Premier Explosives Limited Reports Earnings Results for the Full Year Ended March 31, 2022
May 26, 2022 at 06:50 am
Share
Premier Explosives Limited reported earnings results for the full year ended March 31, 2022. For the full year, the company reported sales was INR 1,991.28 million compared to INR 1,536.34 million a year ago. Revenue was INR 2,019.45 million compared to INR 1,545.69 million a year ago. Net income was INR 53 million compared to net loss of INR 109.16 million a year ago. Basic earnings per share from continuing operations was INR 4.93 compared to basic loss per share from continuing operations of INR 10.15 a year ago. Diluted earnings per share from continuing operations was INR 4.93 compared to diluted loss per share from continuing operations of INR 10.15 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.