Shares of Premier Explosives Ltd are locked in a lower circuit (down 10%) after touching a day’s high of Rs 564.60 on 23rd May in reaction to its fourth-quarter results. With this fall, the stock has declined 40% from its recent 52-week high.

Revenue fell 15% year-over-year (YoY) to Rs 74 crore, while EBITDA dropped 37%. EBITDA margin narrowed by ~450 basis points; net profit halved to Rs 3.7 crore.

Defence & space services revenue fell to Rs 47.3 crore from Rs 71.1 crore last year, down 67% from the previous quarter.

FY25 revenue met guidance (Rs 400–500 crore), but the margin at 14% missed the 18–21% forecast. Defence & space comprised 81% of topline in FY25 vs 68% in FY24; order book stood at Rs 750 crore.

HDFC Defence Fund holds 8%; retail holding at 29.69%; stock under Stage 1 ASM list.

At 1:10 PM, the shares of Premier Explosives were locked in a lower circuit at Rs 546.20 on NSE.

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