Premier Explosives Reports Strong Sales Growth Amid Rising Interest Costs in December 2024 Results
Premier Explosives reported strong financial results for the quarter ending December 2024, with net sales reaching Rs 165.92 crore, a significant year-on-year increase. Profit Before Tax and Profit After Tax also saw remarkable growth, although the company faces challenges from rising interest costs.
Premier Explosives, a small-cap player in the chemicals industry, has recently reported its financial results for the quarter ending December 2024. The results, declared on February 12, 2025, indicate a notable shift in the company's evaluation, with the score reflecting a significant change from the previous period.The financial performance showcases a robust growth trajectory. Net sales reached Rs 165.92 crore, marking a substantial year-on-year increase of 272.35%. This figure represents the highest sales recorded in the last five quarters, suggesting a strong demand for the company's products. Profit Before Tax (PBT) also saw remarkable growth, reported at Rs 8.59 crore, which translates to an impressive year-on-year increase of 2052.27%. Similarly, Profit After Tax (PAT) stood at Rs 9.22 crore, reflecting a year-on-year growth of 439.2% and the highest PAT in the last five quarters.
However, the company is also facing challenges, particularly with rising interest costs. Interest expenses for the quarter reached Rs 3.99 crore, marking a 57.09% increase quarter-on-quarter, indicating a potential strain from increased borrowings.
Overall, Premier Explosives has experienced significant evaluation changes based on its recent financial results.
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