Outcome of Board Meeting
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Premier Explosives reported FY2026 standalone revenue of Rs. 38,834.14 lakhs, down from Rs. 41,745.23 lakhs in FY2025 (approx 7% decline). However, PAT surged significantly to Rs. 4,582.51 lakhs from Rs. 2,855.26 lakhs (approx 60% growth), driven by Rs. 3,417.80 lakhs in purchase discounts from a commercial settlement with a supplier and reversal of Rs. 500 lakhs provision for expected loss on long-term contracts. The auditors issued unmodified opinions on both standalone and consolidated financial statements. An Emphasis of Matter was raised regarding an accident at the manufacturing facility causing Rs. 709.80 lakhs damage; Rs. 609.80 lakhs insurance claim is recognized and pending settlement. An exceptional item of Rs. 520 lakhs (ex-gratia to affected employees) was charged. Operating cash flow turned negative at Rs. -127.20 lakhs (consolidated) versus Rs. 11,847.80 lakhs in prior year due to working capital changes. Board recommended dividend of Rs. 0.50 per share (25% on Rs. 2 face value).
Despite revenue decline, profitability improved substantially due to supplier settlement gains. The negative operating cash flow and pending insurance claim are key monitoring points. Dividend provides shareholder reward.