Premier Explosives share price rises 10% on bagging ₹350 crore order from international entity

The stock rose as much as 9.60% to ₹544.80 per unit on the National Stock Exchange (NSE). At 12:02 pm, it was up 9% to ₹542 per share. Its market capitalisation stood at ₹2,924.61 crore.

The stock had hit its 52-week high of ₹684 per share on October 14, 2025, while its 52-week low of ₹370.90 apiece was recorded on April 25, 2025.

The scrip has gained 13.85% in the past week and 23.88% in the past month. Year-to-date, it had advanced 4.91%.

In an exchange filing, Premier Explosives said that it has secured an export order worth ₹350.23 crore for the supply of defence products to be delivered over a period of two years.

The company's promoters said that they have no interest in the entity that awarded the contract. The order does not fall within related party transactions, it said.

In a separate update earlier today, the company announced termination of a ₹18.90 crore worth export order for the supply of defence explosives secured from an international firm due to non-receipt of an export licence from the government.

How did Premier Explosives perform in Q3 FY26?

The company had reported a 34.16% decline in its consolidated net profit to ₹6.07 crore in the third quarter of the financial year 2025-26. The company had posted a post-tax profit of ₹9.22 crore in the year-ago period.

Its revenue from operations fell 50.93% to ₹81.4 crore in the December quarter of FY26, compared to ₹165.91 crore in the corresponding period of the previous fiscal year.