Premier Explosives bags ₹22 crore export order for supplying rocket motors

Shares of Premier Explosives Ltd., are trading over 2% lower on Thursday, July 31, even after the company announced receiving an export order for a total consideration of ₹22.36 crore, for the supply of rocket motors to an international client.The order is expected to be delivered by March 31, 2026, the company said in an exchange filing.

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.