Premier Explosives Limited has informed the Exchange that Board of Directors at its meeting held on May 29, 2026, recommended Final Dividend of Rs. 0.50 per equity share.
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Premier Explosives Limited reported FY2026 standalone revenue of Rs. 38,834.14 lakhs, down from Rs. 41,745.23 lakhs in FY2025. However, profit after tax improved significantly to Rs. 4,582.51 lakhs from Rs. 2,855.26 lakhs. The Board recommended a final dividend of Rs. 0.50 per equity share (25% on face value of Rs. 2), subject to shareholder approval at the 46th AGM. The company also disclosed a manufacturing accident causing Rs. 709.80 lakhs in asset damage, partially offset by an insurance claim receivable of Rs. 609.80 lakhs. Additionally, other income included Rs. 3,417.80 lakhs from purchase discounts due to a commercial settlement with a supplier.
The dividend payout remains unchanged from the previous year, maintaining shareholder returns. The improved profitability despite lower revenue reflects better operational efficiency, though the market may react to the revenue decline and accident-related costs.