Premier Explosives Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 30, 2023 at 04:29 am EDT
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Premier Explosives Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 784.16 million compared to INR 606.35 million a year ago. Revenue was INR 788.25 million compared to INR 614.31 million a year ago. Net income was INR 116.47 million compared to INR 25.84 million a year ago. Basic earnings per share from continuing operations was INR 10.83 compared to INR 2.4 a year ago. Diluted earnings per share from continuing operations was INR 10.83 compared to INR 2.4 a year ago.
For the six months, sales was INR 1,403.67 million compared to INR 1,124.1 million a year ago. Revenue was INR 1,410.8 million compared to INR 1,136.51 million a year ago. Net income was INR 199 million compared to INR 38.72 million a year ago. Basic earnings per share from continuing operations was INR 18.51 compared to INR 3.6 a year ago. Diluted earnings per share from continuing operations was INR 18.51 compared to INR 3.6 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 
