Premier Explosives Ltd — Q4 FY26 earnings call
Summary generated by AI from the official transcript Premier Explosives Ltd filed with BSE on 02 Jun 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Premier Explosives reported Q4 FY26 revenue of INR89.2 crores, up 20% year-on-year, with EBIT growing 35% to INR9.6 crores and net profit rising 78% to INR6.6 crores. For the full year, revenue declined 7% to INR388.3 crores due to a high base from chaffs and flares orders executed in FY25, while EBIT grew 42% to INR69.3 crores and net profit grew 61% to INR45.8 crores. Management cited an order book of INR1,569 crores, 4.04x FY26 revenue, and referenced raw material and export license constraints affecting execution during the year.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Revenue from operations: INR89.2 crores (Q4 FY26)
p. 4
“The revenue from operations for Q4 FY26 grew by 20% year-on-year to INR89.2 crores.”
Vijay Kumar, page 4 of the filed PDF · View the filing
EBIT: INR9.6 crores (Q4 FY26)
p. 4
“Our EBIT for Q4 FY26 grew by 35% year-on-year to INR9.6 crores.”
Vijay Kumar, page 4 of the filed PDF · View the filing
EBIT margin: 10.8% (Q4 FY26)
p. 4
“The EBIT margin for the quarter stands at 10.8%.”
Vijay Kumar, page 4 of the filed PDF · View the filing
Net profit: INR6.6 crores (Q4 FY26)
p. 4
“Our net profit increased by 78% year-on-year to INR6.6 crores.”
Vijay Kumar, page 4 of the filed PDF · View the filing
PAT margin: 7.4% (Q4 FY26)
p. 4
“The PAT margin for the quarter stands at 7.4%.”
Vijay Kumar, page 4 of the filed PDF · View the filing
Revenue from operations: INR388.3 crores (FY26)
p. 4
“The revenue from operations for FY26 degrew by 7% to INR388.3 crores.”
Vijay Kumar, page 4 of the filed PDF · View the filing
EBIT: INR69.3 crores (FY26)
p. 4
“Our EBIT per FY26 grew by 42% year-on-year to INR69.3 crores.”
Vijay Kumar, page 4 of the filed PDF · View the filing
EBIT margin: 17.8% (FY26)
p. 4
“The EBIT margin for FY26 stands at 17.8%.”
Vijay Kumar, page 4 of the filed PDF · View the filing
Net profit: INR45.8 crores (FY26)
p. 4
“Our net profit increased by 61% year-on-year to INR45.8 crores.”
Vijay Kumar, page 4 of the filed PDF · View the filing
PAT margin: 11.8% (FY26)
p. 4
“The PAT margin for the quarter stands at 11.8%.”
Vijay Kumar, page 4 of the filed PDF · View the filing
Order book: INR1,569 crores (as of Q4 FY26)
p. 4
“Highest ever order book stands at INR1,569 crores, representing 4.04x of FY26 revenue and providing strong medium-term visibility.”
T.V. Chowdary, page 4 of the filed PDF · View the filing
Defense & Space segment revenue: INR67.7 crores, 76% of revenue, up 43% YoY (Q4 FY26)
p. 3
“The segment contributed 76% of the overall revenue at INR67.7 crores and registered an impressive growth of 43% year-on-year.”
T.V. Chowdary, page 3 of the filed PDF · View the filing
Export order won: INR350.23 crores (April 2026)
p. 4
“In April, we secured a major export order worth INR350.23 crores from international clients for the supply of defense products.”
T.V. Chowdary, page 4 of the filed PDF · View the filing
Order book composition - Defense segment: INR1,491 crores, 95% of order book (as of Q4 FY26)
p. 5
“the company's current order book stands at INR1,569 crores, out of which Defense segment order is majority of INR1,491 crores, which is equal to 95% of the total order book.”
Vijay Kumar, page 5 of the filed PDF · View the filing
Order book export/domestic split: Exports 54%, domestic 46% (as of Q4 FY26)
p. 8
“Exports is about 54% and domestic is about 46%.”
Vijay Kumar, page 8 of the filed PDF · View the filing
ISRO annual revenue: INR18 crores per annum (annual)
p. 12
“I'll tell you. That is around INR18 crores per annum. The contract life is about another 2.5 years.”
Vijay Kumar, page 12 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Revenue — INR600 crores to INR700 crores · FY27
stated conditionally by T.V. Chowdary
p. 5
“Yes, it is -- we are to be -- yes, targeting INR600 crores to INR700 crores.”
T.V. Chowdary, page 5 of the filed PDF · View the filing
EBIT margin — 15% to 20% · FY27
stated as an aspiration by T.V. Chowdary
p. 5
“Margins, it will be similar between 15% to 20%.”
T.V. Chowdary, page 5 of the filed PDF · View the filing
Export revenue — INR200 crores · FY27
stated conditionally by T.V. Chowdary
p. 10
“INR200 crores will be in the current year that is FY27, we are expecting to export.”
T.V. Chowdary, page 10 of the filed PDF · View the filing
Katepally expansion completion — Q2 to Q3 FY27
stated conditionally by T.V. Chowdary
p. 7
“It may go up to Q3 because see, we are in the business of explosives where the qualification of the plant and qualification of the product produced from the plant is important.”
T.V. Chowdary, page 7 of the filed PDF · View the filing
Chaffs and flares order completion — Q1 FY27
stated firmly by T.V. Chowdary
p. 8
“First quarter itself we are expecting to complete that.”
T.V. Chowdary, page 8 of the filed PDF · View the filing
Export license for INR350 crores order — 3 months
stated conditionally by T.V. Chowdary
p. 11
“It's a running process always, this following up with the export license. Maybe I think in 3 months' time, we should be able to get this.”
T.V. Chowdary, page 11 of the filed PDF · View the filing
Andhra Pradesh land facility commissioning — 1 to 1.5 years
stated conditionally by T.V. Chowdary
p. 13
“So we are -- we expect that within 1 to 1.5 years, we can commission it.”
T.V. Chowdary, page 13 of the filed PDF · View the filing
Odisha capex phases — 4 to 5 years
stated as an aspiration by T.V. Chowdary
p. 15
“So after that, the second and third phases, then we are thinking of Orissa and then which may take around 4 to 5 years.”
T.V. Chowdary, page 15 of the filed PDF · View the filing
Katepally facility commissioning — September, production from November
stated conditionally by T.V. Chowdary
p. 17
“And the time frame what we are looking at is by September month, this will come into commissioning stage.”
T.V. Chowdary, page 17 of the filed PDF · View the filing
Order book execution timeline — 2 to 3 years
stated as an aspiration by Vijay Kumar
p. 13
“Now we have about INR1,569 crores. So this will take 2 to 3 years to complete it.”
Vijay Kumar, page 13 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management guided to INR600-700 crores revenue and 15-20% margins for FY27, driven by land mines, drone payloads, and ammunition once alternate raw materials are qualified.
Answered by T.V. Chowdary
Asked by Dipen Vakil: What is the FY27 revenue growth and margin outlook given FY26 was muted due to chaffs and flares base effect?
p. 5
“FY27, we are expecting a growth which is commensurate to previous year from this.”
T.V. Chowdary, page 5 of the filed PDF · View the filing
Management attributed the miss to raw material availability issues from Munitions India Limited, requiring DRDO approval of alternate materials, with trials still ongoing.
Answered by T.V. Chowdary
Asked by Varun Jain: Why did FY26 revenue fall well short of the earlier INR500 crores guidance given in February?
p. 6
“So we had to, again, take up the matter with DRDO, who are the technology providers, with an alternate raw material against that. And it took time for acceptance.”
T.V. Chowdary, page 6 of the filed PDF · View the filing
Management indicated approximately INR30 crores is being claimed with the government, though the final approved amount is uncertain.
Answered by Vijay Kumar
Asked by S.C. Gupta: What amount of LD (liquidated damages) is pending for reversal?
p. 9
“We are trying with the government. We have to see, it is around INR30 crores kind of thing.”
Vijay Kumar, page 9 of the filed PDF · View the filing
Management said the current run rate makes the target achievable, citing resolution of import dependency issues after plant reconstruction.
Answered by T.V. Chowdary
Asked by Apar Bansal: Given execution delays, is the FY27 target achievable or does execution risk persist?
p. 11
“Run rate, we think, it is achievable only.”
T.V. Chowdary, page 11 of the filed PDF · View the filing
Management said the originally identified land was unsuitable and the Odisha government is proposing new parcels, with the state now planned for phases 2 and 3 of expansion.
Answered by T.V. Chowdary
Asked by Sahil Karia: What is the status and timeline for the Odisha capex plan?
p. 14
“The same thing we have informed to the Orissa government, and the government is proposing some new areas.”
T.V. Chowdary, page 14 of the filed PDF · View the filing
Management described the Katepally rebuild timeline and stated new safety automation and remote operations have been incorporated to prevent recurrence.
Answered by T.V. Chowdary
Asked by Jagjit Sandhu: What is the likelihood of further plant incidents given the large order book, and what mitigations are in place?
p. 17
“we have incorporated safety control equipment and automation and remote operations in the new facilities and new plants.”
T.V. Chowdary, page 17 of the filed PDF · View the filing
Management said DRDO initially refused but has now accepted testing of the in-house alternate material for land mine production, which depends on high explosives previously sourced from MIL.
Answered by T.V. Chowdary
Asked by Manish Khemani: Has DRDO approved the alternate raw material, and how much of the order book is affected?
p. 17
“First, they were refusing, but now they have accepted it and then they agreed to test it and testing is going on with the new raw materials.”
T.V. Chowdary, page 17 of the filed PDF · View the filing
Risks flagged
Elevated raw material prices amid global tensions impacted profitability
p. 3
“operating profitability for both the quarter and the full year was impacted by elevated raw material prices amid prevailing global tensions, a challenge that was experienced across the industry.”
T.V. Chowdary, page 3 of the filed PDF · View the filing
Raw material unavailability from Munitions India Limited delayed execution of land mines and flares
p. 6
“they have informed their inability to meet the requirements.”
T.V. Chowdary, page 6 of the filed PDF · View the filing
Export license approval is uncertain and depends on government policy and destination country
p. 7
“this depends on the government policy. Based on the policy, this -- whether permission is given or not given will be decided by government.”
T.V. Chowdary, page 7 of the filed PDF · View the filing
Dependence on free-issue materials from BDL and DRDO constrains delivery of domestic orders
p. 9
“unless we get the free issue, FIMs, we cannot execute them on our own.”
T.V. Chowdary, page 9 of the filed PDF · View the filing
Plant accidents disrupted production capability for large rocket motors and flares
p. 17
“The Katepally incident has affected our production capability of large rocket motors, which are made for ISRO and also for strategic systems of DRDO.”
T.V. Chowdary, page 17 of the filed PDF · View the filing
Import dependency for components was affected by geopolitical conditions and ship movement
p. 11
“the imports got affected because of geopolitical conditions, ship movement.”
T.V. Chowdary, page 11 of the filed PDF · View the filing
Lost Jagdalpur O&M contract due to higher costs versus competing bidder
p. 15
“We have done it and then our costs have gone up. So we can't -- based on the cost only, we can submit our price quote. And the new contractor, they quoted and then they got the order.”
T.V. Chowdary, page 15 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.