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Premier Explosives Ltd

Q2 FY26Chemicals & Petrochemicals

Premier Explosives Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹665
Market cap₹3.6K Cr
P/E71.6
Updated23 Aug 2026
Read4 min read

The short version

Premier Explosives expects revenue for FY26 in the range of INR 500-600 crores, targeting INR 600 crores as the upper limit. Premier Explosives targets revenue in the range of INR 500-600 crores for FY '26, with guidance around INR 600 crores.

From Premier Explosives Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • Premier Explosives expects revenue for FY26 in the range of INR 500-600 crores, targeting INR 600 crores as the upper limit.
  • Current order book stands strong at INR 1,297 crores, with execution expected over 2+ years.
  • Additional orders of around INR 300 crores expected within the current fiscal.
  • Growth areas include countermeasures, rocket motors, mines (anti-personal and anti-armored), medium-caliber ammunition, and warheads, especially for drones and UAVs.
  • Expansion of RDX and HMX production capacity is underway, expected to start by end of financial year.
  • New plant in Odisha planned with phased capex over 8 years, diversifying product range and increasing production.
  • Exports remain significant, comprising about 35-40% of revenue, with global demand stable for specialty products like HMX and RDX.
  • The company is confident about maintaining healthy growth, with a long-term order book and ongoing capacity expansions.

Profitability & Margins

See what Premier Explosives Ltd said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

  • Planned capex for FY 2026 and 2027 is around INR 50 crores, primarily financed through bank term loans and internal accruals; QIP approval is in place if additional funding is needed but is not immediate (Page 11).
  • Premier Explosives signed an MOU for allotment of around 400 acres of land in Andhra Pradesh to set up defense explosives and products, with phased capex to be funded mainly through internal accruals over 6-7 years (Page 6).
  • Large-scale capex planned in Odisha involving approximately INR 800 crores for a multi-phase project over 8 years including ammunition, explosive raw materials, and filling of bombs; land allotment process is ongoing, expected by end of calendar year (Pages 9 and 10).
  • Capex in Odisha aims to add defense raw material production and bomb filling capacities not currently in operation, expanding the product portfolio (Page 9).
  • JV with NIBE for rocket motors production; expected to take 1.5-2 years to start production (Page 14).

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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Fundraising & Capital Structure

See what Premier Explosives Ltd said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

  • Current order book stands at INR 1,297 crores.
  • Defense segment orders: INR 1,167.4 crores, about 90% of total order book.
  • Explosives segment: INR 77.80 crores (6% of total).
  • Services (operational and maintenance): INR 51.9 crores (4%).
  • The order book represents 3.1x of FY 2025 revenue.
  • Orders expected to be executed over 2+ years given the product mix.
  • Additional orders expected in FY 2026: at least INR 300 crores.
  • Orders being held temporarily due to major expansion projects.
  • Export orders continue from multiple countries, including Europe and Asia.
  • Chaffs and flares orders expected to have consistent yearly replenishments (~50% of current supply).

Premier Explosives Ltd — Quarterly revenue & net profit

Revenue Net profit
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025

Reported quarterly figures (₹ Cr). Latest: revenue ₹81 Cr, net profit ₹6 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

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Frequently Asked Questions

What were Premier Explosives Ltd Q2 FY26 results?

Premier Explosives expects revenue for FY26 in the range of INR 500-600 crores, targeting INR 600 crores as the upper limit. Premier Explosives targets revenue in the range of INR 500-600 crores for FY '26, with guidance around INR 600 crores.

What is Premier Explosives Ltd share price analysis?

Premier Explosives Ltd currently shows a neutral. The stock trades at a P/E of 71.6 with a market cap of ₹3,553 Cr. Investors should review the full earnings analysis for detailed insights.

Is Premier Explosives Ltd planning capital expenditure?

Planned capex for FY 2026 and 2027 is around INR 50 crores, primarily financed through bank term loans and internal accruals; QIP approval is in place if additional funding is needed but is not immediate (Page 11).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.