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Premier Explosives Ltd Q1FY24; 552% rise in Profits

Premier Explosives Limited is engaged in the manufacturing of industrial explosives and detonators. It also undertakes operation and maintenance (O&M) services of solid propellant plants at the Sriharikota Centre of ISRO and Solid Fuel Complex at Jagdalpur under the umbrella of DRDO.

Financial Results:

Premier Explosives Ltd reported Revenues for Q1FY24 of ₹61.95 Crores up from ₹51.77 Crore year on year, a rise of 19.66%.

Total Expenses for Q1FY24 of ₹50.87 Crores up from ₹50.45 Crores year on year, a rise of 0.83%.

Consolidated Net Profit of ₹8.21 Crores up 551.59% from ₹1.26 Crores in the same quarter of the previous year.

The Earnings per Share is ₹7.64, up 552.99% from ₹1.17 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Explosives
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