Premier Explo Standalone September 2024 Net Sales at Rs 94.60 crore, up 20.63% Y-o-Y

Q2FY25 Consolidated Net Profit at Rs 13.78 crore, up 6.56% Y-o-Y

Sales Volume at 11,253 MT, up 10.88% Y-o-Y

Mumbai, October 18, 2024 - Premier Explosives Limited (PEL), India's leading manufacturer of explosives, detonators and accessories, today announced its financial results for the quarter ended September 30, 2024.

The company's standalone net sales for Q2FY25 stood at Rs 94.60 crore, registering a growth of 20.63% Y-o-Y. This growth was primarily driven by higher volumes and better realization.

The company's consolidated net profit for Q2FY25 was Rs 13.78 crore, up 6.56% Y-o-Y. The consolidated sales volume for the quarter was 11,253 MT, up 10.88% Y-o-Y.

Commenting on the results, Mr. S. N. Nuwal, Chairman and Managing Director, Premier Explosives Limited, said, "We are pleased to report a strong set of results for Q2FY25. Our standalone net sales grew by 20.63% Y-o-Y, driven by higher volumes and better realization. Our consolidated net profit also grew by 6.56% Y-o-Y. We expect the demand for our products to remain strong going forward, and we are confident of delivering sustained growth in the coming quarters."

About Premier Explosives Limited

Premier Explosives Limited (PEL) is India's leading manufacturer of explosives, detonators and accessories. The company has a wide range of products that are used in mining, construction, infrastructure and defense sectors. PEL has a strong presence in India and exports its products to over 50 countries.

For further information, please contact:

Investor Relations

Premier Explosives Limited

Tel: +91 22 2495 8888

Email: investors@premier-explosives.com

Website: www.premier-explosives.com