Robust Q4 Financials : Premier Explosives Soars Over 11%

Premier Explosives is trading bullish in the first half of Monday’s trade soaring over 11% at Rs 460.90 per share on BSE. The small cap stock witnessed a total traded quantity of Rs 0.45 lakh on BSE at 11:27 IST.

The company posted its Q4FY17 financials on Friday reporting revenue from operations of Rs 72.47 crore. Its operating profit stood at 13.9 crore.

On a yearly basis, the company’s revenue for FY17 stood at 230.72 crores as compared to Rs 184.99 crore in FY16. It's operating profit stood at Rs 28.40 crore for FY 17 as compared to Rs 17.61 crore in FY16 & PAT for FY17 stood at Rs 14.75 crore as compared to 5.68 crores in FY16.     

The stock has traded on a fresh 52- week high of Rs 484 per share on BSE and Rs 483.90 per share on NSE. As per market observers, the company has been maintaining a healthy dividend payout ratio of Rs 28.70%.

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