Earlier in the month, the company bagged
an export order worth ₹105 crore for the manufacture and supply of defence explosives to international clients.
The Secunderabad-based company’s revenue in the fourth quarter of FY25 fell by 15% from last year to ₹74 crore, while earnings before interest, tax, depreciation and amortisation (EBITDA) fell by 37% year-on-year. Order book, at the end of the financial year, stood at ₹750 crore.In spite of securing two export orders this month, the stock has declined by more than 19% over the past month.
Also read: Stock Crash: Explosives manufacturer falls 40% from peak after a lower circuit
The company is engaged in the manufacturing of industrial explosives and detonators for mining & infrastructure industries, and defence and space. 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. The bulk of the company’s revenue, 81%, comes from the defence and space segment.
Shares of the company are now trading at ₹445.6, down 2.4% on the BSE.
