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A source-linked quarter view: reported numbers, management language, guidance, and the risks that should carry forward.
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Revenue
₹81.41 Cr
verified against source
Revenue YoY
—
reported change
EBITDA
₹11.6 Cr
latest reported figure
Source
screener in
record provenance
Actual signal trajectory
Where this quarter sits.
Quarter read
What the record says.
Premier Explosives reported Q3 FY26 revenue of ₹81.4 crore and EBITDA of ₹11.6 crore (14.3% margin), with PAT of ₹6 crore. The YoY decline is attributed to a high base from elevated shaft and flare dispatches last year and execution timing. The order book stands at ₹1,294 crore (3.1x FY25 revenue), providing strong visibility. Management guided FY26 revenue of ₹500-550 crore, down from earlier ₹600 crore, due to a factory accident and import delays. Key growth drivers include the ₹429 crore MOD order for shafts/flares, RDX/HMX expansion at Katapali (expected ₹150-200 crore revenue in FY27), and new product additions (mines, ammunition). Risks include inspection delays by MOD, potential liquidated damages on delayed contracts, and geopolitical supply chain disruptions.
Colored figures show movement against the previous available record.
Guidance to track
- Management lowered FY26 revenue guidance from ₹600 crore to ₹500-550 crore due to a factory accident and import delays.
- Management provided a conservative FY27 revenue estimate of ₹500-600 crore, factoring in current order book and execution pace.
- The new RDX/HMX expansion at Katapali is expected to be operational by Q1 FY27 and contribute ₹150-200 crore revenue in FY27.
- Management guided capex of ~₹60 crore for FY27, primarily for capacity expansion at Katapali and VDK plants.
Risks flagged
- Revenue recognition is contingent on pre-dispatch inspections by MOD; delays could push revenue to subsequent quarters.
- LD clauses exist on contracts; management has approached MOD for waiver on shafts, but decision is pending.
- Import delays due to geopolitical conditions have impacted production timelines and revenue guidance.
- Orissa land not finalized; Andhra land application cleared but not yet allotted, delaying expansion plans.
Key quotes
- We are the only source for counter measures. Whatever orders are we are executing from that.
- We are targeting 500 crores because you know that we had accident in the beginning of the year because of which our large rocket motors facility got affected.
- The propellant is to be supplied by only premier.
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