Shares of Premier Explosives declined sharply, hitting the 10% lower circuit limit following the release of its Q4 results. The company reported a year-on-year decline across key financial metrics, raising investor concerns.
Revenue for the quarter stood at Rs 74.1 crore, down from Rs 86.8 crore in the same period last year. The drop in revenue was accompanied by a contraction in profitability. EBITDA for the quarter was reported at Rs 9.6 crore, a decrease from Rs 15.9 crore, leading to a reduction in the operating margin to 12.9% from the previous year’s 18.3%.
Net profit for the quarter came in at Rs 3.7 crore, compared to Rs 6.8 crore in the corresponding quarter of the previous year, marking a decline of nearly 45%.
Premier Explosives shares opened at ₹552.70 today, hitting a high of ₹564.60 and a low of ₹546.20. The stock remains significantly below its 52-week high of ₹908.80 but well above the 52-week low of ₹309.15.
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