India's Premier Explosives tumbles after Q4 profit plunges

Premier Explosives

23/05/2025 06:00

** Shares of Premier Explosives Ltd PRMR.NS fall 10% to 546.2 rupees

** Stock on track to snap 2 days of gains
** Defence and aerospace co reported 44.6% y/y plunge in Q4 consol net profit to 37.4 million rupees ($435,872); rev falls 14.6%
** Rev from key defence and space services segment falls 33% y/y
** Day's decline cuts YTD gains to 16.2%

($1 = 85.8050 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))