers, cable cutters, tear gas grenades and many other products, including pyrogen igniters for defense and space applications. The Company has over two units under defense and explosive manufacturing, where one unit is at Peddakundukur and the second at Katepally, which are located in the State of Telangana. In addition, the Company has over six bulk explosive manufacturing locations spread across Madhya Pradesh, Maharashtra, Telangana and Tamil Nadu.
PREMIER EXPLOSIVES LIMITED 
