Net profit of Premier Explosives rose 14.69% to Rs 2.81 crore in the quarter ended March 2019 as against Rs 2.45 crore during the previous quarter ended March 2018. Sales declined 29.65% to Rs 58.59 crore in the quarter ended March 2019 as against Rs 83.28 crore during the previous quarter ended March 2018.

For the full year,net profit rose 34.36% to Rs 11.73 crore in the year ended March 2019 as against Rs 8.73 crore during the previous year ended March 2018. Sales declined 9.39% to Rs 240.93 crore in the year ended March 2019 as against Rs 265.91 crore during the previous year ended March 2018.

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Premier Explosives has bagged an order worth Rs 29.06 crore from NLC India for supply of bulk explosives and cast booster.

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Premier Explosives has been selected for 'SME - Empowering India Awards 2019' in the 'Defense & Aerospace (Mid - Corporate)' category.

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The Board of Premier Explosives at its meeting held on 25 January 2019 has approved the allotment of 1,15,100 equity shares of face value of Rs. 10/- each against conversion of equal number of warrants on payment of the balance 75% of the issue price, at issue price of Rs. 408 per equity share (including a premium of Rs. 398 per equity share), with the balance amount received aggregating to Rs.3,52,20,600; to the allottees belonging to the Promoter group and Non Promoters as listed in the attachment.

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