Premier Explosives Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
October 27, 2022 at 05:34 am
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Premier Explosives Limited reported earnings results for the second quarter and six months ended September 30, 2022. For the second quarter, the company reported sales was INR 606.35 million compared to INR 550.56 million a year ago. Revenue was INR 614.31 million compared to INR 563.21 million a year ago. Net income was INR 25.84 million compared to INR 30.97 million a year ago. Basic earnings per share from continuing operations was INR 2.4 compared to INR 2.88 a year ago. Diluted earnings per share from continuing operations was INR 2.4 compared to INR 2.88 a year ago.
For the six months, sales was INR 1,124.1 million compared to INR 878.67 million a year ago. Revenue was INR 1,136.51 million compared to INR 891.98 million a year ago. Net income was INR 38.72 million compared to INR 43.74 million a year ago. Basic earnings per share from continuing operations was INR 3.6 compared to INR 4.07 a year ago. Diluted earnings per share from continuing operations was INR 3.6 compared to INR 4.07 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 
