Premier Explosives Q4 profit jumps 78%, order book hits INR1,569 crores
Premier Explosives Limited reported a 78% increase in Q4 net profit to INR6.6 crores, supported by a 20% rise in revenue to INR89.2 crores, led by the Defense & Space segment. The order book reached a record INR1,569 crores, including a major INR350.23 crore export order secured in April 2026. For FY27, the company guided for revenue between INR600 crores and INR700 crores with margins of 15-20%, while advancing expansion plans in Andhra Pradesh and resolving raw material supply issues.
*this image is generated using AI for illustrative purposes only.
Premier Explosives Limited reported a 78% year-on-year surge in net profit to INR6.6 crores for the fourth quarter ended March 31, 2026, driven by robust performance in its Defense & Space segment. Revenue from operations for the quarter increased by 20% to INR89.2 crores. The company’s order book reached a record high of INR1,569 crores, which is 4.04 times its FY26 revenue, providing strong medium-term visibility. Management attributed the quarterly performance to consistent execution and the securing of strategically significant contracts, while noting that full-year revenue was impacted by the timing of high-value orders executed in the previous financial year.
Financial Performance
The Defense & Space segment contributed 76% of the overall revenue at INR67.7 crores, registering a growth of 43% year-on-year. For the full financial year FY26, revenue from operations degrew by 7% to INR388.3 crores. However, operating profitability improved significantly, with EBIT for the year growing by 42% to INR69.3 crores and net profit increasing by 61% to INR45.8 crores. The EBIT margin for FY26 stood at 17.8%, while the PAT margin was 11.8%.
| Metric | Q4 FY26 | YoY Growth |
|---|---|---|
| Revenue from Operations | INR89.2 crores | 20% |
| EBIT | INR9.6 crores | 35% |
| Net Profit | INR6.6 crores | 78% |
| EBIT Margin | 10.8% | - |
| PAT Margin | 7.4% | - |
Order Book and Segments
The company's current order book of INR1,569 crores is diversified across segments. The Defense segment accounts for 95% of the order book at INR1,491 crores, followed by the Service segment at INR47 crores and the Explosive segment at INR31 crores. In April 2026, the company secured a major export order worth INR350.23 crores from international clients for the supply of defense products. The order book comprises approximately 54% exports and 46% domestic orders.
Outlook and Expansion
Looking ahead, Premier Explosives has provided a revenue guidance of INR600 crores to INR700 crores for FY27, with expected margins between 15% and 20%. The company is currently in discussions with the Andhra Pradesh government for the acquisition of a 400-acre land parcel to establish a dedicated defense manufacturing facility. Management stated that they are actively developing new products and have found alternate raw materials to mitigate previous supply chain disruptions. The company expects the Katepally expansion project to be commissioned by Q3 FY27.
Historical Stock Returns for Premier Explosives
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.61% | +18.39% | +46.81% | +63.77% | +30.43% | +2,774.68% |
How will the acquisition of the 400-acre land parcel impact Premier Explosives' production capacity and capital expenditure over the next two years?
What specific risks does the company face in managing the transition to a revenue mix where exports constitute 54% of the order book?
Will the commissioning of the Katepally expansion project in Q3 FY27 be sufficient to meet the FY27 revenue guidance of INR700 crores?
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