Premier Explosives Q1FY18 standalone net profit rises 21% yoy

Aug 18, 2017 10:08 IST India Infoline Research Team

Premier Explosives Ltd Q1FY18

Standalone Results Q1FY18: (Rs. in crore)

Q1FY18 YoY (%)
Revenue 62.3 19.4
EBITDA 5.19 20.4
EBITDA Margin (%) 8.3 7
Net Profit (adjusted) 2.36 21.0
***EBITDA margin change is bps


Reco. Price


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Premier Explosives’ standalone revenue for the quarter came in at Rs. 62.3 crore, registering 19.4% yoy increase.

EBITDA for the quarter rose by 20.4% yoy to Rs. 5.19 crore with a corresponding margin expansion of 7 bps. EBITDA margin for the quarter stood at 8.3%.

The PAT for the quarter came in at Rs. 2.36 crore, yoy increase of 21%.

Technical View:

Premier Explosives Ltd is currently trading at Rs. 478, down by 3.45 points or 0.72% from its previous closing of Rs. 481.45 on the BSE.
The scrip opened at Rs. 477.50 and has touched a high and low of Rs. 486.10 and Rs. 474.90 respectively. So far 9,852(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50 DMA.

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