Hot Pursuit     26-Apr-22
Premier Explosives soars after securing order from Defence Ministry
Premier Explosives jumped 4.40% to Rs 394.65 after the company received an order from Ministry of Defence, Government of India, worth Rs 57.90 crore.

The order is for the supply of 50 MM MTV flares. The order is to be executed within twelve months.

The announcement was made during market hours today.

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

On a consolidated basis, Premier Explosives reported a net profit of Rs 0.61 crore in Q3 FY22 as compared to a net loss of Rs 5.55 crore in Q3 FY21. Net sales rose 3.6% to Rs 50.62 crore in Q3 FY22 over Q3 FY21.

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