Hot Pursuit     28-Sep-20
Premier Explosives hits the roof on receiving arms licence
Premier Explosives hit an upper circuit of 5% at Rs 119.50 after the company said it received arms licence for making all types of warheads and fuses in Telangana.
The company received the licence from Arms License Issuance Authority, Department for Promotion of Industry and Internal Trade (DPIIT) under Arms Act 1959. This licence, which is valid for life time, enables the company to enter into new business area in defence explosives like warheads (blasts, fragmentation, shaped charge) and all types of fuses (electronic, mechanical).

Premier Explosives is engaged in the business of high energy materials (commercial explosives and defense explosives).

On a consolidated basis, Premier Explosives reported net loss of Rs 2.42 crore in Q1 June 2020 compared with net profit of Rs 0.68 crore in Q1 June 2019. Consolidated net sales slumped 56.3% to Rs 23.08 crore in Q1 June 2020 over Q1 June 2019

The scrip has grown 111.5% from its 52-week low of Rs 56.50 hit on 25 March 2020. The stock hit a 52-week high of Rs 184.50 on 24 October 2019.

Previous News
  Premier Explosives reports consolidated net profit of Rs 3.10 crore in the September 2021 quarter
 ( Results - Announcements 28-Oct-21   18:01 )
  Premier Explosives to convene AGM
 ( Corporate News - 05-Sep-23   10:41 )
  Premier Explosives consolidated net profit declines 60.00% in the September 2019 quarter
 ( Results - Announcements 16-Nov-19   16:34 )
  Premier Explosives reports consolidated net loss of Rs 9.20 crore in the December 2019 quarter
 ( Results - Announcements 13-Feb-20   16:12 )
  Premier Explosives reports standalone net profit of Rs 2.57 crore in the September 2021 quarter
 ( Results - Announcements 28-Oct-21   17:36 )
  Premier Explosives to announce Quarterly Result
 ( Corporate News - 02-Feb-23   11:29 )
  Premier Explosives standalone net profit rises 24.32% in the December 2016 quarter
 ( Results - Announcements 25-Jan-17   15:21 )
  Premier Explosives receives order worth Rs 29.06 cr from NLC India
 ( Corporate News - 07-Mar-19   13:21 )
  Premier Explosives standalone net profit rises 85.00% in the December 2015 quarter
 ( Results - Announcements 03-Feb-16   16:16 )
  Premier Explosives to conduct AGM
 ( Corporate News - 12-Sep-20   18:09 )
  Premier Explosives net profit rises 9.29% in the June 2013 quarter
 ( Results - Announcements 09-Aug-13   17:18 )
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