Premier Explosives Limited has informed the Exchange regarding Outcome of Board Meeting held on August 12, 2025.
PREMEXPLN · price
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Awaiting price reaction for this filing.
Premier Explosives reported a strong Q1 FY26 with standalone revenue from operations rising about 72% year-on-year to Rs. 142.15 crore (vs Rs. 82.86 crore in Q1 FY25). Profit after tax jumped roughly 110% to Rs. 15.32 crore (vs Rs. 7.28 crore), pushing EPS to Rs. 2.85 from Rs. 1.35. Other income rose sharply because the company reversed a Rs. 5 crore loss provision on a long-term contract, and it booked a Rs. 4 crore exceptional expense as ex-gratia to employees affected by an accident at its manufacturing facility. The Board also approved a proposal to raise up to Rs. 300 crore through equity, preferential allotment, QIP, rights issue, or FPO (subject to shareholder approval), introduced a new Employee Stock Option Scheme 2025, and appointed M/s. K V C Reddy & Associates as Secretarial Auditors for five years. The 45th AGM is set for September 30, 2025, with a record date of September 23, 2025 for the FY24-25 dividend.
Sharp top-line and bottom-line growth, aided by a one-time provision reversal, is positive for sentiment, but the proposed Rs. 300 crore fund raise could dilute existing shareholders. The Rs. 4 crore ex-gratia highlights a recent workplace accident, which investors may monitor for any further operational impact.