Premier Explosives shares surge most in over 4 months after PCB revokes closure order for Katepally unit

Shares of industrial explosives and detonators maker Premier Explosives rose as much as 10.67% to hit an intraday high of ₹605 on the National Stock Exchange. On the BSE, Premier Explosives shares climbed as much as 10.69% to hit an intraday high of ₹605. The stock staged its best single day move in over four months, data from the National Stock Exchange showed.

The sharp surge in Premier Explosives shares came after the company informed exchanges that Telangana Pollution Control Board (TGPCB) revoked the closure order for its factory situated at Katepally village.

"We wish to inform you that the Telangana Pollution Control Board (TGPCB), vide its communication (as received today), revoked the closure order (which was issued on account of an accident on April 29, 2025) for the Company's factory situated at Katepally Village, Motakondur Mandal, Yadadri-Bhuvanagiri District, Telangana, hence approving the resumption of production activities. The Company shall ensure all compliances of the conditions as mentioned in the Order of Telangana Pollution Control Board," Premier Explosives said in a regulatory filing.

Premier Explosives factory at Katepally village witnessed fire and explosion in propellant mixing building in which three lives were lost on April 29.

The fire and explosion resulted in damage of a building and machinery, and these assets have been appropriately insured and the company is in the process of ascertaining the actual loss caused due to the fire and explosion, the company had informed exchanges.

Premier Explosives Q1 earnings

Premier Explosives net profit more than doubled to ₹15.35 crore for the quarter ended June 2025, compared with ₹7.32 crore in the same period last year. Revenue rose 72% year-on-year (Y-o-Y) to ₹142.15 crore.

EBITDA also known as operating profit grew 35% to ₹21 crore from ₹15 crore a year earlier, while EBITDA margin contracted by 400 basis points to 14.68% from 18.48%.

The company's order book stood at ₹988.5 crore at the end of June, up from ₹750 crore at the close of the financial year 2025.

As of 10:57 am, Premier Explosives shares traded 6.12% higher at ₹580. outperforming the SENSEX which was up 0.33%.