Premier Explosives : Q3FY17 results

Premier Explosives Ltd. reported its results for the quarter ended December 31, 2016 during market hours today.  The total sales for Q3FY17 came in at Rs 56.02 crore, which represents a two per cent sequential increase and 16.3 per cent YoY increase.
 
The operating profit (EBIT) for the quarter amounted to Rs 4.2 crore and the EBIT margin stood at 7.5 per cent.
 
The company reported a PAT figure of Rs 2.3 crore, which represents a sequential QoQ decline of 3.77 per cent and a YoY increase of 24.32 per cent.
 
The company's stock, which opened for trading at Rs 366.5 on the BSE, has risen by 3.13 per cent and closed for the day at Rs 372.30.
 
Premier Explosives Ltd is an Indian company engaged in the business of manufacturing the entire range of explosives and accessories for the civil requirement. These include emulsion and slurry explosives, LD cartridge explosives, bulk explosives, small-dia non-permitted explosives, permitted explosives, cast boosters, pillow-packs for secondary blasting; detonating fuse of various core-loads, plain detonators, instantaneous electric detonators, electric delay detonators, permitted detonators, cord relays and Amardet non-electric shock-tube detonators. The company operates in two segment viz., explosives and wind power.