Order Book
₹1,294.6 crore
+9.9% QoQ
Order book increased from ₹1,167 crore in Q2 FY26, driven by a ₹429 crore MOD order in October.
PREMIEREXPLOSIVES
Other
2026-02-??
Premier Explosives Limited — Q3 FY26
Premier Explosives reported Q3 FY26 revenue of ₹81.4 crore and EBITDA of ₹11.6 crore (14.3% margin), with PAT of ₹6 crore.
✓ Verified against BSE filing
2-Min Summary
✦ AI-Generated from Full Transcript
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.
Key Numbers
Defense Order Book Share
92%
flat
Defense segment constitutes 92% of total order book, consistent with prior quarters.
Export Order Book
₹450 crore
N/A
Export orders represent ~35% of total order book, with execution dependent on export licenses.
RDX/HMX Expansion Revenue Guidance
₹150-200 crore
N/A
Management expects ₹150-200 crore revenue contribution from new RDX/HMX plant in FY27.
Management Guidance
FY26 Revenue Guidance Revised to ₹500-550 crore
Management lowered FY26 revenue guidance from ₹600 crore to ₹500-550 crore due to a factory accident and import delays.
Management guidance revenueFY27 Revenue Guidance of ₹500-600 crore
Management provided a conservative FY27 revenue estimate of ₹500-600 crore, factoring in current order book and execution pace.
Management guidance revenueRDX/HMX Plant to Contribute ₹150-200 crore in FY27
The new RDX/HMX expansion at Katapali is expected to be operational by Q1 FY27 and contribute ₹150-200 crore revenue in FY27.
Management guidance growthFY27 Capex Guidance of ₹60 crore
Management guided capex of ~₹60 crore for FY27, primarily for capacity expansion at Katapali and VDK plants.
Management guidance capexKey Risks
MOD Inspection Delays
Revenue recognition is contingent on pre-dispatch inspections by MOD; delays could push revenue to subsequent quarters.
high · management_commentaryLiquidated Damages on Delayed Contracts
LD clauses exist on contracts; management has approached MOD for waiver on shafts, but decision is pending.
medium · analyst_questionGeopolitical Supply Chain Disruptions
Import delays due to geopolitical conditions have impacted production timelines and revenue guidance.
medium · management_commentaryLand Acquisition Uncertainty for New Capex
Orissa land not finalized; Andhra land application cleared but not yet allotted, delaying expansion plans.
medium · management_commentaryNotable 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.
Frequently Asked Questions
What was Premier Explosives's revenue in Q3 FY26?
Premier Explosives reported revenue of ₹81 Cr in Q3 FY26, representing a — change compared to the same quarter last year.
What guidance did Premier Explosives management give for FY27?
FY26 Revenue Guidance Revised to ₹500-550 crore: Management lowered FY26 revenue guidance from ₹600 crore to ₹500-550 crore due to a factory accident and import delays. FY27 Revenue Guidance of ₹500-600 crore: Management provided a conservative FY27 revenue estimate of ₹500-600 crore, factoring in current order book and execution pace. RDX/HMX Plant to Contribute ₹150-200 crore in FY27: The new RDX/HMX expansion at Katapali is expected to be operational by Q1 FY27 and contribute ₹150-200 crore revenue in FY27. FY27 Capex Guidance of ₹60 crore: Management guided capex of ~₹60 crore for FY27, primarily for capacity expansion at Katapali and VDK plants.
What are the key risks for Premier Explosives in FY27?
Key risks include MOD Inspection Delays — Revenue recognition is contingent on pre-dispatch inspections by MOD; delays could push revenue to subsequent quarters.; Liquidated Damages on Delayed Contracts — LD clauses exist on contracts; management has approached MOD for waiver on shafts, but decision is pending.; Geopolitical Supply Chain Disruptions — Import delays due to geopolitical conditions have impacted production timelines and revenue guidance.; Land Acquisition Uncertainty for New Capex — Orissa land not finalized; Andhra land application cleared but not yet allotted, delaying expansion plans..
Did Premier Explosives meet its previous quarter's guidance?
Scorecard data is being built as historical quarters are processed.
Where can I read the full Premier Explosives Q3 FY26 concall transcript?
The full earnings conference call transcript or source release is available on the linked source material. This page provides an AI-generated summary verified against official BSE/NSE filings.