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Premier Explosives Ltd

Q3 FY26Chemicals & Petrochemicals

Premier Explosives Ltd Q3 FY26 Results & Concall Highlights: Revenue, Margins & Order Book

Q3 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

FY '27 revenue expected around INR500-600 crores conservatively, considering current order execution and inspection delays. Revenue guidance for FY '27 is cautiously estimated at INR500-600 crores, lower than earlier optimism due to delays and operational challenges.

From Premier Explosives Ltd's Q3 FY26 earnings-call transcript · updated 23 Aug 2026.

Revenue & Sales Performance

  • FY '27 revenue expected around INR500-600 crores conservatively, considering current order execution and inspection delays.
  • Major revenue contributors in FY '27: chaffs and flares orders (~INR430 crores) and explosive sales (RDX and HMX ~INR150 crores).
  • Total order book strong at INR1,294 crores, providing a healthy execution pipeline for next 2 years.
  • Expansion capex of about INR60 crores planned for FY '27 to increase capacities at Katepally and PDK plants.
  • RDX and HMX expansion to contribute around INR150-200 crores revenue in FY '27, ramping up slowly in initial quarters.
  • Longer-term growth driven by expanding product portfolio in countermeasures, mines, ammunition, and defense aerospace exports.
  • Stable EBITDA margins expected between 15% to 20% depending on the product mix.
  • Export orders (~INR450 crores) will execute over 12-24 months following export license approvals.
  • Additional capex contingent on land allotment for new facilities (Odisha/Andhra Pradesh).

Profitability & Margins

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

Capital Expenditure Plans

- **FY '27 Capex Guidance:** Approximately INR 60 crores planned for expansion at Katepally and PDK plants. - **Capex Details:** Focus on additional capacity for propellant manufacturing, casting, rocket motor integration, and expansion of RDX and HMX plants. - **RDX and HMX Expansion:** Current capacity ramp-up from 100 tons to 600 tons expected to complete by FY '26 Q1 or Q2; no further expansion at Katepally or PDK afterward due to land constraints. - **Odisha Land Acquisition:** Land not yet finalized due to hilly and forest terrain. - **Andhra Land Allotment:** Andhra Pradesh government cleared land application, expected to add to future capex plans pending allotment. - **FY '28 Capex:** Not yet finalized; contingent on land allotment and project report submissions. Overall, capex plans are focused on capacity expansion for high-margin products and strategic land acquisitions for future growth.

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Fundraising & Capital Structure

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

Order Book & Pipeline

  • Current total order book stands at approximately INR1,294 crores as of February 2026.
  • Defense segment forms the majority with about INR1,191 crores (92% of total).
  • Explosive and service segments each have about INR52 crores (4% each).
  • New order of INR430 crores received in October 2025 for chaffs and flares.
  • Pending orders (unexecuted portion) for countermeasures around INR110-112 crores.
  • Stock yet to be verified by defense valued at around INR30 crores.
  • Major bulk explosives orders currently not supplied to Coal India due to low prices; servicing Singareni Collieries.
  • Mines order in execution with about INR30 crores supplied; awaiting further RFPs.
  • Export orders valued roughly INR450 crores, expected to execute within 1.5 to 2 years.
  • Overall, the order book is strong, supporting revenue momentum for coming quarters.

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 Q3 FY26 results?

FY '27 revenue expected around INR500-600 crores conservatively, considering current order execution and inspection delays. Revenue guidance for FY '27 is cautiously estimated at INR500-600 crores, lower than earlier optimism due to delays and operational challenges.

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?

FY '27 Capex Guidance:** Approximately INR 60 crores planned for expansion at Katepally and PDK plants.

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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.