Premier Explosives Q2FY18 standalone net profit declines 8.3% yoy

Nov 29, 2017 10:11 IST India Infoline Research Team

Premier Explosives Ltd Q2FY18

Standalone Results Q2FY18: (Rs. in crore)

Q2FY18 YoY (%)
Revenue 58.23 [3.7]
EBITDA 5.14 [1.3]
EBITDA Margin (%) 8.8 21
Net Profit (adjusted) 2.31 [8.3]
***EBITDA margin change is bps


Reco. Price


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Premier Explosives standalone revenue for the quarter came in at Rs. 58.23 crore, registering 3.7% yoy decline.

EBITDA for the quarter fell by 1.3% yoy to Rs. 5.14 crore with a corresponding margin expansion of 21 bps. EBITDA margin for the quarter stood at 8.8%. This margin expansion was aided by decline in research and development expenses by 17.6% yoy.

The PAT for the quarter came in at Rs. 2.31 crore, yoy decline of 8.3%. This was due to 58.5% yoy jump in interest expenses.

Technical View:

Premier Explosives Ltd is currently trading at Rs. 408.10, down by 5.15 points or 1.25% from its previous closing of Rs. 413.25 on the BSE.
The scrip opened at Rs. 410.50 and has touched a high and low of Rs. 430 and Rs. 406.65 respectively. So far 20,727(NSE+BSE) shares were traded on the counter. The stock is currently trading above its 200 DMA.

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